Posting this here because /biz/ is just shitcoin crap and it does involve math.
The main question is, why doesn't this exist? By "this" I mean the following: corporations that voluntarily retain their worker's salaries so they (the workers) can pay less income tax. What I mean by this is:
Suppose you got a worker that earns $1000 per month. His expenses are $100 for rent, $50 for groceries and $300 for other various stuff. After he gets paid, though, he needs to give away 10% of his monthly salary in income tax, thus another $100 go away and his total month expenses are $550. He saves the rest ($450.) Finally, after 12 months he will have $5400 saved up, tax-free money.
Now imagine if corporations could act like some sort of bank, where workers could have money associated to them, and they could buy anything through the corporation thus the money never becomes an income to the worker until he decides to pull out. Following the past example the worker's monthly expenses would only be $450 because he is not paying income tax, and thus he saves up $550. After 12 months he will have $6600 associated to him, and when he decides to pull out that money (assuming that the yearly tax properly scales with the monthly tax) he will pay 10% income tax on that, leaving him with $5940 tax-free money.
Meanwhile corporations could invest their employees' money on low risk investments, generating more revenue for the corporation. I don't know if this has been tried before, but with the Internet and online stores I don't see how it could not work (leaving the gov sperging out and people acting irrationally out of the equation.)
Pic unrelated
The main question is, why doesn't this exist? By "this" I mean the following: corporations that voluntarily retain their worker's salaries so they (the workers) can pay less income tax. What I mean by this is:
Suppose you got a worker that earns $1000 per month. His expenses are $100 for rent, $50 for groceries and $300 for other various stuff. After he gets paid, though, he needs to give away 10% of his monthly salary in income tax, thus another $100 go away and his total month expenses are $550. He saves the rest ($450.) Finally, after 12 months he will have $5400 saved up, tax-free money.
Now imagine if corporations could act like some sort of bank, where workers could have money associated to them, and they could buy anything through the corporation thus the money never becomes an income to the worker until he decides to pull out. Following the past example the worker's monthly expenses would only be $450 because he is not paying income tax, and thus he saves up $550. After 12 months he will have $6600 associated to him, and when he decides to pull out that money (assuming that the yearly tax properly scales with the monthly tax) he will pay 10% income tax on that, leaving him with $5940 tax-free money.
Meanwhile corporations could invest their employees' money on low risk investments, generating more revenue for the corporation. I don't know if this has been tried before, but with the Internet and online stores I don't see how it could not work (leaving the gov sperging out and people acting irrationally out of the equation.)
Pic unrelated
