4 ms·

define “strange” - perhaps by identifying something in my statement that is factually incorrect? Or do you agree with the statement and wish the world was diffe

• bruce511 4y ago
  "strange" might be the wrong word. I mean in the sense that it feels like you're suggesting that "offsetting expenses" makes it better. When it makes it worse. [1]. So in answering the question "is this taxable income" - the answer is "yes". If you wanted to qualify it more it would be more along the lines of "not just tax, there's likely a lot of other expenses incurred as well." [1] Yes, it's better in the pure sense that there's "less tax", but overall there's more expenses than the tax that was saved.
  • theonething 4y ago
    You're putting a lot of words in their mouth that they didn't say. Their original statement was perfectly valid; the business probably has losses they can use to offset the tax liability. That's all they said. They didn't make any further judgements about whether that was overall better or worse.
    • bruce511 4y ago
      You are correct, I was inferring a lot. Perhaps too much - I apologise for that. I guess the reply seemed strange to me because it started the thought, and then kinda didn't complete it. The post could have just said "yes", or could have mentioned the additional costs and explained that taxes were not the only likely overhead. But (it read to me) like the thought was incomplete, or was somehow implying the expenses were a good thing. Clearly though I misunderstood it - my bad.