As an American who has been to the EU I can say with certainty that each one of those factors changes within an hour drive from my home. Making them a US v EU debate on an individual scale is meaningless. There’s nice parts and bad parts of both.
People don’t like when you punch down. When a 13 year old illegally downloaded a Limp Bizkit album no one cared. When corporations worth billions funded by venture capital systematically harvest the work of small creators (often with appropriate license) to sell a product people tend to care.
Last I checked there was an instance rule preventing the posting of pictures of cheese without a trigger warning.
I think Coolidge is definitely underrated even if he couldnt predict the future depression. For his time a very progressive guy (I’d say most progressive, for the day) and he understood the limits the people put on his position and held himself back to those standards. The worst thing he did was signing the Immigration Act despite his concerns raised in a sworn statement.
No man is perfect in history but in terms of even keeled presidents I think Coolidge stood out.
Not that Coolidge was an ideal to strive for. But he really did respect what he understood to be the limits placed on his position.
They don’t call him Warren ““I am not fit for this office and should never have been here.” -Warren G Harding” Harding for nothing.
Under the Administrative Procedures Act they get to create rules to interpret the law. Which enables non elected officials who work there to make changes to how laws are implemented to meet their understanding of best policy.
https://www.regulations.gov/search?agencyIds=IRS&filter=Deductions
The Federal government doesn’t have a sales tax on consumer purchases goods that they charge regular people (-a few very specific things). Most sales taxes are done by states, some states have none.
And the business isn’t dodging paying sales tax w/ deductions because again most things they spend money on aren’t being taxed on purchase. They’re having their amount of income the government can tax reduced as a reward for investing in themselves to promote economic growth.
Also private citizens have tax credits (which are preferable to deductions) too if they purchase certain things like EVs. If you buy a new EV the government will give you a few grand.
Talk to an accountant if you haven’t it sounds to me like you may be able to claim some deductions.
If for every $100 gross income you make you pay $20 in taxes and $80 in expenses you may be able to claim some of your expenses to reduce your tax burden.
Why does being profitable justify being even more profitable by paying fewer taxes?
It’s not about encouraging profitability (that only one proof of a real company) as much as allow businesses to grow, without people faking businesses to write off personal expenses. Properly reporting expenses can allow new or growing businesses to reinvest in themselves. I agree that there should be a different structure for large business but I’ll give a hypothetical to outline why it’s important for small businesses.
Let’s say a new family owned machineshop does $200k in sales in its second year. Pre-tax after all other expenses the business has netted $50k. Post tax (-$40k) they’ve got $10k left to reinvest. They want to buy $20k worth of machinery to grow the business. If they can deduct $20k for the machinery from the $40k in taxes the can buy it. If not they can’t.
Meanwhile the large international conglomerate machineshop down the road makes $400k a year post tax. If the want $20k in new machines they just buy them. This isn’t because they run a better business w/ better margins or product but because they have more volume.
Yes the main appeal of a LLC is that you aren’t liable if your LLC gets sued. As a sole proprietor if someone slips and falls in your store they can recover damages from you personally. As an LLC they can only get the business’s funds.
This means that even if awarded damages from a civil case tanks your business your won’t be out of a home and your personal bank accounts are safe (not considering the burden of lossing your source of income).
Small businesses absolutely can, and should claim any valid expenses. In theory audits are not punishments. They happen to large companies too. But in practice small businesses often don’t have full time accountants keeping their records and some receipts are lost after the cost has been reported.
Like many compliance regulations bookkeeping has costs that larger business are easier able to bear. Small businesses do get some aid notably a lot of money went out during covid, but big businesses have the people and resources to take advantage of that aid more than a solo proprietor who wasn’t even aware. Although small businesses never seem to get those “to big to fail” bailouts.
To touch on the hobby point if you run a business 40 hrs a week and lose twice what you make a year the IRS probably won’t mind. But if you’ve got 3 businesses you use to right off expenses (like craft brewing equipment, leather working tools, or art supplies) and you only have ever sold a single belt on Etsy over the span of a year they’ll probably have an issue.
Didn’t realize I was on .ml till I saw this
That is patently not what I was arguing. If they don’t raise the price past $60 they’ll just be incentivized to get it through predatory micro transactions.
And by arguing a business practice is unsustainable I’m not saying that entire industry pays employees in an equitable way.
If she marched for the cause of BLM adding another person from that group wouldn’t add a novel view point if that is already one of her own. As for the other groups you mentioned I think that they would be good additions. A homogeneous cabinet is pointless.
Perhaps my bolding and italics wasn’t enough. Was is in the past tense. As in not currently.
Cabinet positions are advisory and have little actually power. And not everyone “who was a Republican” is a fascist.
I agree with the sentiment on wages keeping up but I think ultimately the price isn’t as important as the value. I’ve bought a games for $60 that I’ve got 2k+ hrs in. That’s about 3 cents an hour, which I like to compare to a $15 dollar movie ticket that’s ~2-3 hrs of entertainment ($5-7.5 hr)
Obviously not everyone, myself included, gets that much out of each game. But if some games costed $140 but did give 2k hrs of gameplay (7 cents per hr) I wouldnt be bothered. To be clear I don’t think disposable AAA should jack up prices, but if the price reflects the value offered I see no issue.
On the volume thing I think we’ll probably start to plateau in the next 30 years w/ % of the total world pop consuming games, and inflation will continue. I only wish to point out that the eternal $60 price tag is something that probably should end in our lifetimes.
Not sure this is really Onion material. Diversity of thought is very important. If elected a cabinet of yes men might do her some harm. Even one dissenting voice can at least demonstrate how non partymembers might react to her plans. Allowing her to cater them to better appeal to a larger amount of the nation’s people.
If they’re ESL I totally get it. Neither of the two component words in their most common use would lead you to the correct meaning.
I remember my college had a suicide awareness day where among other things they told people to tell their suicidal friends to call the hotline if they felt suicidal.
Now imagine you are that person and you reach out to a friend for help only to have them tell you to call someone else in a canned speech you were told to tell others.