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Tax person out there?
- Thread starter Habanero
- Start date
My answer, no one "pays for it" in the sense that you assume another taxpayer pays for it. It is not something that requires being paid for.
In fact, the reason for the permitted deduction is that your business, by buying supplies, building factories, paying salaries, otherwise investing in the "economy" is so much more tax positive as a result of the benefits of not having to send the money to washington for whatever.
In fact, the reason for the permitted deduction is that your business, by buying supplies, building factories, paying salaries, otherwise investing in the "economy" is so much more tax positive as a result of the benefits of not having to send the money to washington for whatever.
Tex:
we are going to need help from a Real Tax person on this. I hear you.
I believe there are parameters but don't claim to know the specifics.
I presume the arguement might be like this: I take you out to lunch 4x at $60.00 buck a pop. $240.00 bucks so called itemized deduction. But those lunches led to you and I signing a deal for me to buy 6 million dollars worth of wigits from you. And because of this order, you had to expand your wigit factory and hire 100 new persons....
I may be way out there on this so take it as a grain of salt.
Oh and to editorialize: It is My Money, is it not? So the less I send to Washington, the smaller government is, the better.
we are going to need help from a Real Tax person on this. I hear you.
I believe there are parameters but don't claim to know the specifics.
I presume the arguement might be like this: I take you out to lunch 4x at $60.00 buck a pop. $240.00 bucks so called itemized deduction. But those lunches led to you and I signing a deal for me to buy 6 million dollars worth of wigits from you. And because of this order, you had to expand your wigit factory and hire 100 new persons....
I may be way out there on this so take it as a grain of salt.
Oh and to editorialize: It is My Money, is it not? So the less I send to Washington, the smaller government is, the better.