Comment by anp
6 months ago
To head off the likely questions, I downvoted this comment because it is a gross misrepresentation of section 174 and the changes made to it.
6 months ago
To head off the likely questions, I downvoted this comment because it is a gross misrepresentation of section 174 and the changes made to it.
What have I grossly misrepresented? Or are you arguing that a tax rebate is not a subsidy? I haven’t even mentioned the changes made.
To start, rules for deductions aren’t tax rebates. Rebates also aren’t necessarily subsidies unless they’re targeted.
Deciding whether labor is a capital or operating expense and deciding how to depreciate it if capital is also not a subsidy.
Would you like a razor with which to better split hairs? Also, I don’t appreciate your blatant racism.