Uber has never once turned a profit, and is allowed to continue running their business. If you're a small business owner running an ebay or ecom business, and you claim losses for 3 out of 5 years in a row, it's likely that the IRS will audit you, and could deem you a hobby. Amazon is often cited as not generating a profit for many years, but is now profitable. For them, it was somehow okay to run a business making no profit! So like, how come small businesses can't claim losses, but big corps can?

you are viewing a single comment's thread
view the rest of the comments
[–] 0 points 2 years ago (1 child)

The IRS does not write tax laws.

Trickle down economics never works.

  • source
  • parent
  • hideshow 1 child comment