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From George G and brought to you by gary
From the "Fair is Fair Department"...
So I'm thinking about the latest Supreme Court decision that gives Corporations the same rights as individual persons, referring to the no cap limit on buying Congressmen and Senators for fun and profit. Now, can I also then interpret that decision to go the other way also - would that also be able to read, if Corporations have the same rights as individual persons, then do individual persons have the same rights as Corporations?
If that passes the 'logic test' then it could also be said we, as individual persons, should be able to have all the same rights as Corporations as far as claiming certain 'income' as either a gain or loss, correct? That means we should be able to deduct additional expenses that didn't qualify before the latest decision.
Take for example various Corporations that slapped individual persons with 'energy surcharges' because prices of energy went above what was budgeted so the extra cost was passed on to individual persons. I for one can say the extreme energy cost increases, ex. PPL jumping ~340% January 1, should qualify for a deduction in the increased cost since we as individual persons did not receive an 'income increase' to offset this additional unforeseen expense... Well, you get the idea.
Comments...? I wonder if it would fly since I believe there is nothing in the Infernal Revenue Dis-Service code that would take this latest law change into account... (Strike while the iron is still warm...?)
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