4 ms·
Isn't it likely the person who lost the $20 bill already paid tax on it?
by makemoniesonlin 8y ago
Isn't it likely the person who lost the $20 bill already paid tax on it?
- hippich 8y agoas well as employer, who paid tax on that $20 to the person who lost it as well as person who found it, who paid tax on that $20, who paid employer for service, who paid person who lost it this could be non stop recursion :)
- jmalicki 8y agoThere's no rule that says only one person pays income tax. For example: 1) You make $20 from employment, and pay $5 income tax. 2) I sell you a sandwich for $15. I still owe income tax for the money I made selling you a sandwich, even though you already paid tax.