A subsidy is the same thing as a tax deduction

Question

Quizplus · Accepted Answer

A subsidy is a form of financial assistance given to businesses, individuals, or industries by the government to support or encourage a specific activity or behavior. On the other hand, a tax deduction is a reduction in the amount of tax owed by an individual or business due to specific expenses or situations, like charitable donations or business expenses. While both can result in a decrease in costs or expenses, they're not the same thing.

A Subsidy Is the Same Thing as a Tax Deduction