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Taxes are a social construct; teeth aren't. Some taxes are simple enough that a grade schooler can do it. For example, very few people would find difficulty in
by nayuki 3y ago
Taxes are a social construct; teeth aren't. Some taxes are simple enough that a grade schooler can do it. For example, very few people would find difficulty in applying Ontario's 13% Harmonized Sales Tax to general retail purchases. Why shouldn't we aim to have an accessible and equitable tax system that doesn't require dedicated experts ("priests") to interpret?
- Joel_Mckay 3y agolol, most fail to understand there is an intricate relationship with the corporate tax and credits system. It is a full time job figuring out the retention of company treasure, handling capital losses constructively, and legal posture preparation to minimize risk. While founders-syndrome tricks people into thinking they can do anything... they can't do everything... and often end up doing nothing when bankrupt. You can learn the hard/expensive/painful way, or do things the easy way the first time to retain more cash to invest back into the firm, If you are an employee filing a T4, and or a shareholder filing your T5... there is still a minefield of mistakes that can trigger taxable events. Depends how much you can legally retain, but the tax systems are often similar to a crime of omission in that it ensures you will miss most opportunities. These rules are complex on purpose. Best of luck, and don't drop the soap =)