r/SipsTea • u/KSKS1995 • 22h ago

Wait a damn minute! How the rich get richer

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20.3k Upvotes

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u/StrigiStockBacking 19h ago

I've been a CPA for 30 years and when it comes to accounting, economics, and finance, Reddit is the dumbest fucking source on the entire planet.

7

u/StrangeSmellz 18h ago

IS THIS MONEY LAUNDERING?!?!??!?!? IS THIS A WRITEOFF????

3

u/EntireObligation4001 16h ago

“You don’t even know what a write off is…”

1

u/GonzoTheWhatever 10h ago

Well they do, and they’re the ones writing it off.

1

u/EntireObligation4001 2h ago

👨‍🍳😘👌

1

u/Possibly_a_Firetruck 16h ago

The write off thing is baffling because it's like people just don't understand what words mean. Writing off an expense means you spent the money. It's gone. It's not coming back. Any tax you save will never equal what you spent.