411
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 25 Apr 2024
411 points (93.3% liked)
Technology
59205 readers
3071 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
And you still have the value, nobody takes it away from you and you propably can sell it without loss which makes it still a good deal.
Of course it's better than not having the write-off. But it's not like it's free.
Business expenses aren't profit so they aren't taxed because it's money you didn't actually make.
Since most businesses operate on a small margin, removing tax deductions would make tax burdens higher than profits.
And it's not like that camera lens isn't being taxed. I'm buying it from a company that pays taxes on its profits and payroll and whose employees pay taxes, and on top of that I'm paying sales tax (to a different entity of course).