It’s a write off if they donate that money to a foundation which they lead and can use the resources of. I agree though, that write-off is often used to mean so

It’s a write off if they donate that money to a foundation which they lead and can use the resources of. I agree though, that write-off is often used to mean some magical tax loophole though. The former case is very interesting for a lot of rich people though. You can even leave your children in charge to pass the budget to them to use.