ST Alpha - "So what country would you like to compare it to? Every country outside of Central America allows carryovers of losses. " (Reading a Post)

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In response to "Or,to put it another way, it's bullshit and a fucking tragedy that it's not an actual crime. Also rationalizing it is why we can't have nice things" by TWuG

So what country would you like to compare it to? Every country outside of Central America allows carryovers of losses.

Posted by spamlet Sep 27 '20, 14:49

The US rules on losses are now more strict than most of the rest of the world in how they are used.

Business expenses are also deductible from every single income tax regime in the world. That’s why it’s an income tax.

You can rail how evil we are but it’s in line with the rest of the world, even the beloved Nordic states.

Responses:

"Everybody allows it" is not the argument you think it is. -- nm - TWuG Sep 27, 14:50 4
- It’s a fact, not an argument. -- nm - spamlet Sep 27, 14:56 3
  - Your facts are ruining my very strongly held opinion. -- nm - Strongbad Sep 27, 15:36 1
    - "It's perfectly legal" isn't the best way to argue against "it's immoral and a travesty and shouldn't be legal" -- nm - TWuG Sep 27, 15:45
  - And my point is the fact is stupid and needs to go away regardless of how widespread it is. -- nm - TWuG Sep 27, 14:59

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So what country would you like to compare it to? Every country outside of Central America allows carryovers of losses.

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