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I also don't totally understand, what's a TIN for example (Taxpayer Identification Number?) and why is it making money? (Don't taxes go to the state?)
by cutemonster 3y ago
I also don't totally understand, what's a TIN for example (Taxpayer Identification Number?) and why is it making money? (Don't taxes go to the state?)
- curious_curios 3y agoYeah, it’s the identifier the government uses to attribute income for, and hence calculate the resulting taxes. In this case it sounds like a midsize business is using some random guy’s number, so the tax authorities are under the impression there’s a guy pulling in millions personally, and a company with no income. Given that individuals and companies get taxed differently in many different jurisdictions concurrently this will be a mess to untangle.
- cutemonster 3y agoWow that's amazing, thanks for explaining