>>9076279You know what's betting than artificially creating losses? Investing your money in something that's actually profitable. Do the math. Suppose you have $100k and a 30% tax rate. You can invest in stocks to earn 10% or in something you know is going to tank and lose 80% of your money. With the stocks I have my initial $100k, plus the $10k profits, minus $3k in taxes. So, despite paying my taxes, I'm still up $7k. Next, try the intentional loss. I lose 80% of my $100k, so I have $20. My net result is $100k starting, minus $80k intentional losses, plus the $24k in taxes ($80k x 30%) I'll be saving for a net loss of $66k. Now would I rather have $107k or $44k? The only thing I agree with you about is that putting people on payrolls can be a cheeky way to give family money while deducting some of the expenses.
t. the ding-dong diddly dumbass who chose to become a shoot accountant
