Uber has never once turned a profit, and is allowed to continue running their business. If you’re a small business owner running an ebay or ecom business, and you claim losses for 3 out of 5 years in a row, it’s likely that the IRS will audit you, and could deem you a hobby. Amazon is often cited as not generating a profit for many years, but is now profitable. For them, it was somehow okay to run a business making no profit! So like, how come small businesses can’t claim losses, but big corps can?
Well, I fell into a bracket that’s taxed (it’s not officially called a tax, but that’s what it is) by a certain fixed minimal amount. Thanks to my total revenue being relatively low, it makes an absurd amount percentage-wise.
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