Income != profit. Income is revenue. It sure would be nice if businesses were taxed on income, given that’s how people are taxed and all. Aren’t corporations supposedly people now thanks to citizens united?
You're mistaken. Income is net of expenses. https://www.investopedia.com/ask/answers/122214/what-differe...
You're mistaken. Income is net of expenses. https://www.investopedia.com/ask/answers/122214/what-differe...