I didn't know your income was $1.
RE: Poor Mark Zuckerberg only makes $1 per year
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Poor Mark Zuckerberg only makes $1 per year
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In Canada there is a basic exemption of $11,635. This is the amount that you can earn before attracting income tax. I don't know how I feel about the $1. Is it symbolic or a slap in the face.
I don't begrudge paying my fair share of tax but businesses probably should share more of the burden. For instance Amazon has revenues of 177.9 billion. How much do they contribute to maintain the highways that are used to deliver their products. Also there is an issue of how the taxes are allocated. We have the technology that allows an individual to specify which programs they would like their money to go to and have it traceable on a public ledger.
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Do you live in Canada? It's a good country.
The reality of this is that taxes must be paid according to the law, and if it is a crazy question amazon and other virtual companies contribute to a country? is something I have to ask myself.
I'll do a little more research on the subject.
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https://gizmodo.com/amazon-just-got-nailed-for-allegedly-evading-300-milli-1819128919
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As far as I can see amazon hid part of his net income in order to lower his taxes, but he is already accused of tax evasion so that is a crime.
Thank you for sending me the information, it was very useful, today I learned something new
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Actually Zuckerberg is Facebook. It is once all businesses reach a certain level, there are ways to disguise profits.
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I understand very well they evade taxes to leave without paying what they have to pay, but they can leave with fines.
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