HeliographHeliograph@mastodon.au
Sep 28, 2026, 5:21 AM"If companies are only taxed on profits, not revenue, then citizens should only be taxed after paying for rent and bills." #kenoath
Replies
clarkiestarclarkiestar@mas.toSep 28, 2026, 5:29 AM@Heliograph wouldn’t that be amazing
- HeliographHeliograph@mastodon.auSep 28, 2026, 6:26 AM
@clarkiestar wouldn't it just! :blobgrimace:
Kevin Russellkevinrns@mstdn.socialSep 28, 2026, 5:30 AMMostly they are. There is an allowed amount of money you can deduct from .income, known as standard deductions in many countries, the problem is deductions are small.
Some parties are setting policy for an income minimum below which there is no income tax, and not using an itemized list.
Supply side economics is a trick used to provide enough poverty, to control economies.
Reducing demand is an economic crime. Dont tax work, tax wealth.
Phil Burg (he/him)Standard_Phil@infosec.exchangeSep 28, 2026, 5:46 AM@Heliograph I'm on board with this idea.
iris ✿ sandwalkerIrisherself@mastodon.socialSep 28, 2026, 6:34 AM@Standard_Phil oh yes count me in as well 😬 @Heliograph
millennial fulcrumfalcennial@mastodon.socialSep 29, 2026, 8:58 AM@Irisherself @Standard_Phil @Heliograph and my axe 🤌🤌
Anti Faisisteach Saebhiarxmacdonald@mstdn.caOct 17, 2026, 4:01 PM@falcennial @Irisherself @Standard_Phil @Heliograph And my bow
Sep 28, 2026, 7:30 AM@Heliograph i am in the UK, the first £~12k per annum of my income is not taxed.
- HeliographHeliograph@mastodon.auSep 28, 2026, 8:02 AM
@nicksalt lol ok what's with the other 11 months? 😬
- HeliographHeliograph@mastodon.auSep 28, 2026, 8:21 AM
@nicksalt I reckon half of folks' income goes towards rent or mortgage, then food kids school life ... 12k is not sufficient
Nina Cried PowerNina_criedSep 28, 2026, 9:51 AMRent is a shared cost so that 12k per person that is tax free.
- Nina Cried PowerNina_criedSep 28, 2026, 9:52 AM
I thought every country had a similar tax free allowance. If they don't comparing tax rates is very misleading.
IwillyeahIwillyeah@mastodon.ieSep 28, 2026, 8:00 AM@Heliograph honestly, they even were taxed on profits, I'd take that.
- HeliographHeliograph@mastodon.auSep 28, 2026, 8:02 AM
@Iwillyeah true good point 👏
Felichsfelichsdakatze@mastodon.socialSep 28, 2026, 8:02 AMimagine if we JUST had income tax...
AbazigalAbazigal@mastodon.socialSep 28, 2026, 8:06 AM@Heliograph Kinda? In Singapore, the first $25000 annual income is not subject to income tax.
- HeliographHeliograph@mastodon.auSep 28, 2026, 8:23 AM
@Abazigal cost of living is much higher
Sep 28, 2026, 8:30 AM@Heliograph Yeah, we pay taxes after deducting all the expenses.
- HeliographHeliograph@mastodon.auSep 28, 2026, 8:50 AM
@ml all and not just a fraction
AgnesBCAgnesBC@vivaldi.netSep 28, 2026, 10:34 AM@Heliograph Truth!
OutOfSpace - 不割席OutOfSpace@berlin.socialSep 28, 2026, 10:54 AMRadikale Position. Ich bin dafür!
Sep 28, 2026, 11:16 AMJust watched the movie Rich Flu last night. It was fun.
ChefExpertechefx@defcon.socialSep 28, 2026, 11:36 AM@Heliograph So that if someone earns a lot of money they can save taxes by just spending it all on a big mansion?
- HeliographHeliograph@mastodon.auSep 28, 2026, 11:37 AM
@chefx lol someone who earns a lot of money does not pay any taxes that's their artform
- ChefExpertechefx@defcon.socialSep 28, 2026, 11:48 AM
@Heliograph Well that is true but besides the point
derptroncrazyeddie@mastodon.socialSep 28, 2026, 2:10 PM@Heliograph So in the USA you actually can choose to count all your expenses and take them out rather than taking the standard deduction.
BUT -- your fucking rent doesn't qualify unless you are a business.
So uh ... yeah. Whatever.
scrottie (he/him/them)scrottie@bsd.networkSep 28, 2026, 5:46 PM@crazyeddie @Heliograph or food, or utilities. it's a lot narrower list than for corps. and yes, those catered business lunch are expensed.
- scrottie (he/him/them)scrottie@bsd.networkSep 28, 2026, 5:48 PM
@crazyeddie @Heliograph also a lot harder to dump all of your assets in to a holding company or go through a reverse takeover or pay yourself in tax free options as a human being, to name just a tiny few.
Sep 28, 2026, 6:02 PMAKA money has more rights than people.
I'm like a lot of people that see the horrifying way that
the preservation of money is so entrenched, that it's
not getting "walked back". If money has that kind of
power, then it has the power to not allow actual reform.
The good thing about reform is that it might mitigate
some pain and give some breathing space while
peoples may regroup and plan.
CC: @Heliograph@mastodon.au
David W. Jonesdancingtreefrog@mastodon.socialSep 29, 2026, 6:24 AM@Heliograph
AGREED!Families should be able to deduct expenses just as businesses can.