How much of corporate write-offs for debt could be eliminated

[Skidmore]

when it comes to taxes and be reasonable for business? Seriously, Joe Six-Pack is only allowed to take the interest on his mortgage and not much else beyond other taxes.

[papau]

1. Long term corporate debt is in effect working capital with a tax

deduction for interest - a contrast to a stock sale and the lack of a deduction for paying stockholder dividends. Given the tax on interest earned it seems fair. An individual gets an interest paid deduction for investments financed by debt - at least they did the last I looked.

Writing off bad debt is a a corporate need, although the individual can not do so for wage income.