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Can't you get that? I can. In a different jurisdiction, but I bought tools that I need for my work, and write them off. The taxman hasn't protested. BTW, that
by Arnt 5y ago
Can't you get that? I can. In a different jurisdiction, but I bought tools that I need for my work, and write them off. The taxman hasn't protested.
BTW, that Netflix writes off things "more quickly than the equipment wears out and loses value" is probably at least incorrect. That equipment has to be servers, routers and switches, and replacing that well before seven years is conventional wisdom, even in places where the tax code suggests that seven years is appropriate.
- patentatt 5y agoIn the US, work expenses for W2 workers are pretty much fully phased out as of 2018.
- Arnt 5y agoI've no idea what W2 is... are you saying that if you, a person, buy a server, a switch and a router, you cannot write that cost off, but if Netflix buys that, it can? Or are you saying that the US has phased out depreciation for the kinds of expenses W2s typically have, while servers, switches and router can still be written off?