This is exactly right. This is why rich people don’t pay taxes, because everything can be written off in service of a company. But it can only be written off against the taxes collected on the gains of the company, so unless your company makes money, it doesn’t really make sense.
This is exactly right. This is why rich people don’t pay taxes, because everything can be written off in service of a company. But it can only be written off against the taxes collected on the gains of the company, so unless your company makes money, it doesn’t really make sense.