Dr.Henry_Killinger said:
Unless it is invested back into the corporation. This is the priciple of tax write offs. Members of the corporation put their money back into the corporation so it does not get taxed as personal income. This is why someone will buy a car with company money rather than their own because it will not be included in their own taxes. |
When I was a consultant in the 90s at a large Oil Company in the US. It was approaching tax time and one of the executive secrataries accidentally sent an email to the wrong distribution list. The email was detail to the executive level people how much they should include as benefits for use of company resources like planes, resorts, villas, etc. etc. They based the flights for instance on how much it would cost to fly discount commercial flights. So say it was $500 per person. Then the executive was supposed to declare say $2000 for his family of 4. One they were discount rates which a corporate jet isnt. Two they may declare $2000 of additional income, but that doesnt mean they paid $2000 more in tax it meant they paid the tax on the $2000. So back then the top rate was 35%. So they paid $700 for that $2000 discounted airfare.
Its libraries that sell systems not a single game.
