Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
You’ve got some answers as to what specifically it is, but I’d like to chime in and remind everyone that the US tax system is maliciously complex and designed to fuck over people like you and me and help the obscenely wealthy.