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You don’t have to pay income taxes until you record profit, at least, so that really is like what he is saying. The IRS is not going to think this is weird, man
by seanmcdirmid 2y ago
You don’t have to pay income taxes until you record profit, at least, so that really is like what he is saying. The IRS is not going to think this is weird, many (most even) startups never get to the point of paying taxes, and non-profits by definition don’t.
- ryandrake 2y agoObviously I'm not talking specifically about corporate taxes, here. In fact the example was about personal taxes. It's a generality about the attitude of "Ignore the rules, do what you have to now, and worry about the consequences later."
- sroussey 2y agoNo, it more like “rewrite the rules” either by litigation or politics.
- seanmcdirmid 2y agoI don’t understand how we went from talking about “companies not worrying about success problems until they have success” to talking about individuals where none of that applies and is just a bad analogy.