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The sellers can write it off as a loss. It’s a way to avoid paying taxes
by kashnote 2y ago
The sellers can write it off as a loss. It’s a way to avoid paying taxes
- nazcan 2y agoWhat does this mean? You don't get to write off the difference between your "target price" and actual sale price. And a reminder that companies always do better if they make more money, not point in purposeful losses (unless you are getting a side benefit like goodwill from charity).
- chneu 2y agoI think, but am not sure, the point they're trying to make is that hospitals and insurance companies can "charge" really high prices and then they can forgve those high prices in exchange for a tax break? That's not at all how it works so they don't have any idea what they're talking about. This is like when people say businesses can "write it off on their taxes". Only people who don't know what that really means say it.
- deleted 2y ago[deleted]
- sincerely 2y agoThis is you: https://www.youtube.com/watch?v=XEL65gywwHQ https://www.youtube.com/watch?v=XEL65gywwHQ