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1. cogman+(OP)[view] [source] 2024-03-01 18:33:12
Taxes are payed on net income not on individual transactions (barring sales tax).

If I make $100 in a year and spend $1000 that year, my income is ($900). How can I spend $1000? Generally through loans and bonds. How do I secure said loans? Generally simply by showing how much VC and income comes in with a business plan that banks accept.

But that's the secret to the money flow. That's also partially why the collapse of SVB was such a blow to the tech industry. A LOT of loans were issued by them.

replies(1): >>guhida+Se
2. guhida+Se[view] [source] 2024-03-01 19:47:43
>>cogman+(OP)
Ok got it got it, I was thinking revenue == income, and not income == profit. My bad, financially illiterate I guess.
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