7 ms·
A corporation will shift the capital loss to a tax write off like any other firm. The taxpayer just takes a dollar out of their pocket, and pays a dollar in ta
by Joel_Mckay 3mo ago
A corporation will shift the capital loss to a tax write off like any other firm.
The taxpayer just takes a dollar out of their pocket, and pays a dollar in tax revenue short fall. This fine changes nothing, punishes tax payers, and Meta will just lobby more politicians. =3
- Epa095 3mo agoYou have the right idea, but remember that tax rate is not 100%. So if a company gets a fine on X dollar, that reduces their surplus by X, and they pay e.g X*20% less in tax (if the tax rate is 20%).
- Joel_Mckay 3mo agoI am sure they will figure something out in whatever jurisdictions they find advantageous. =3
- oblio 3mo agoLOL. Yes, let's do absolutely nothing, that always works well. This fine also sets a precedent that some will follow. When New Mexico does it, ok, avoidable. If NY, California, etc start doing it, at some point there is no place left to run to. Also, what's the "=3" supposed to mean?
- whatarewegonnad 3mo agowah!
- dgellow 3mo agoIt’s a cat face emoticon
- oblio 3mo agoI have no idea what it's supposed to add to the conversation...
- Joel_Mckay 3mo agoDon't worry about it =3
- oblio 3mo agoI'm not afraid of you, catman!
- dgellow 3mo agoCuteness, sometimes a small trans identifier, sometimes an in-community joke or reference. Here I’m not exactly sure. But it’s not too far from UwU and similar
- keybored 3mo agoSometimes I wonder if these comments are about lamenting the state of big corporations, about defending big corporations, [1] or about lamenting how fungible value exchange were even the Rule of Law can be reduced to an expense makes everyone except for conentrated wealth into losers. [1] “They won this battle and the last one. But the other side has millions of soldiers. They will just replace them.”
- Joel_Mckay 3mo ago>about defending big corporations It is not personal opinion, but rather a fact of doing international large business. Sometimes doing "something" means the political posture of appearing to do "anything popular" with the naive, and achieving nothing but the status quo within a year. If our legal systems were serious... they would have split up the company, and Chapter 7 divisions that failed to fix problems the judge ordered addressed. =3
- keybored 2mo agoI know. My opinions are facts too.
- Joel_Mckay 2mo agoComedic, now watch META's ticker symbol remain boring over the next 2 years. =3
- drc500free 3mo agoCorporations don’t ignore expenses just because they reduce taxable income.
- jasode 3mo ago>A corporation will shift the capital loss to a tax write off like any other firm. The payment of fines for penalties from breaking civil or criminal laws is not deductible according to IRS tax rules : https://www.irs.gov/publications/p529#en_US_202012_publink10008827 https://www.irs.gov/publications/p529#en_US_202012_publink10...
- neonstatic 3mo ago[flagged]
- ourmandave 3mo agopssst, we don't hate corporations and billionaires. We hate organizations and people that knowingly harm children for profit.
- yunwal 3mo agoI hate billionaires! Ok, maybe a few of them are fine people who have too much money, but the vast majority of them are in their position because they were willing to siphon money from lower classes using unethical means. Of all of the competitive advantages you can claim, the "no moral scruples" one is the most persistent.
- Joel_Mckay 3mo agoI suspect if they fail to figure out a way to socialize the losses (they won't), than the identical lost-revenue value will be deducted from nonvoting shareholder 401k investments. People need to understand single jurisdictions are practically meaningless for large multinational corporations like Meta. =3