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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.

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.