1594
Let's play the rich get everything. The rules are the rich get everything. participation is mandatory.
(lemmy.world)
Did I say mandatory? I meant optional! You're "free" to die in a cardboard box under a freeway as a market capitalist scarecrow warning to the other ants so they keep showing up to make us more!
Ok but then you'll pay taxes on that sale so there's no problem.
That's only for you humans. We corporations only pay if we net a profit. Also, if we loose money, we can carry it over to next year as a tax exemption. Good luck, ugly bags of mostly water.
Eh so... If you lose money you also can carry the tax rebate over to the next year in the US...
Yes, humans as well.
https://www.investopedia.com/articles/personal-finance/100515/heres-how-deduct-your-stock-losses-your-tax-bill.asp
Same as companies, just a different maximum amount per year and what's left can be applied to the next year and the next and the next...
Don't hurt your back moving that goalpost
Oh funny, you deleted your comment instead of admitting you were moving the goalpost!
If you make a 30k loss you can get a 3k deduction every year for 10 years.
Corporations have limits to their annual deduction amount as well, it's higher than individuals because duh (if you make enough a year that you compare yourself to corporations and feel that you should be entitled to over 250k in tax deductions a year then I don't know how you don't know how that works).