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Palworld Dev Says Massive Profits Are ‘Too Big for a Studio With Our Size to Handle’ (www.ign.com)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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[–] [email protected] 196 points 1 year ago (38 children)

Could he not use the excess profits to pay the employees a massive bonus for the success that they created?

[–] [email protected] 6 points 1 year ago (21 children)

Windfalls like this cannot be taking lightly and need to be approached strategically. It depends heavily on tax laws and employee finances overall.

Some common got rich quick concerns off the top of my head: Could accidentally knock people into a higher tax bracket and ruin their finances long term for short term gain. Could accidentally give someone collateral to take out a massive loan they cannot afford long term. Could make someone in a low income area a target before they have a chance to move out. Could accidentally get double taxed by doing the payout incorrectly because they're not practiced with handling this much money. Could overinvest it all back into the company and burn too brightly negating all their success. Doing nothing and simply using it as cash reserves is better than making a foolish mistake and ruining it for themselves.

[–] borf 117 points 1 year ago* (last edited 1 year ago) (6 children)

These are all ludicrous.

Could accidentally knock people into a higher tax bracket and ruin their finances long term for short term gain.

This makes zero sense. Read up on how tax brackets actually work. Hitting higher tax brackets doesn't mean your existing income is taxed at the higher rate. No "ruining."

Could accidentally give someone collateral to take out a massive loan they cannot afford long term.

Wtf is this paternalistic BS. They could buy drugs or guns too!! 😱

Doing nothing and simply using it as cash reserves is better than making a foolish mistake and ruining it for themselves.

Nah. Pay people.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (2 children)

Posting US tax code like it's the only country in the world and using it as a basis to say something about a Japanese company could be construed as ludicrous, could it not?

And you choose drugs or guns for your example? Again, JAPAN.

Japanese bonuses are heavily taxed and highest salary periods can have big implications on how much one has to pay into the national pension system. The way taxes are paid in arrears can also very easily put people in difficult positions if they aren't financially responsible and happen to suddenly lose their jobs.