3 ms·
He can't, if he buys it as company expense then it's not your property. But yeah same is true for income tax, my country has a really high wage income tax at t
by rubber_duck 8y ago
He can't, if he buys it as company expense then it's not your property.
But yeah same is true for income tax, my country has a really high wage income tax at top bracket (close to 50% with health&benefits) that kicks in really fast, but profit income tax caps at 20% because people would just take profits out of the country if it was higher. so a lot of people work around it by invoicing their salary as self owned company pay min wage and take the rest as profit.
- bluecalm 8y agoIt makes some sense because wages come with a lot of benefits guaranteed by labor law while self employed people take a lot of risks but in general I see progressive taxes as a bad idea inviting scams. It's better to tax consumption of luxury goods at higher rate and/or use more tax revenue to fund social services mainly poorer people use.