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But hey, at least we got thousands of clicks from outraged people about tech companies not paying taxes? KPIs met! Win!

• erhk 6y ago
  Why should income tax be a substitute? Where is my subsidy for having gone into debt for a degree?
  • indymike 6y ago
    Debt is not a loss. It is a liability.
    • mam2 6y ago
      IT's money spent which could have been somewhere else
      • indymike 6y ago
        No, that would be an expense.
  • gruez 6y ago
    Because corporations are taxed on profit but you as an individual are taxed on income.
  • rhino369 6y ago
    There are some deductions for tuition and student loan interest. But I do think that student loan payments should be fully deductible against income.
• question000 6y ago
  Is this sarcasm? Why wouldn't I still be outraged? Because they have "tax credits". Okay can I as individual get tax credits by going into debt? If I can't "tax credits" then Zoom shouldn't get them. It's just common sense. Seriously the current tax structure in the United States seems to be anti-human being. Humans have to pay up front in cash 100% each year, corporations can just claim they are writing off debt, apparently even in years they have no debt. Where does it stop? Why would someone defend this who pays taxes themselves?
  • pjc50 6y ago
    Individuals are not taxed on a "profit and loss" basis.
    • rs999gti 6y ago
      > Individuals are not taxed on a "profit and loss" basis. Is it safe to assume you have no investments or save for retirement?
      • pjc50 6y ago
        I have those .. in their respective tax shelters. (In the UK these are ISA and personal pensions, and on both I don't pay income tax. This vaguely corresponds to the 401k system)
  • indymike 6y ago
    Going into debt is not the same as a loss.
  • bkirkby 6y ago
    Can you, as an individual, provide the value of a Zoom that benefits society? Are you paying thousands of people a salary (paying taxes on their salary)? Are you providing a service that people are using to, ostensibly, make their lives better? If so, you should incorporate +and probably already do if you happen to employ thousands of people) since laws around incorporating are there to encourage people to take the risk of providing these values. Societies that burden business with taxes generally do not understand that businesses are the lifeblood of economy and draining the lifeblood makes the economy sick.
    • TheAdamAndChe 6y ago
      If companies are the lifeblood of the country, then the government is the bones. It provides absolutely necessary infrastructure like roads, water, sewers, and law enforcement. It provides economic and social stability through fiscal controls and food subsidies. It provides an educated population through schools. When viewed this way, the vitriol arising from a large company not paying taxes makes sense. The entire organism requires coordination in order to survive, and the government and companies need to work together and support each other in order to thrive. This isn't even going into the outrage arising from the fact that large companies are treated very differently from small businesses and individuals.