Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by pjmlp on Thursday September 28, 2023 @06:33AM
(#37687663)
This is how a capitalist society works, regardless if it makes sense or not.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by unmole on Thursday September 28, 2023 @08:00AM
(#37688339)
Revenue is income generated through business operations. Profit is what remains after deducting expenses from revenue. Taxes are paid on profit. Philanthropy reduces profit and thereby reduces taxes. Reducing taxes does not help revenue in any way.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by pjmlp on Thursday September 28, 2023 @08:27AM
(#37688635)
Words play, what matters is that amount of money left in the bank to distribute among company owners.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by UncleMeat on Thursday September 28, 2023 @09:19AM
(#37689207)
Which is lower after philanthropic giving.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by pjmlp on Thursday September 28, 2023 @12:59PM
(#37692449)
Depending on the jurisdiction.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by UncleMeat on Thursday September 28, 2023 @03:39PM
(#37694684)
Which jurisdictions give you $X back on your taxes if you donate $X to charitable organizations?
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by unmole on Thursday September 28, 2023 @10:18AM
(#37689949)
> Words play
And when you use words incorrectly, you don't make any sense.
If the tax rate is 30% and I have 100 dollars in profit, I will have 70 dollars left in the bank. Instead, if I donate 10 dollars and write it off, I will still have to pay 27 dollars in taxes, leaving me with only 63 dollars.
So, it's not just about words. Your comment is fundamentally wrong.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by pjmlp on Thursday September 28, 2023 @12:58PM
(#37692443)
Depending on the jurisdiction.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by squeaky-clean on Thursday September 28, 2023 @09:32PM
(#37698259)
There are no jurisdiction with a >100% tax rate.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by unmole on Thursday September 28, 2023 @10:44PM
(#37698714)
Sure, if you're talking about Narnia.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by squeaky-clean on Thursday September 28, 2023 @09:30PM
(#37698241)
> what matters is that amount of money left in the bank to distribute among company owners.
It would still be lower with the philanthropy and tax deductions, rather than not doing the philanthropy and paying more taxes. You can never get a bigger tax reduction than the amount you're putting in. The only way that would be possible is if tax rates exceeded 100%.
Re:Judge Rules US v. Google Trial Documents Can Be Posted On...
by robertlagrant on Thursday September 28, 2023 @09:35AM
(#37689394)
Philanthropy is a concept from a capitalist(-like) situation. If your government is taking everyone's stuff and redistributing it, you aren't being philanthropic.
This makes zero sense.