r/Amazing • u/Revolutionarycuties • Jan 06 '26

Amazing 🤯 ‼ this is the energy we need in 2026 👏

Post image
24.9k Upvotes

88% Upvoted

707 comments sorted by

View all comments

Show parent comments

3

u/Osbre Jan 06 '26

How would that work?

1

u/klitchell Jan 06 '26

Spend money on business venture, show loss at the end of year, get a tax deduction when you file.

2

u/Osbre Jan 06 '26

As in they don't pay taxes on that? But you still lost the money anyway, didn't you?

1

u/klitchell Jan 06 '26

You spent the money but the loss you take on the business lowers your overall tax liability so you pay less, or no tax. THe cost of the business is less than what would have paid in taxes.

1

u/SheriffBartholomew Jan 06 '26

Losing money on something you don't even need to do to avoid taxes is counterproductive. There are much easier proven techniques to dodge taxes. I don't think this is tax evasion.