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[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (2 children)

Every American has the legal right to start their own business and take advantage of tax breaks that they don't know exist. The first year I started my business, I put a business card on the post office cork board to establish a presence, we got back $1300 dollars. If you just pay in, you're playing the elites' game. Help yourself instead. SCOTUS ruled that a small business only has to try to make a profit. It is not required, in spite of most people thinking that it is.

[–]Node 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Used to be you'd only get three years or so of failing to profit. I used to fly to tax seminars in the old days. Great fun.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's good for everyone that that made-up IRS guideline was overruled.