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As pointed out by a sibling comment, income is revenue, not profit. So it's as if a person who makes $100K got to write off the $85K they spent on rent and othe
by pessimizer 4y ago
As pointed out by a sibling comment, income is revenue, not profit. So it's as if a person who makes $100K got to write off the $85K they spent on rent and other expenses, and was fined half of the $15K they had left.
- lostlogin 4y ago> fined half of the $15K they had left. And then allowed to pay it over 25 years during a period of very high inflation. A year from now that debt is considerably smaller in real terms, even if they pay zero.