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Tax Question comparison
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OntarioCanuck
Posted 2/20/2015 12:46 (#4400771 - in reply to #4400731)
Subject: RE: Tax Question comparison


North of London
That is the point.
After the farmer had deducted things the school employee is not allowed to deduct therefore getting a tax break on living expenses the farmer still had profit to pay tax on BUT other income that had been hidden or protected prior to that. so tax liabilities might be the same on 200,000 BUT the farmer actually had other income that he/she avoided tax on, an avoidance not available for the school employee.
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