Why are business expenses deductible from income, but someone’s basic living expenses aren’t deductible from personal income?

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Why are business expenses deductible from income, but someone’s basic living expenses aren’t deductible from personal income?

In: Economics

22 Answers

Anonymous 0 Comments

Because most businesses at in LLC, corp, etc.

It’s to incentives business growth.

Source: I have stake in a few businesses.

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