Quote:
Originally Posted by Rochard
I don't mean to be picking on you... But I'm guessing that all of the above is a write off, right?
|
I don't think you understand what a 'write-off' is or how it works...
If someone donates 3 million dollars to feed starving children and 'writes it off' they don't get 3 million dollars back from the government. A write off doesn't diminish their generosity... it just means we don't throw a tax them on money they gave away as a kicker on top of their decision to be generous. If someone buys something for 10K and 'writes it off' they don't get 10K back from the government.