05-21-2008, 07:34 AM
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#24 (permalink)
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Easy Rider
Location: Moscow on the Ohio
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Quote:
Originally Posted by loquitur
Rekna, what you just described is tax fraud. That's an enforcement issue, not a loophole issue.
There are very legitimate business expenses that are not loopholes - and if you eliminated them, the people who would suffer are the ones who work in restaurants and hotels. I do a lot of business over lunch, and I travel a bit for business. Yes, I treat those as business expenses; it does lead to business and more economic activity. I understand there are some people who begrudge others the "glamour" of living out of a suitcase alone in a strange city, but it's hardly a loophole (especially if the strange city is, say, Youngstown, OH or Flint, MI or Bristol, TN).
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Perhaps individuals should be allowed to pay taxes only on what is left over after expenses like businesses?
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