3 ms·
People have this idea that there's something magical about "write-offs". In this case the rich person is spending $50 million dollars to save the tax on $75 mi
by itsoktocry 3y ago
People have this idea that there's something magical about "write-offs".
In this case the rich person is spending $50 million dollars to save the tax on $75 million? Makes zero sense.
- rufus_foreman 3y agoCosmo Kramer: It's a write-off for them. Jerry: How is it a write-off? Cosmo Kramer: They just write it off. Jerry: Write it off what? Cosmo Kramer: Jerry, all these big companies, they write off everything. Jerry: You don't even know what a write-off is. Cosmo Kramer: Do you? Jerry: No, I don't. Cosmo Kramer: But they do. And they're the ones writing it off.