Yes, taxes are only on profits. You don’t need a loss per se, you just need to reinvest everything. The results would be crazy otherwise. Tech makes near 100%

Yes, taxes are only on profits. You don’t need a loss per se, you just need to reinvest everything. The results would be crazy otherwise. Tech makes near 100% margins, grocery about 2%. But both industries would pay the same level of tax on 100% of revenue if it wasn’t profit based.