>We could say there are no deductions, ever. Every dollar earned is taxable. No, you couldn't. The very point of deductions is that deducted costs are not earn

>We could say there are no deductions, ever. Every dollar earned is taxable. No, you couldn't. The very point of deductions is that deducted costs are not earned dollars. If you can't deduct cost of doing business, all taxation reverts to taxing sales, and the economy is really very, very different from now. No one has ever got that to work, anywhere.