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People seem to think that the government simply gives you money for things you decide to “write off”. They completely fail to understand how companies end up wi
by SkyPuncher 3y ago
People seem to think that the government simply gives you money for things you decide to “write off”. They completely fail to understand how companies end up with a tax burden (essentially by making money) and these write offs can only reduce the amount owed.
It’s really not much different than the “standard deduction “ most people take on their taxes. It reduces your tax burden, but you have to have income to have a tax burden.