Comment by hexaflexagonbear [he/him]@hexbear.net on Don't make me tap the skull

Because the interest accrued is probably less than half of what is realistic with historic trends. The tax rate assumed is unreasonably large for business as well, as he doesn’t make a salary, he makes income.

as he doesn’t make a salary, he makes income

Please explain the difference.

Businesses get taxed at a lower rate than individuals.

For the record, salary IS income. Both for tax purposes and just like generally.

Hexbear.net needs more people who understand how this works lmao

I meant business income, whatever. Who cares about pedantic details, lol.

You’re such a dork

potentially

Yes.

Lotta people in here acting like they’ve found certainty in this, tho.

What happens when the money goes from Hasan Inc. to Hasan Piker, individual?

It often never has to! If my dad can save on his taxes with a trucker’s income, I’m sure the million dollar a year business can figure it out.

Oh I know! It gets taxed (again, which is actually good btw, “double taxation” is fake news) at the individual rate!

What actually happens is most of it doesn’t. He probably pays himself a salary out of the business, but the money being invested (i.e. “wealth”) likely never leaves the business side of things.

What actually happens is most of it doesn’t.

An assumption on your part.

This discussion exists in a vacuum of facts.

Banned? DM Wmill to appeal.

No anti-nautilism posts. See: Eco-fascism Primer

Gossip posts go in c/gossip. Don’t post low-hanging fruit here after it gets removed from c/gossip

Don't make me tap the skull(hexbear.net)

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