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By that definition, everything is double-taxation. The check I get from my employer comes out of the company profits too.
by kadoban 5y ago
By that definition, everything is double-taxation. The check I get from my employer comes out of the company profits too.
- deleted 5y ago[deleted]
- valleyer 5y agoIn many jurisdictions, including the United States, an employer does not pay income tax on the money they pay out in payroll. https://en.wikipedia.org/wiki/Corporate_tax https://en.wikipedia.org/wiki/Corporate_tax
- ryandrake 5y agoBut that money will be taxed when it's used to pay your electrician. Then, that money will be taxed again when your electrician uses it to buy something from a shop keeper. And then, that money will be taxed again when that shop keeper pays his employee. Then that money will be taxed again when the employee gets his dry cleaning done. There's no law or sensible principle that a dollar should be taxed exactly once in its entire existence.