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Sunday, July 12, 2020 3:02:58 PM
“Under U.S. Federal income tax law, a net operating loss (NOL) occurs when certain tax-deductible expenses exceed taxable revenues for a taxable year.[1] If a taxpayer is taxed during profitable periods without receiving any tax relief (e.g. a refund) during periods of NOLs, an unbalanced tax burden results.[2] Consequently, in some situations, Congress allows taxpayers to use the losses in one year to offset the profits of other years.”
https://en.wikipedia.org/wiki/Net_operating_loss
Remember: When you stack shit on top of shit you end up with shit.
$BYOC shoveling all the shit right onto the head of those who sold too soon waaaaa...reeee...scaaaaam
Did I cover them all?
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