Comment on Why do big corporations get to claim losses, but small businesses can't?
False@lemmy.world 2 weeks agoThe IRS wants to encourage productive economic activity. Letting businesses deduct expenses can mean that later they end up employing people who buy stuff and themselves pay taxes.
Also cottage industries that barely pay for themselves are very inefficient and governments usually want to discourage them so you’ll do something more economically productive with your time.
snooggums@midwest.social 2 weeks ago
The IRS does not write tax laws.
Trickle down economics never works.
FireTower@lemmy.world 2 weeks ago
Under the Administrative Procedures Act they get to create rules to interpret the law. Which enables non elected officials who work there to make changes to how laws are implemented to meet their understanding of best policy.
www.regulations.gov/search?agencyIds=IRS&filter=D…