Comment on Warner Bros. Shelves John Cena's 'Coyote vs. Acme', Despite Having Finished Filming

• Skullgrid@lemmy.world ⁨1⁩ ⁨year⁩ ago

  If they get a % based on income/profit/whatever they get a % of 0, which is 0.

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  • schmidtster@lemmy.world ⁨1⁩ ⁨year⁩ ago

    You get a write off… if you spend $200 million and wrote it off, now you have $200 million that you don’t need to pay taxes on next time.

    Your answer shows you have zero understanding of how taxes work.

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    • stevehobbes@lemmy.world ⁨1⁩ ⁨year⁩ ago

      You’re saying the same thing. But it’s stupid to think like this either way.

      Everyone pretends that write offs/loss carry-forwards are some dark magical thing that’s good for business.

      It’s not, they’re terrible, it’s just less terrible than not being able to do it.

      No one wants to write things down or take losses when they don’t have to.

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      • schmidtster@lemmy.world ⁨1⁩ ⁨year⁩ ago

        No… people get paid unlike the original comment that I was correcting, and it’s not zero percent like the response to me. They will get the tax rate for their state and federal level and that amount say 30% of that 200 million would go against their profit.

        It’s a shitty loophole, but people are getting paid and it’s not 0%

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