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I got curious while reading and I've read this[1]: > Revenue is total money from core business activities before expenses are deducted. > Income, or net incom
by Pooge 2mo ago
I got curious while reading and I've read this[1]:
> Revenue is total money from core business activities before expenses are deducted.
> Income, or net income, is earnings remaining after all expenses are deducted from revenue.
Sorry for being pedantic. I don't understand why English has such ambiguous terms for something that shouldn't be. Or am I even more confused now?
To directly answer your comment: I agree that companies should be taxed on revenue and not income. Citizens are taxed on revenue, so why aren't companies?! They're supposed to be treated as people.
[1]: https://www.investopedia.com/ask/answers/122214/what-difference-between-revenue-and-income.asp https://www.investopedia.com/ask/answers/122214/what-differe...
- BrandoElFollito 2mo agoSorry, I mixed them up (I am not a native speaker of English, but would have probably mixed them up in French as well :)). Thanks (I updated my post)
- junofan 2mo agoProducers produce up to the point marginal benefit equals marginal cost. Tax on revenue inflates marginal cost and would create shortages etc.