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Apple Announces App Store Small Business Program

(www.apple.com)
830 points todsacerdoti | 3 comments | 18 Nov 20 11:04 UTC | HN request time: 0.67s | source
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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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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.
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1. mkl ◴[18 Nov 20 13:10 UTC] No.25136332[source]▶
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.)

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2. benhurmarcel ◴[18 Nov 20 13:39 UTC] No.25136556[source]▶
He's talking about freelance people. This link is for employees.
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3. mkl ◴[18 Nov 20 20:45 UTC] No.25142221[source]▶
Oh. I'm surprised that makes a difference.