12-28-2011, 09:34 PM
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#10
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pimping hoes + clocking a grip
Join Date: Jan 2006
Location: KCMO
Casino cash: $9977569
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Quote:
Originally Posted by Saul Good
If you pay for it, and it's a legit business expense, you can deduct what you paid from your annual earnings. (If you earned $30,000 and paid $100 for it, you would pay tax on $29,900 worth of income.) That's different than getting it for free. You just wouldn't pay income tax on the money you spent on the business expense.
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I see. Thank you.
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Posts: 6,302
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