Welcome to politcal memes!
These are our rules:
1) Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
2) No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
3) Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
4) No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
5) No AI generated content.
Content posted must not be created by AI with the intent to mimic the style of existing images
Whats next, removing the inflation targeting that is actively eroding salaries and the minimum wage?
Imagine not having to ask for a raise but your cost of living getting cheaper, cant have that because no one would buy anything and we would all starve to death. Trust in the science told to us by the gods of corporate bailouts.
Deflation is not what you want because the capital class would be able to explode their value even more.
Need to file to open a corporation in your own name.
Progressive taxes are kind of supposed to take into account basic necessities and tax you more on estimated expendable income. So if you earn more, you can pay a higher portion of what you earn.
But also, I agree. Especially with cost of living being radically different depending on where you live. House, car, utilities, and grocery should all be deductible.
Should make myself a business and right off everything as reinvesting in my life.
Surely businesses' investments can't be written off? If they could, that would be a massive flaw in the system
They can, and I think it makes a lot of sense.
Lets say you start a lawncare business and buy a lawnmower for $1000. You don't manage to get that many customers the first year, and only make exactly $1000. You haven't lost money, but didn't make any profit either.
Should you now have to pay tax on those $1000 dollars of revenue, causing you to have lost money despite your hard work? Where would you even get that money from to pay the tax?
I think the problem is not the basic system, but that the rules are too complex and have loopholes that allow you to pay less tax if you are an expert on the rules - or have enough money that it's worth it to hire one.
Well you still have the lawn mower, which you can sell. But you'll get less than you paid for it (you might get $400) -- and I think that difference ($600) is the only part that should be exempt from taxes
I used to be able to take a portion of my utilities and rent off my income because I had a home office but POSOTUS stopped that.
