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0 pointsroflmao1239mo ago0 comments

Still plenty left to pay their business taxes.

0 comments

maaaaattttt9mo ago

And if it’s employees? Do you ask them to contribute to the company’s taxes as well? After they’ve paid their own?

roflmao123OP9mo ago

You pay them less money so you can afford your taxes, like literally everyone else.

spwa49mo ago

... or you never have the startup, and just have 2 people unemployed and no produce nothing of use to anyone.

Which is what's happening.

1 more reply

dyauspitr9mo ago

So on the $200,000 it’s reasonable to you that they have to pay $120,000 ($80k income+$40k business) in taxes?

roflmao123OP9mo ago

Two people earning $100k each would pay $28k income taxes each, totaling $56k. Where did this $80k come from?

dyauspitr9mo ago

What about state and city taxes? 80k might be a tad too high but in NYC on $100k, you would only take home around $65k.

jameshart9mo ago

The company doesn’t have any money to pay those taxes with.

If you give the company more money to use to cover its tax bill, then that further increases the company’s taxable income.

roflmao123OP9mo ago

Pay less salary so you can pay your taxes? This isn't as complicated as y'all seem to want to make it.

zmgsabst9mo ago

That’s what makes them less competitive: they have to lower pay because they don’t have the cash on hand and revenue to amortize the deductions.

throttlebody9mo ago

If you employ people on straight salaries, you are stuck. Not everyone is on share gravy train

j / k navigate · click thread line to collapse

0 comments

maaaaattttt9mo ago

And if it’s employees? Do you ask them to contribute to the company’s taxes as well? After they’ve paid their own?

roflmao123OP9mo ago

You pay them less money so you can afford your taxes, like literally everyone else.

spwa49mo ago

... or you never have the startup, and just have 2 people unemployed and no produce nothing of use to anyone.

Which is what's happening.

1 more reply

dyauspitr9mo ago

So on the $200,000 it’s reasonable to you that they have to pay $120,000 ($80k income+$40k business) in taxes?

roflmao123OP9mo ago

Two people earning $100k each would pay $28k income taxes each, totaling $56k. Where did this $80k come from?

dyauspitr9mo ago

What about state and city taxes? 80k might be a tad too high but in NYC on $100k, you would only take home around $65k.

jameshart9mo ago

The company doesn’t have any money to pay those taxes with.

If you give the company more money to use to cover its tax bill, then that further increases the company’s taxable income.

roflmao123OP9mo ago

Pay less salary so you can pay your taxes? This isn't as complicated as y'all seem to want to make it.

zmgsabst9mo ago

That’s what makes them less competitive: they have to lower pay because they don’t have the cash on hand and revenue to amortize the deductions.

throttlebody9mo ago

If you employ people on straight salaries, you are stuck. Not everyone is on share gravy train

j / k navigate · click thread line to collapse