Let's say you have to pay 30% tax on 800,000 of profit, so now you're 240k in th... | Hacker News

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		aarondf on April 18, 2023 \| parent \| context \| favorite \| on: Software firms across US facing tax bills that thr... Let's say you have to pay 30% tax on 800,000 of profit, so now you're 240k in the hole. That's your year one! If you don't survive to take the future deductions it's kinda moot right?

appking on April 22, 2023 [–]

Even worse for companies in high tax states like California, overall tax rate is closer to 40%.

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