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Well, in this case Epic and whoever benefits from these assets are taking the Taxpayer for a ride. So this is a “convenient” incentive to Epic and others who us
by banned1 9y ago
Well, in this case Epic and whoever benefits from these assets are taking the Taxpayer for a ride. So this is a “convenient” incentive to Epic and others who use these assets (as opposed to inconvenient, as when it happens with [company not relevant to the SV echo chamber]).
A) Epic closes Paragon down
B) Epic opens Paragon assets
C) Epic deducts Paragon losses from their earnings, saving on federal taxes
D) Companies that build assets based on these assets do so while getting a nice taxpayer-enabled corporate welfare check.
- pjc50 9y agoC) would happen regardless of the other items.
- banned1 9y agoMy understanding is that this happens when an asset is written off. I understand it would be either now [with the action], or over time [without this action]. Maybe a person with an accounting background can correct me so I can edit my comment. Thanks for bringing this potential issue up.
- throwaway2048 9y agopretty much all corporate expendature is tax deductable.
- banned1 9y agoSoftware is an asset that depreciates over time. It's not an expenditure in the sense of when one spends money on, say, a trip, which would become an instant expense.