Yes, really. How old are you btw? Do you have a full time job? Have you ever done a tax return?
Really?
Really.
Do you have any citation door this?
To claim a deduction for a bag, case or satchel you must:
incur the cost and use the bag or case to carry items for work
need to carry the items for work and the bag or case must be suitable for that purpose
You might want to go see an accountant asap and get them to add some deductions for the last few years ;). You can do that btw - adjust previous years tax returns after they’ve been filed so you can get some money back.
How come normal humans can pay tax on revenue
Revenue != income, first and foremost. Revenue is total earnings from sales of services and products by a business. Income/profit is what a business is left with after expenses (and other things we don’t need to get into) are deducted.
Just think about this super simple example:
You start a business selling PCs that you build out of your home.
- In your first week you only buy inventory (case, cpu, mobo, ram, gpu, ssd, etc) to make the pcs when you get an order.
- You offer only a single sku for $2000
- You get 4 orders and take $8000 in revenue.
- You buy the parts to make these 4 PCs, parts list: $75 case, $250 cpu, $100 SSD, $200 RAM, $200 motherboard, $175 PSU, $750 GPU, $50 cables etc. Total per PC: $1800. 4 PCs = $7200. It costs $50 to ship each order, customers pay you for it = $200.
Total costs for first week: $7200 (PC parts) + $200 (shipping) = $7400
Total revenue for first week: $8000 (PCs) + $200 (Shipping) = $8200
Congratulations, you made $800 “profit” in your first week! Seems like a nice little business!
Now let’s work out your taxes using the current business tax laws. Let’s say the business tax rate is 25%.
Deduct your business costs from your revenue to get your profit, then pay tax on the profit: ($8200 - $7400) = $800.00 x 0.25 = $200.00 tax to pay.
Result: you made $600 profit in your pocket this week.
Now let’s work out your taxes using your proposed system of businesses paying tax on revenue.
Revenue of $8200 x 0.25 = $2,050.00 tax to pay.
Result: you owe the tax office $1250 after giving them your $800 that you made in “profit”. The business is unsustainable even though you have a healthy profit margin on all of your items.
Do you see why what you’re saying literally does not make sense?
Gemini is trained on reddit data, what do you expect?