• JohnDClay@sh.itjust.works
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    2 hours ago

    Because due to fancy accounting they haven’t made a profit? Reminds me of how movie studios can make even the most successful movies unprofitable on paper to get out of profit sharing deals.

    • kn0wmad1c@programming.dev
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      41 minutes ago

      I think you can, but most people take the standard deduction every year (which is supposed to represent these things) rather than calculate the itemized deduction with receipts.

  • halcyoncmdr@lemmy.world
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    5 hours ago

    Just a symptom of why the US has budget issues constantly every year.

    Companies that can afford to pay taxes with absolutely zero negative impact to operations instead get a free ride. Meanwhile most individuals pay half their income to taxes and half the country lives paycheck to paycheck.