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Did you pay your taxes? (sh.itjust.works)
submitted 9 months ago by to c/whitepeopletwitter@sh.itjust.works
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Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

Microblog post saying “so funny how the US govt desperately needs 25% of the $2500 I made on a small creative project, but won't tax any of jeff bezos $239.4 billion”
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[–] 8 points 9 months ago

No, deductions for business expenses happen "above the line" so they reduce your taxable income. The standard deduction happens "below the line" and is applied to your taxable income after business expenses etc

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