eli5: Why can’t businesses right off all business activities on their taxes?

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If their costs are greater than the tax they pay, how come business can’t effectively pay 0 tax by righting off all these costs as a business expense?

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Anonymous 0 Comments

They do. There is a reason why Amazon isn’t paying tax. They have been operating at a loss for a very very long time. And those loss accumulates and carry forward so they can use that to deduct against tax income in the future

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