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When a company spends money to continue its existence, such as rent, it is deducted from its taxable profit. When a person spends money to continue their exist
by seanflyon 12y ago
When a company spends money to continue its existence, such as rent, it is deducted from its taxable profit. When a person spends money to continue their existence, such as rent, it is not deducted from their taxable income. If people were taxed as corporations the median American would pay no taxes.