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

Business expenses are expenses you had to generate your income, living expenses are not. You’d still need some place to live and you’d still need to eat even if you didn’t have an income.

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