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It's an accounting 101 thing to use all tricks in the book to reduce the reported profit, to avoid paying taxes on that profit.
by bonoboTP 1y ago
It's an accounting 101 thing to use all tricks in the book to reduce the reported profit, to avoid paying taxes on that profit.
- smithkl42 1y agoInsurance companies vote with their feet. The practical reality is that if insurance companies are able to make money in a given state, they'll stay in that state. Insurance companies fleeing states like CA or FL in droves is a really good indication that the actual, hard reality on the ground is that they can't make money when the regulations are stacked against them. That's fine for insurance companies - they'll just go somewhere else - but it's really bad for the people who need insurance.