Comment by offnominal
6 months ago
Salaries in general (not just of software developers) are tax deductible in many countries. This is desirable because we do not want companies to be paying taxes on revenue.
6 months ago
Salaries in general (not just of software developers) are tax deductible in many countries. This is desirable because we do not want companies to be paying taxes on revenue.
I dunno, I pay taxes on revenue.
Are you a company? If not, then you probably don't have revenue -- you have income.
In the US, unless you are a C Corp then you probably also pay taxes on net income of some form. C Corps have some different accounting, where dividends are double taxed unfortunately.
Small business owners are very impacted by the R&D schedule.
If only I can pay tax just for income - expenses (rent, food, etc.)
Do you take a standard deduction?
It's clearly not enough to cover all of the expenses that are required to generate your "revenue", but it's a gesture in that direction.