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Joined 1 year ago
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Cake day: June 20th, 2023

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  • If you invest 80 million and make 80 million in return, it’s a wash, and you wouldn’t pay any taxes because you didnt make any money.

    You would have to invest 80 million in a movie, scrap it, and then 80 million in another movie, which goes on to make 160 million in order to have 80 million in profits to offset with an 80 million write off. This would result in a net $0 made for tax purposes.


  • you can’t just write off anything you want. You only get to write off certain things, but at the end of the day, a tax write off is just a tax deduction for how much you need to pay, in the same way any normal person paying their taxes does. Just like with personal taxes, you can just reduce your tax liability down to 0 if you get enough deductions.

    Corporations obviously work differently than for a normal person, but the same basic principle applies.

    Edit: i suppose i should clarify - You can take deductions for investment losses. Normal people can even do this. What you’re referring to would be a deduction along those lines, where you’re “writing off” a loss on your taxes. If you invest $100 in stock, and sell when the value is $50, you took a $50 loss, and can deduct those loses from your tax burden, because you’re required to pay taxes on 50 less dollars that year.







  • SSO is basically offloading your authentication to a trusted third party. Instead of having the user set up an account with a password in your system, you instead go “hey Google/Microsoft/okta/whatever, do you know this guy?”.

    In theory it doesn’t have to be an email address, just any sort of account with said third party, email is just usually the standard to go with.