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Yes. Prior to 1986 it seemed like everyone you knew had a money-losing chinchilla farm or something they could write off. If you tried to do that today the IR

by gozur88 11y ago

Yes. Prior to 1986 it seemed like everyone you knew had a money-losing chinchilla farm or something they could write off. If you tried to do that today the IRS would laugh at you.

MaysonL 11y ago
As opposed to the present, when there are no tax loopholes.
- gozur88 11y ago
  In relative terms, that is correct.