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by MrPowers
1909 days ago
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Yes, you as an individual can get tax credits. If you own foreign stocks, you pay foreign taxes and get a US tax credit for the foreign taxes paid. Or if you lose money on a stock (and realize the loss by selling), you get tax credits. Sounds like you're questioning the validity of the concept of a tax credit, a fundamental and necessary component of income taxation. Income taxation is economically inefficient, but if it's implemented, deductions / credits are vital. |
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