In terms of IRS attitude,what do the following expenses have in common?
Definitions:
Usury Law
Legislation that places a cap on the interest rates that can be charged on loans, intended to protect consumers from excessively high charges.
Interest Rate
The amount charged by lenders to borrowers for the use of assets, usually expressed as a percentage of the principal, influencing borrowing and saving behaviors.
Usury Law
Legislation that sets a maximum interest rate that may be charged on loans to prevent predatory lending practices.
Shortage
A situation where the demand for a product or service exceeds the available supply, often leading to higher prices.
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