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There were a ton of stories around this in 2022 as a bunch of startups scrambled to make ends meet due to this bill taking effect.

It's not the first time many have heard about it.

“We are heavily subsidised by taxpayers” is not great optics.

To head off the likely questions, I downvoted this comment because it is a gross misrepresentation of section 174 and the changes made to it.

What have I grossly misrepresented? Or are you arguing that a tax rebate is not a subsidy? I haven’t even mentioned the changes made.

To start, rules for deductions aren’t tax rebates. Rebates also aren’t necessarily subsidies unless they’re targeted.

Deciding whether labor is a capital or operating expense and deciding how to depreciate it if capital is also not a subsidy.

Would you like a razor with which to better split hairs? Also, I don’t appreciate your blatant racism.