this post was submitted on 11 Feb 2024
125 points (95.6% liked)

No Stupid Questions

35762 readers
647 users here now

No such thing. Ask away!

!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.

The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:

Rules (interactive)


Rule 1- All posts must be legitimate questions. All post titles must include a question.

All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.



Rule 2- Your question subject cannot be illegal or NSFW material.

Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.



Rule 3- Do not seek mental, medical and professional help here.

Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.



Rule 4- No self promotion or upvote-farming of any kind.

That's it.



Rule 5- No baiting or sealioning or promoting an agenda.

Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.



Rule 6- Regarding META posts and joke questions.

Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.

On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.

If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.



Rule 7- You can't intentionally annoy, mock, or harass other members.

If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.

Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.



Rule 8- All comments should try to stay relevant to their parent content.



Rule 9- Reposts from other platforms are not allowed.

Let everyone have their own content.



Rule 10- Majority of bots aren't allowed to participate here.



Credits

Our breathtaking icon was bestowed upon us by @Cevilia!

The greatest banner of all time: by @TheOneWithTheHair!

founded 1 year ago
MODERATORS
125
submitted 9 months ago* (last edited 9 months ago) by [email protected] to c/[email protected]
 

Let's say that I have this one movie that is finished that I spent 80 million to make. I decided to "write it off". So when I get to pay my taxes, do I get a 80 million discount?

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 19 points 9 months ago* (last edited 9 months ago) (1 children)

you can't just write off anything you want. You only get to write off certain things, but at the end of the day, a tax write off is just a tax deduction for how much you need to pay, in the same way any normal person paying their taxes does. Just like with personal taxes, you can just reduce your tax liability down to 0 if you get enough deductions.

Corporations obviously work differently than for a normal person, but the same basic principle applies.

Edit: i suppose i should clarify - You can take deductions for investment losses. Normal people can even do this. What you're referring to would be a deduction along those lines, where you're "writing off" a loss on your taxes. If you invest $100 in stock, and sell when the value is $50, you took a $50 loss, and can deduct those loses from your tax burden, because you're required to pay taxes on 50 less dollars that year.

[โ€“] [email protected] 1 points 9 months ago

Personally I think it's all bullshit. We should be able to write off so much shit as regular people but can't.

Sure, maybe I make $60,000 a year, but I also spend $5000 in gas to commute to work, $4000 a year in car payments for a vehicle that I primarily use to commute to work, $2000 a year in insurance for said vehicle, and maybe $1000 a year for repairs for said vehicle.

Who's going to let me write off $12,000 a year for the privilege of getting to my job?