←back to thread

Apple Announces App Store Small Business Program

(www.apple.com)
830 points todsacerdoti | 2 comments | 18 Nov 20 11:04 UTC | HN request time: 0.401s | source
Show context
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
replies(14): >>25135653 #>>25135718 #>>25135799 #>>25135851 #>>25135904 #>>25135909 #>>25135932 #>>25136134 #>>25136212 #>>25142912 #>>25143337 #>>25146299 #>>25147078 #>>25154797 #
Heliosmaster ◴[18 Nov 20 12:46 UTC] No.25136134[source]▶
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.
replies(3): >>25136163 #>>25136332 #>>25136465 #
1. 101008 ◴[18 Nov 20 12:50 UTC] No.25136163[source]▶
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 #
2. photonios ◴[18 Nov 20 13:01 UTC] No.25136251[source]▶
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.