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A comment on How the Maker of TurboTax Fought Free, Simple Tax Filing (2013). Parent comment

Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by YokoZar on Sunday March 12, 2017 @10:44PM (#13854876)
And if you incorporated your ebay business, it would likely pay very little in taxes too. But then you'd take the same income as wages and pay the same income taxes you did before you had a legal title on your business.
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by krashidov on Monday March 13, 2017 @01:41AM (#13855493)
But couldn't you keep that money in a bank account and spend it on 'business expenses' without paying yourself a wage?
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by rahkiin on Monday March 13, 2017 @04:38AM (#13856146)
At least in the Netherlands, that is not allowed. With an LLC you have to give yourself a living wage. Also, if you mark them as profit (not pay them to your employee (yourself)) you have to pay corporate tax. You also can't just deduct your breakfast.
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ... by chongli on Monday March 13, 2017 @06:20AM (#13856550)
What if you share your breakfast with your spouse who also happens to be an employee? Then breakfast is actually a meeting!
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