NOL is far from a loophole while deducting used undies surely is.
I was about to say the same thing. What kind of loophole is used underwear, hmmm?
I just got through with our personal return, and I looked for every dime allowable. Not doing so would mean more for the greedily wasteful government. Not all of us have a pay to play scheme operating through the state department.
Trump should always bring this up, whenever his taxes are mentioned.
If the government provides s “loophole” then use it.
If the government cannot control loopholes, then the government needs yo simplify the code.
Simplify the code.
Simplify the code. Yes?
Or keep it difficult so people will have to continually rely on paid experts to figure out the yearly tax conundrum.
How about keeping the best interests of everyday common folks on mind and simplifying the tax code?