I respectfully disagree. By these arguments, literally every deduction from revenue to calculate taxable income is a "loophole". How far does that go?
What's more absurd than life itself is that you can deduct 100% of a 6000GVWR truck which you financed for 7 years, but my engineers salaries aren't deductible because I'm "building some product" so that's "development".
What's more absurd than life itself is that you can deduct 100% of a 6000GVWR truck which you financed for 7 years, but my engineers salaries aren't deductible because I'm "building some product" so that's "development".
I mean give me a freaking break.