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Did you pay your taxes? (sh.itjust.works)

Related: Robert Reich posted earlier today that Tesla paid ZERO taxes on $5 billion in sales (earnings?), so that’s just fucking great.

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[-] btsax@reddthat.com 26 points 4 days ago

Pro tip: if you are actually making side income like this and reporting it to the IRS then in many situations you can deduct the costs of the things you needed to buy in the course of generating that income.

This does not work on W2 income, though, as much as it would be nice to deduct the costs of driving to an office etc

[-] TheFinn@discuss.tchncs.de 5 points 4 days ago

That only matters when the value of those deductions exceeds the standard deduction though, isn't that right?

[-] MrShankles@reddthat.com 1 points 4 days ago

Yes, that's how I always understood it

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this post was submitted on 03 Feb 2026
1473 points (99.5% liked)

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