mastermind@lemm.ee to Technology@beehaw.org · 11 months agoRIP Twitter’s iconic bird logowww.theverge.comexternal-linkmessage-square146fedilinkarrow-up1382arrow-down10
arrow-up1382arrow-down1external-linkRIP Twitter’s iconic bird logowww.theverge.commastermind@lemm.ee to Technology@beehaw.org · 11 months agomessage-square146fedilink
minus-squareCan-Utility@beehaw.orglinkfedilinkarrow-up24·11 months agoAt this point it’s foolish not to consider this as possibly the greatest tax writeoff in history. Elmo is setting himself up to never pay another dime in taxes the rest of his life. Not that he probably pays that much as it stands, but still.
minus-squareroguetrick@kbin.sociallinkfedilinkarrow-up21·11 months agoYou can’t defer losses like this forever. You can throw your money in a fire, but in the end that’s not going to help you very much.
minus-squareCan-Utility@beehaw.orglinkfedilinkarrow-up8·11 months agoIANA tax attorney, and I’ve always had more time than losses, so I’ll defer to your wisdom 😅 I also didn’t claim he was smart …
minus-squarehh93@lemm.eelinkfedilinkarrow-up3·11 months agoBut you won’t save more tax with this that you lost money with it? How would this ever make sense especially given that inflation is a thing?
At this point it’s foolish not to consider this as possibly the greatest tax writeoff in history. Elmo is setting himself up to never pay another dime in taxes the rest of his life. Not that he probably pays that much as it stands, but still.
You can’t defer losses like this forever. You can throw your money in a fire, but in the end that’s not going to help you very much.
IANA tax attorney, and I’ve always had more time than losses, so I’ll defer to your wisdom 😅 I also didn’t claim he was smart …
But you won’t save more tax with this that you lost money with it?
How would this ever make sense especially given that inflation is a thing?