Chat

[07-30 23:06] [Chat] Am: instead, the one losing 200,000 gets no tax write off against any other subsidiary or the corporate controlling company.
[07-30 23:06] [Chat] Icewolfz: batgirl was 99% done but they decied to shelf it for a tax break
[07-30 23:07] [Chat] Am: and if it loses money 3 years in a row, or 5 out of 6 or 9 out of 10 years, license revoked for tax fraud
[07-30 23:07] [Chat] Icewolfz: i think you should not beable to write off using other business each one should account foft its own
[07-30 23:07] [Chat] Icewolfz: probably wont ever happy to many lobbiest
[07-30 23:07] [Chat] Am: we have a small time guy here doing this on the somewhat micro scale
[07-30 23:08] [Chat] Am: he owns a duplix
[07-30 23:08] [Chat] Am: and 2 lots that sell cars
[07-30 23:08] [Chat] Icewolfz: poeple will aalways d oit
[07-30 23:08] [Chat] Am: all are under his small business
[07-30 23:08] [Chat] Icewolfz: yeah make 1 main business to control then sub buessines to shift money around
[07-30 23:08] [Chat] Am: one of the car lots has no cars for 2 years and he has that called carlot1 and pays his $500,000 draw from it.
[07-30 23:09] [Chat] Icewolfz: granted it be good like reasearch and dev that tends to alwyas be a loss but it can result in big gains in future
[07-30 23:09] [Chat] Am: after 2 years, he moves the cars to lot #2 and loses money on lot #2 and pays himself $500k from that lot
[07-30 23:10] [Chat] Icewolfz: happens
[07-30 23:10] [Chat] Icewolfz: unless ther are laws it wont change
[07-30 23:10] [Chat] Am: after writing down the losses from each lot, neither business nor himself pay much if any tax at all
[07-30 23:10] [Chat] Icewolfz: and evn then i doubt it would change
[07-30 23:10] [Chat] Am: that's the micro version of the Google or other big tech cheat
[07-30 23:10] [Chat] Icewolfz: yeah
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ShadowMUD

17:20, Flameday, Denki 8, 222 AD.

[07-30 23:06]	[Chat]	Am: instead, the one losing 200,000 gets no tax write off against any other subsidiary or the corporate controlling company.
[07-30 23:06]	[Chat]	Icewolfz: batgirl was 99% done but they decied to shelf it for a tax break
[07-30 23:07]	[Chat]	Am: and if it loses money 3 years in a row, or 5 out of 6 or 9 out of 10 years, license revoked for tax fraud
[07-30 23:07]	[Chat]	Icewolfz: i think you should not beable to write off using other business each one should account foft its own
[07-30 23:07]	[Chat]	Icewolfz: probably wont ever happy to many lobbiest
[07-30 23:07]	[Chat]	Am: we have a small time guy here doing this on the somewhat micro scale
[07-30 23:08]	[Chat]	Am: he owns a duplix
[07-30 23:08]	[Chat]	Am: and 2 lots that sell cars
[07-30 23:08]	[Chat]	Icewolfz: poeple will aalways d oit
[07-30 23:08]	[Chat]	Am: all are under his small business
[07-30 23:08]	[Chat]	Icewolfz: yeah make 1 main business to control then sub buessines to shift money around
[07-30 23:08]	[Chat]	Am: one of the car lots has no cars for 2 years and he has that called carlot1 and pays his $500,000 draw from it.
[07-30 23:09]	[Chat]	Icewolfz: granted it be good like reasearch and dev that tends to alwyas be a loss but it can result in big gains in future
[07-30 23:09]	[Chat]	Am: after 2 years, he moves the cars to lot #2 and loses money on lot #2 and pays himself $500k from that lot
[07-30 23:10]	[Chat]	Icewolfz: happens
[07-30 23:10]	[Chat]	Icewolfz: unless ther are laws it wont change
[07-30 23:10]	[Chat]	Am: after writing down the losses from each lot, neither business nor himself pay much if any tax at all
[07-30 23:10]	[Chat]	Icewolfz: and evn then i doubt it would change
[07-30 23:10]	[Chat]	Am: that's the micro version of the Google or other big tech cheat
[07-30 23:10]	[Chat]	Icewolfz: yeah
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