8 ms·
Personal income tax is more restricted but still works in a similar way. For example if I need to purchase a high-vis work outfit in order to do my job, that ex
by letstryagain 11y ago
Personal income tax is more restricted but still works in a similar way. For example if I need to purchase a high-vis work outfit in order to do my job, that expense is deductible.
- tgflynn 11y agoYou also need to purchase food, housing and clothes to perform your job but those expenses aren't usually deductible so I would say there's a double standard.
- Spivak 11y agoI would imagine most lawmakers would actually agree with you too if it wasn't difficult to distinguish bare minimum spending with nice but not absolutely necessary spending. Where do you draw the line between, "I need clothes to function as a human being", and "I buy clothes because I'm into fashion?" We could probably come up with some general fair-ish rules, but their effects on consumer spending might do more harm than they help.
- tripzilch 11y agoWhy is this less of a problem when a business buys nicer work clothing than strictly necessary, or nicer lunch than necessary?
- frame_perfect 11y agoI wonder how different things would be if these types of business spending were not tax-deductible. Maybe it would permeate into society at large.