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> Just because Kramer didn't know the process behind writing things off, doesn't mean that there isn't a real process and it isn't being used in this case. I'm
by sosborn 6y ago
> Just because Kramer didn't know the process behind writing things off, doesn't mean that there isn't a real process and it isn't being used in this case.
I'm not saying it isn't a real process. I'm saying it isn't magic. Reducing your taxable income by $1,000 doesn't mean you save $1,000.
- monocasa 6y agoI never said it did. But marking your engineers' spare time as donated since your contract owns everything they produce anyway, and selling chips at cost and marking the profit as a donation when you were probably going to take a loss on them does in fact net you ahead.