• Reawake9179@lemmy.kde.social
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    6 months ago

    And you still have the value, nobody takes it away from you and you propably can sell it without loss which makes it still a good deal.

    • chiliedogg@lemmy.world
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      6 months ago

      Of course it’s better than not having the write-off. But it’s not like it’s free.

      Business expenses aren’t profit so they aren’t taxed because it’s money you didn’t actually make.

      Since most businesses operate on a small margin, removing tax deductions would make tax burdens higher than profits.

      And it’s not like that camera lens isn’t being taxed. I’m buying it from a company that pays taxes on its profits and payroll and whose employees pay taxes, and on top of that I’m paying sales tax (to a different entity of course).