3 ms·
Wouldn’t this make all income tax avoidable? One simply needs to spend income received on capital assets (bigger house, fancy cars, yachts, etc).
by gnarlysasquatch 6y ago
Wouldn’t this make all income tax avoidable? One simply needs to spend income received on capital assets (bigger house, fancy cars, yachts, etc).
- deleted 6y ago[deleted]
- LorenPechtel 6y agoYeah, which is why it's a bad idea. The cost of living should be considered static (or possibly location-dependent), what should be fully deductible is the cost of making the money.