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Whether it is $1 or $0.10, it is non existent for young software companies. If I'm penniless (after real expenses), where will I get those 10 cents to pay the t
by throwaway7783 1y ago
Whether it is $1 or $0.10, it is non existent for young software companies. If I'm penniless (after real expenses), where will I get those 10 cents to pay the taxes?
And I'm not making this up. We are about to get cash flow neutral in our company, and this law will literally kill us and make 20 US citizens unemployed.
- gbacon 1y agoIt is unjust. It is destructive. It actively impoverishes all of us. This is where they trot out the cold, detached assertion of Robespierre that one has to break a few eggs to make an omelet.
- fwip 1y agoWell, same as any other expense. You find a way to pay for it, or you go out of business. If the number is 10%; you need either 10% more revenue or 10% less costs.
- throwaway7783 1y agoExcept its a fabricated expense by law. Of course we can say "it is what it is, deal with it" for pretty much anything.
- fwip 1y agoSorry, I thought you were asking a question. I misread, didn't realize it was rhetorical.
- xmprt 1y agoAs far as I know, this law has been a thing for a couple of years now. How has your company been dealing with it so far? You say "this law WILL" but if it's already in effect, then it means that you would have already had to find a way to pay taxes for the last few years right?
- throwaway7783 1y agoOur other expenses offset it. (That is, we were making losses - typical VC funded company)
- gastonmorixe 1y agoGet a loan. /s