Re:Taxation of Carried Interest
by madeofpalk on Sunday June 10, 2018 @09:18AM
(#17277971)
Isn't this what we already do? For individuals, our income is more or less profits, which is what we're taxed on. You can claim deductions against your income for the expenses your occurred while getting that income.
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But for a company, they can claim taxes on expenses such as rent, but for an individual, they couldn't.
Re:Taxation of Carried Interest
by madeofpalk on Sunday June 10, 2018 @09:48AM
(#17278091)
Well rent isn't an expense directly occurred while earning income. It isn't a cost of doing business.
It's hard to do any business when you're homeless. Likewise you can't do any business while you're starving.
A company's rent for their office space is considered a business expense. That's what I'm proposing for individuals. Each person is an individual "business" selling their services on the open market. Every expense that is necessary for them to be able to do that should be deductible.