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[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
[07-30 23:11] [Chat] Icewolfz: granted it can be used for good like offseting haevy cost of reseraching new stuff
[07-30 23:11] [Chat] Am: they can write down losses from one sub to nullify profits from another.
[07-30 23:11] [Chat] Icewolfz: but there always those that abuse it
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ShadowMUD

03:06, Darkday, Ketralki 19, 224 AD.

[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
[07-30 23:11]	[Chat]	Icewolfz: granted it can be used for good like offseting haevy cost of reseraching new stuff
[07-30 23:11]	[Chat]	Am: they can write down losses from one sub to nullify profits from another.
[07-30 23:11]	[Chat]	Icewolfz: but there always those that abuse it
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