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>I would be curious to hear of an economy where business expenses were not deductible. ...This can get really non-trivial pretty quickly. Even in the US, the
by Enginerrrd 6y ago
>I would be curious to hear of an economy where business expenses were not deductible.
...This can get really non-trivial pretty quickly. Even in the US, the tax code doesn't let you deduct any expense. I would imagine that certain industries could get pretty tricky pretty quickly, and would affect the workable margin in some businesses more than others.
- Danieru 6y agoI agree, I cannot imagine a functional economy without such a tax policy. Yet instead of assuming none exist I asked.