Comment on Why do big corporations get to claim losses, but small businesses can't?

deafboy@lemmy.world ⁨3⁩ ⁨months⁩ ago

IRS will audit you, and could deem you a hobby

Are there any negative consequences? I’d prefer to be downgraded to a hobbyist. Instead, the government has increased my taxes to around 70% of my yearly revenue. Social democracy, fuck yeah!

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