Apparently Warner Brother’s (and other’s of the same) can produce and shelve a movie, and use it as a tax write-off. So if my taxes can prop up an industry that has the ability to “conveniently” shelve their works, while recouping a bad investment…why aren’t their shelved movies “public domain”? We kinda paid for them the moment they became a write-off
If I paint on canvas, and decide to never even try and earn income from it; do I get to recoup my losses in supplies? Or does the “standard deductible” override my loss, and the tax-burden falls back (again) on the working class? Or I’m dumb and don’t understand taxes, so please enlighten me
Apparently Warner Brother’s (and other’s of the same) can produce and shelve a movie, and use it as a tax write-off. So if my taxes can prop up an industry that has the ability to “conveniently” shelve their works, while recouping a bad investment…why aren’t their shelved movies “public domain”? We kinda paid for them the moment they became a write-off
If I paint on canvas, and decide to never even try and earn income from it; do I get to recoup my losses in supplies? Or does the “standard deductible” override my loss, and the tax-burden falls back (again) on the working class? Or I’m dumb and don’t understand taxes, so please enlighten me
Nah son, I agree with you. We gotta simplify the tax code and get rid of tax write-offs. Business should be taxed on gross income, not net income.