Comment on What is a "tax write off"?
roguetrick@kbin.social 10 months ago
Going to add to this, the confusion comes from people saying something is a tax wire off as being a good thing. That confusion comes from the fact that a tax write off is essentially a "discount" compared to paying for something out of your own pocket post tax. You're essentially buying it for whatever percent cheaper you tax rate is. This is good if it's something that you gain value from, but bad if it's something like a wasted investment (though that gets complicated when you start actually assigning percentages to an investment's potential return as you hedge it, that's so far outside of my wheelhouse that it might as well be on the moon).