ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
Business loss should not be able to be used against personal income though. Business income and business taxes and business expenses for executives is a whole other can of worms, but that shouldn’t affect “income” and tax offsets.
Business loss should not be able to be used against personal income though. Business income and business taxes and business expenses for executives is a whole other can of worms, but that shouldn’t affect “income” and tax offsets.