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points by somat 1 day ago | 0 comments

I suspect "other" is mining or equivalent natural exploitation(oil)

And pet peeve, personal income tax and corporate income tax are almost the same thing. With few exceptions the individual person does not pay their income tax, the corporation does, and for those exceptions the individual is the corporation. Income tax is really a sales tax on a corporation biggest expense, it's payroll.

[–] yuliyp 1 day ago

Corporate income tax is a very different thing from an employer withholding wages. Withholding is still considered the individual paying the tax, just they never get to hold the money. Corporate income tax is money the corporation pays based on its own income vs expenses.

[–] throwup238 1 day ago

You can also just go to your employer’s HR software and change withholding to 0% everywhere I’ve worked, giving you a bigger paycheck but moving the burden of paying the IRS on you.

[–] what 1 day ago

You still need to do the withholding or pay a penalty at tax time. I suppose you can pay quarterly instead of biweekly (or whatever), but is it worth it?

[–] BobaFloutist 1 day ago

I guess if you have a credit card that gets enough points/cashback to offset the fee for paying with a credit card you could get a marginal benefit?