That’s not what a tax write-off is. The IRS didn’t give them any money. They just acknowledged that WB spent $30 million on something that was business related.
Literally every dollar that a business spends on itself to continue running is a “tax write-off”. The 165 million that Interstellar cost was also written-off against their taxes to reduce their tax burden. Businesses are taxed on their profits, not their revenue.
They got a tax write-off for spending money on their business, just like literally every business does. It’s just usually that spent money turns a profit so the net result is having to pay in to taxes.
Ah, irony.
‘Coyote Vs. Acme’: Warner Bros Shelves Finished Live-Action/Animated Pic Completely As Studio Takes $30M Tax Write-off
I hate the fact that you get tax writeoffs because you deny anyone the ability to view any media.
Since its essentially the taxpayers paying for a failed product, they should also be allowed to access it.
It’s technically owned by the IRS, and the people.
That’s not what a tax write-off is. The IRS didn’t give them any money. They just acknowledged that WB spent $30 million on something that was business related. Literally every dollar that a business spends on itself to continue running is a “tax write-off”. The 165 million that Interstellar cost was also written-off against their taxes to reduce their tax burden. Businesses are taxed on their profits, not their revenue.
They got a tax write-off for spending money on their business, just like literally every business does. It’s just usually that spent money turns a profit so the net result is having to pay in to taxes.
Yep. I think it’s the same thing with breweries having a beer turn out bad, so they have to pour it down the drain.