How could Congress do that to us? You may recall that tax deductions are only deductible by
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Question:
How could Congress do that to us?
You may recall that tax deductions are only deductible by the legislative grace of Congress. After this lesson, you might have realized that Congress was pretty generous with the types of business expenses that are deductible. You may already be aware, or you'll soon see, that Congress was not so generous with the types of personal expenses that are deductible. Why do you think that is?
Why did Congress choose to treat business expenses and personal expenses so differently?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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