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by mindslight
596 days ago
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None of that is really a show stopper when talking about an overhaul of the tax system and what it targets. Speaking of taxing revenue instead of profits, that's another reason the current tax regime is so galling (at least speaking from a USian perspective). Individuals essentially are taxed on revenue and can't deduct things that would otherwise be straightforward deductions in a business context, as necessary and proper expenses required to earn that revenue. |
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