Comment on Meta spent $4.3 billion on its VR division in three months, and made *checks figures* $440 million in return

<- View Parent
chiliedogg@lemmy.world ⁨2⁩ ⁨months⁩ ago

Of course it’s better than not having the write-off. But it’s not like it’s free.

Business expenses aren’t profit so they aren’t taxed because it’s money you didn’t actually make.

Since most businesses operate on a small margin, removing tax deductions would make tax burdens higher than profits.

And it’s not like that camera lens isn’t being taxed. I’m buying it from a company that pays taxes on its profits and payroll and whose employees pay taxes, and on top of that I’m paying sales tax (to a different entity of course).

source
Sort:hotnewtop