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?

  • go_go_gadget@lemmy.world
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    1年前

    Yes write off rules get complicated fast. People generally agree with the very simple example I’ve given but all you have to do is ask “What if you bought a drill while building the fence?” and you’re gonna trigger a whole host of opinions.

    But I think sometimes people only see the complicated examples and think “write offs are a scam got it” so I think it’s important to provide an example where most people would generally agree it’s not. It helps people realize there’s some nuance to the discussion.

    That being said: Tax the fucking rich already.