271
Lenin (programming.dev)
submitted 1 year ago by sizeoftheuniverse@programming.dev to c/memes@lemmy.ml
95 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[-] SneakyThunder@sh.itjust.works 3 points 1 year ago

The possession of personal property can’t earn you any money

If I understand it correctly my laptop and 3d printer, are private property since I can make money with those...

[-] TrismegistusMx@lemmy.world 0 points 1 year ago

No you can't. You have to create a legal entity before you're allowed to make money.

[-] SneakyThunder@sh.itjust.works 1 points 1 year ago* (last edited 1 year ago)

I'm not sure if thats required here, but it's totally possible without asking for government permission

Edit: i might be wrong here because of "legal speak" language barrier, but if I understand correctly you can make money from your business as a regular person just fine (legally). There's just a limit on how much you can earn before needing yo register as a business

[-] TrismegistusMx@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

You can make exactly $600 per year off your personal property before you run afoul of tax laws in the USA.

[-] SneakyThunder@sh.itjust.works 2 points 1 year ago

Thats sad(

There its ~25k$ IIRC. (Although doesn't count net profit, just all money you recive)

But there's huge gray market here, and I'm sure US has it too

this post was submitted on 29 Jul 2023
271 points (75.7% liked)

Memes

45168 readers
2725 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml