3 ms·

There are a few tax breaks for individuals, but many more for companies. They're called "business expenses" :). I wish I could deduct everything I required as a

by nvarsj 10y ago

There are a few tax breaks for individuals, but many more for companies. They're called "business expenses" :). I wish I could deduct everything I required as an individual (notably, there is no rent deduction for individuals).

tptacek 10y ago
There are enormous tax breaks for individuals. The mortgage interest deduction (which is an abomination), for instance, costs $70bn.
- ersii 10y ago
  I'd flip that around and say that's $70bn saved for people. It's not called a tax break for nothing. Why do you consider the mortgage interest deduction an abomination?
  - tptacek 10y ago
    Because it's hugely regressive.
    - ersii 10y ago
      Yes, that is how it works - which is not what I asked, unless that is the sole reason you think it's an abomination?
    - tormeh 10y ago
      Also, high home ownership causes NIMBYism and high leverage causes bubbles. It's hard to come up with a worse idea than mortgage interest deduction.