| ▲ | Pooge 4 hours ago | |
I got curious while reading and I've read this[1]: > Revenue is total money from core business activities before expenses are deducted. > Income, or net income, is earnings remaining after all expenses are deducted from revenue. Sorry for being pedantic. I don't understand why English has such ambiguous terms for something that shouldn't be. Or am I even more confused now? To directly answer your comment: I agree that companies should be taxed on revenue and not income. Citizens are taxed on revenue, so why aren't companies?! They're supposed to be treated as people. [1]: https://www.investopedia.com/ask/answers/122214/what-differe... | ||
| ▲ | peyton 4 hours ago | parent | next [-] | |
Producers produce up to the point marginal benefit equals marginal cost. Tax on revenue inflates marginal cost and would create shortages etc. | ||
| ▲ | BrandoElFollito 4 hours ago | parent | prev [-] | |
Sorry, I mixed them up (I am not a native speaker of English, but would have probably mixed them up in French as well :)). Thanks (I updated my post) | ||