Big win for consumers, at least in the US. People tend to do better in courts here than they do in arbitration (where one side pays the judge(arbitrator)).
Big win for consumers, at least in the US. People tend to do better in courts here than they do in arbitration (where one side pays the judge(arbitrator)).
Kerosene and whale oil have been around for a bit longer than cars.
I mean it isn’t like you see many Zoolander incidents going on.
If you are having problems with cotton maybe look at a material better at wicking. I wear wool or viscose. Cotton is anti-wicking, making you hot and sticky at first then cold and clammy as it cools down.
When someone says someone is legally trespassing read it as “legally [speaking they are] trespassing”. At least in most cases.
Pedantic tangent:
You could lawfully trespass on the land of another (with permission). There’s 4 elements to the tort of trespass to land. 1) You act volitionally. 2) You intend to occupy that space, are substantially certain that will happen as a result of your actions, or you intend another intentional tort granting transfered intent. 3) But for your act their property wouldn’t have been invaded. 4) Their property has been invaded.
In civil law a trespass to land doesn’t consider whether you have permission or not to determine if you trespassed. They would determine that you did infact trespass but you have the defense of having done so with the privilege to do so granted by the owner. Meaning you did trespass but did so only in a manner appropriate under law.
I remember my college had a suicide awareness day where among other things they told people to tell their suicidal friends to call the hotline if they felt suicidal.
Now imagine you are that person and you reach out to a friend for help only to have them tell you to call someone else in a canned speech you were told to tell others.
As an American who has been to the EU I can say with certainty that each one of those factors changes within an hour drive from my home. Making them a US v EU debate on an individual scale is meaningless. There’s nice parts and bad parts of both.
People don’t like when you punch down. When a 13 year old illegally downloaded a Limp Bizkit album no one cared. When corporations worth billions funded by venture capital systematically harvest the work of small creators (often with appropriate license) to sell a product people tend to care.
Last I checked there was an instance rule preventing the posting of pictures of cheese without a trigger warning.
If you’ve heard the term ‘high explosives’ that refers to thoses that are supersonic while ‘low explosives’ are subsonic.
Under the Administrative Procedures Act they get to create rules to interpret the law. Which enables non elected officials who work there to make changes to how laws are implemented to meet their understanding of best policy.
https://www.regulations.gov/search?agencyIds=IRS&filter=Deductions
The Federal government doesn’t have a sales tax on consumer purchases goods that they charge regular people (-a few very specific things). Most sales taxes are done by states, some states have none.
And the business isn’t dodging paying sales tax w/ deductions because again most things they spend money on aren’t being taxed on purchase. They’re having their amount of income the government can tax reduced as a reward for investing in themselves to promote economic growth.
Also private citizens have tax credits (which are preferable to deductions) too if they purchase certain things like EVs. If you buy a new EV the government will give you a few grand.
Talk to an accountant if you haven’t it sounds to me like you may be able to claim some deductions.
If for every $100 gross income you make you pay $20 in taxes and $80 in expenses you may be able to claim some of your expenses to reduce your tax burden.
Why does being profitable justify being even more profitable by paying fewer taxes?
It’s not about encouraging profitability (that only one proof of a real company) as much as allow businesses to grow, without people faking businesses to write off personal expenses. Properly reporting expenses can allow new or growing businesses to reinvest in themselves. I agree that there should be a different structure for large business but I’ll give a hypothetical to outline why it’s important for small businesses.
Let’s say a new family owned machineshop does $200k in sales in its second year. Pre-tax after all other expenses the business has netted $50k. Post tax (-$40k) they’ve got $10k left to reinvest. They want to buy $20k worth of machinery to grow the business. If they can deduct $20k for the machinery from the $40k in taxes the can buy it. If not they can’t.
Meanwhile the large international conglomerate machineshop down the road makes $400k a year post tax. If the want $20k in new machines they just buy them. This isn’t because they run a better business w/ better margins or product but because they have more volume.
Yes the main appeal of a LLC is that you aren’t liable if your LLC gets sued. As a sole proprietor if someone slips and falls in your store they can recover damages from you personally. As an LLC they can only get the business’s funds.
This means that even if awarded damages from a civil case tanks your business your won’t be out of a home and your personal bank accounts are safe (not considering the burden of lossing your source of income).
Small businesses absolutely can, and should claim any valid expenses. In theory audits are not punishments. They happen to large companies too. But in practice small businesses often don’t have full time accountants keeping their records and some receipts are lost after the cost has been reported.
Like many compliance regulations bookkeeping has costs that larger business are easier able to bear. Small businesses do get some aid notably a lot of money went out during covid, but big businesses have the people and resources to take advantage of that aid more than a solo proprietor who wasn’t even aware. Although small businesses never seem to get those “to big to fail” bailouts.
To touch on the hobby point if you run a business 40 hrs a week and lose twice what you make a year the IRS probably won’t mind. But if you’ve got 3 businesses you use to right off expenses (like craft brewing equipment, leather working tools, or art supplies) and you only have ever sold a single belt on Etsy over the span of a year they’ll probably have an issue.
Didn’t realize I was on .ml till I saw this
That’s the whole point. People don’t watch the news to hear “dog bites man” they watch it to hear “man bites dog”.
No one wants to watch a 2-3 hr long movie about someone’s regular Tuesday at the office they want to watch something that doesn’t happen everyday like an adventure, the perfect couple meeting, or the world ending.