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Worst case in a few years they can write down 16 billion or some amount and they can lower their taxes. Effectively the government will pay for part of the purc
by samfisher83 10y ago
Worst case in a few years they can write down 16 billion or some amount and they can lower their taxes. Effectively the government will pay for part of the purchase.
- kgwgk 10y agoIn the same way that the government pays for part of your salary?
- samfisher83 10y agoMore like tax credits. For example you can buy an EV and knock some money off your taxes. For example supposed a company makes 5 billion they have a 30% tax rate. They would owe 1.5 billion. Supposed they bought a company for 6 billion. They realized next year hey the company is really only worth $1 billion. They write off the 5 billion which offsets the 5 billion profits so instead of the paying 1.5 billion in taxes they pay 0. So government basically ended up paying 25% of the purchase price.