Apple Announces App Store Small Business Program

(www.apple.com)

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karolkozub ◴[18 Nov 20 11:30 UTC] No.25135615[source]▶

Wow. That's amazing. That's a 20% increase in revenue for those eligible. I'm guessing they decided the increased value of their products from more smaller developers creating apps for the platform is greater than the lost revenue.

If I understand correctly though, since it's a hard cutoff it creates this gap between 1m and ~1.2m where you're actually worse off by making more money pre-tax.

   999k --[-15%]--> 849k
  1000k --[-30%]--> 700k
  1213k --[-30%]--> 849k

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1. Heliosmaster ◴[18 Nov 20 12:46 UTC] No.25136134[source]▶

>>25135615 #

it's exactly like the freelancer tax brackets in Italy. Everybody jumping through hoops (and or not declaring stuff) to remain under the threshold of 60k/year (was 30k/year). Otherwise tax rate doubles.

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2. 101008 ◴[18 Nov 20 12:50 UTC] No.25136163[source]▶

>>25136134 (TP) #

Same in Argentina, sadly :-(

I would like if there is any solution to this other than to apply the same percentage to all income.

replies(1): >>25136251 #

3. photonios ◴[18 Nov 20 13:01 UTC] No.25136251[source]▶

>>25136163 #

This is fixed in most countries by creating brackets that stack. See: https://en.wikipedia.org/wiki/Progressive_tax

You'd pay let's say 15% over the first 30k, and then 30% over the remainder.

4. mkl ◴[18 Nov 20 13:10 UTC] No.25136332[source]▶

>>25136134 (TP) #

Really? It's not progressive [1]? This page suggests it is: https://taxsummaries.pwc.com/italy/individual/taxes-on-perso... (Yes, this is a foreign third party so may be wrong; I can't read Italian.)

[1] https://en.wikipedia.org/wiki/Progressive_tax (See the Computation section for how the higher rates only apply to the higher portions of a person's income, with their lower portions taxed less.)

replies(1): >>25136556 #

5. neuronic ◴[18 Nov 20 13:27 UTC] No.25136465[source]▶

>>25136134 (TP) #

In Germany we have "cold progression", so stacking tax brackets. If you earn 35.000€ it's something like (random numbers):

0-9000€ [0%] -> 0€

9000-20.000€ [10%] -> 1100€

20.000-40.000€ [15%] -> 3000€

Total = 4400€

So if you're in the 15% bracket you pay 4400€ which is actually 12.5% in total, and not 5250€ (15%) as some people seem to believe.

replies(1): >>25136882 #

6. benhurmarcel ◴[18 Nov 20 13:39 UTC] No.25136556[source]▶

>>25136332 #