Two guarantees in life.
Death & Taxes
Unless you are Santa Claus.
I mean, I have not heard of Santa’s elves filling out any 1099’s for their consulting. Filing any injury reports for elves who hurt themselves on the job. Or maybe there is an underperforming elf and, the organization decides to make a change and performance manage the poor little elf into a new life role outside of the Santa’s Workshop™.
What would you tax him on? Assuming he does not have an income and his toys are made from naturally occurring products at the North Pole, do we tax him on his gift output and assume he is interrupting the market because he is providing a free service on products that other companies charge for?
Or is Santa financed by playing the market and we should tax the capital gains of his investment portfolio and he uses the proceeds from his investment portfolio to finance Santa’s Workshop™.
How about death? Does Santa live forever?
This is a thought experiment, applying the mundane to the fantasy. What else can you experiment with today?