Hi, this is Wayne again with a topic “The Tax Rant.”.
Oh this, this is the best way to get a tax write off, can turn anything into a tax write off. Does labs exist solely as a tax rate? That is not how that works. A tax rate off doesn’t mean you didn’t, spend the money. If I get someone give me money, I give me a money, I’m going to give you guys a little lesson. This is a crisp fake, Benjamin. If I have paid all my other business expenses – and I make this money – I take it home or well – at least after the uh tax man takes his pretty close to 50 % cut.
Okay, I made 50 bucks, that’s great hold on a second. I have a business expense. This time I need to buy a filming slate, I’m going to spend that money that $ 50 is gone, but I’ve got this slate and I’ve still got 50 bucks.
That’S my Prof! Oh wait! I still pay taxes on the part that was profit. The only money that didn’t get taxed was the money that I spent on an asset that the business a separate legal entity now owns it’s not a way of making moreing money, and now I need another slate. Dang, it that’s: okay, I’ll just visualize a new one, virtual slate, ah much better. Now, it’s time to visualize a segue to our sponsor .
