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

businesses pay taxes on their profits. If their expenses are greater than their revenue, then they don’t have any profits to pay taxes on. However, you can’t operate indefinitely without making a profit

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