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roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

Pay less salary so you can pay your taxes? This isn't as complicated as y'all seem to want to make it.

roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

Two people earning $100k each would pay $28k income taxes each, totaling $56k. Where did this $80k come from?

roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

If you can't afford your taxes your business model was flawed to begin with. In the above example there is more than enough money for it to still be worth doing.

roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

You pay them less money so you can afford your taxes, like literally everyone else.

roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

Still plenty left to pay their business taxes.

roflmao123on The time bomb in the tax code that's fueling mass tech layoffs

> Post Section 174, the profit is now $160,000 each year. Now they pay taxes on $160,000, even though they literally have no money left over because revenues equaled expenditures.

They have the $200k they pulled from their startup, far more than what most people earn. If you make enough to pay yourself $100k then you make enough to pay taxes.