Yes there is a difference, but LLC is a legal concept, not a tax one. The IRS taxes sole proprietors the same whether or not they have an LLC.
Tax entities include sole proprietorship (default), partnerships, s corps, c corps. Any of those can be LLCs, but they don’t have to.
Profitability is just a proxy for whether someone is legitimately running a business, or just trying to save money on their hobby. Businesses can deduct expenses, hobbies cannot.
So if you are running an etsy store or an engineering company and buy a 3d printer to make parts, the cost of that 3d printer is subtracted from revenue for tax purposes. If your “business” is actually a hobby, it’s not legally a business expense and therefore it’s not deductible
(In the USA)
On the other hand, if it had been two women who had both agreed that the one cup was the worst ever, it would have been a sure thing.
Got any utube videos about it?
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It’s not obvious to me how these things are related, could you elaborate?
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I see “taxes” a lot but I have never seen someone explain the mechanism by which this is supposed to work.
The only thing I can come up with in my head is that they have capitalized the development costs and are currently depreciating the resulting asset. And that by cancelling/delisting the games it may allow them to immediately depreciate the rest of it, thereby recognizing a large expense for the current tax year, reducing profit, and therefore taxes.
Is that how this is supposed to work?
Doesn’t everyone? That sentiment is kind of meme level these days
Yeah Tildes is exactly what OP is looking for. It was designed from the start to facilitate discussions and suppress memes
I tried looking this up and could not find a source to support this claim, do you have one you could share?
Is this…antisemitism?
This comment is very human
Are you familiar enough with the details to share them? Because this sounds strange to me - every plan has an out of pocket maximum and the highest I’ve seen is $14k. Are you including premiums? Do the costs span multiple years?
Sure, the marginal cost is basically nothing. Once you have invested billions in infrastructure.
Not saying 10 cents isn’t outrageous, just that 0.001 cents seems low
A lie, or just something that too often gets conflated with “the economy?”
Whenever I see a fucked up, but not world-news-worthy story like this, it is always some guy spamming fucked up news from India in multiple communities it doesn’t belong in. And I always block them.
Feels weird that MN doesn’t follow the Mississippi to the gulf. But it’s probably better this way
The IRS doesn’t audit annually, companies hire 3rd party auditors. And it’s not a tax requirement, it’s a public-company requirement.