A corporation that defers taxes and experiences a “loss” as we’ve been discussing may not have to pay those taxes at all - even if they were profitable when the taxes were initially levied.

If you are wealthy using loans, in lieu of selling assets and incurring capital gains taxes, to buy things is absolutely the way to go. And then in top of that, make sure you’re personally worth very little when you die so there’s little for the banks to take from your estate. That’s how the rich stay rich and get richer.

As far as recognizing future earnings, again, there’s the aforementiond deferral and writeoff, as well as banks not normally coming after wealthy/corporations for failure to pay on time. Yes, both rich and normal people get “future earnings” considered, but the consequences and benefits of how those future earnings are handled are wildly different mechanisms for both parties. Corporations might get a tax bill written off for a bad couple quarters, meanwhile a normal person losing their job and being unable to realize those “future profits” could face foreclosure. To make it equal, make the normal person’s loan payment recalculate every quarter based on projected earnings, let them defer some of a payment if they got a good bonus one quarter, and then allow them to completely not owe some payments at all ever if say they become unemployed for half a year or take a pay cut . That’s why it’s not the same thing. I’m trying to keep apples and oranges separate, one is a fiction generated for the corporations’ benefit, a paycheck or lack thereof is a hard reality for the normal people.