bripat9643
Diamond Member
- Apr 1, 2011
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A deduction lowers tax liability which is unrealized tax revenues.
My properties, cars, 1/10th of a G5 (and maintenance), limos, car service, communication devices, golf club memberships, and on, are all business expenses thus a subsidized write-off.
Let me make this simple, there is no such thing as unrealized tax revenues. You really should learn the difference between cash and accrual accounting so you don't look like a complete idiot.
Anytime someone uses a subsidy to reduce their taxes, that lost (unrealized) revenue has to be made up. It's that simple.
A business expense is not a subsidy.