Re:Tell HN: Help restore the tax deduction for software dev ...
by koolba on Monday June 09, 2025 @03:40PM
(#44228546)
> if I earn $100/year, and I can deduct $50 of that, my tax bill is not $50. It is some percentage of $50, usually a low number for businesses. (Amazon regularly pays $0/year in taxes.)
Itβs not that low. Federal corporate tax rate is 21%. So you would be on the hook for $10 in taxes.
Itβs not that low. Federal corporate tax rate is 21%. So you would be on the hook for $10 in taxes.