DraconicSunRemember, living wages is less expensive than this!
https://piefed.social/c/memes/p/1975904/remember-living-wages-is-less-expensive-than-this
slazer2auDepends.
The warehouse operator will claim it on Insurance so they are not out of pocket.
Insurance will sue the person who started the fire and can never pay off the debt so the debt will be written off after a decade of near to no payments and get a healthy tax deduction for it.
The only person to loose out will be the workers who are now out of a job, the tax payer who receives less taxes paid due to the write off and the loss of sales tax.
Jesus Christ I’m tired of people not understanding what a write-off is.
It’s not a magic spell that makes things free. It’s a reduction in taxable income, not a tax bill. If your tax rate is 20 percent and you write off a $100 loss, your tax burden is reduced by $20, resulting in a net loss of $80.
It’s almost as daft as people thinking they’ll lose out by going into a higher tax bracket
starman2112The average American cannot comprehend the complexity of different portions of their income being taxed at different rates. I’ve met a guy who turned down a $0.50 raise because it would him just past the next tax bracket