this post was submitted on 31 Oct 2023
1077 points (95.4% liked)

Technology

59598 readers
3320 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1077
One year after being bought for $44 billion, X is worth $19 billion (arstechnica.com)
submitted 1 year ago by [email protected] to c/[email protected]
186 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 1 points 1 year ago (1 children)

Whether a multi-year or single-year write-off, it's still coming off taxable income, not taxes owed.

That truck doesn't become free. If your tax rate is 25% and you manage to write it off at 100%, you saved 10 grand in taxes. Which is nice if you need the truck, but if you don't actually need it you've actually wasted $30,000.

[โ€“] Saledovil 1 points 1 year ago

That's pretty much what I've been saying.