3 ms·
Doesn’t the write off just reduce your taxable earnings by $40million? Are you saying that their tax bill will actually go down by that much instead of some fra
by heyoni 3y ago
Doesn’t the write off just reduce your taxable earnings by $40million? Are you saying that their tax bill will actually go down by that much instead of some fraction of it?
- add-sub-mul-div 3y agoThe actual budget of the movie was higher than $40m. This is just the number that's been reported as the net value of the writeoff. But I have no real info, it's possible this has been reported vaguely, incorrectly, or based on rumor.
- heyoni 3y agoSorry I was asking about how taxes worked. Your comment made it sound like they can subtract $40million off of their tax bill because they lost that much to this movie but maybe you didn't mean that. I imagine the write off means their revenue is considered to be $40 million less and so they're taxes on a lower number, meaning selling a movie for $40million could still be worth it.
- add-sub-mul-div 3y agoI've seen people running with the assumption that it's a net $40m gain for the studio, but that could be incorrect.