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

Businesses get taxed at a lower rate than individuals.

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.

Well, given that he makes well over a million a year, and therefore almost definitely has an accountant, what I said above is a virtual guarantee.

Unless you think he told his accountant “please maximize the taxes I pay to the federal government”. Like, I agree that the house discourse is pointless, but it’s also ridiculous to say that that kind of income won’t convert to wealth quickly and easily.

This discussion exists in a vacuum of facts.

Yeah, that’s why people are making reasonable assumptions. That’s why I use words like “probably” and “likely”.

ridiculous to say that that kind of income won’t convert to wealth quickly and easily.

I never said that, so that’s good

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

potentially

Yes.

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

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

You’re such a dork

Got the b school degree to prove it, too!

Being pedantic over details that barely matter seems about right with the bschool kids I tutored

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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