"Just write it off as a business expense!"
People who say this probably do for one of the following reasons:
- They have no idea what they’re talking about and equate avoiding taxes with “free”
- Want to justify an unneeded or ambiguous business purchase (I’ve done this)
- Have no understanding of the importance of cash flows to companies
But the funnier reason why people say this? Note this classic exchange between Jerry and Kramer from the most awesomest of TV shows, Seinfeld, kindly compiled by Josh Steimle:
Jerry : So we’re going to make the Post Office pay for my new stereo?
Kramer : It’s just a write off for them.
Jerry : How is it a write off?
Kramer : They just write it off.
Jerry : Write it off what?
Kramer : Jerry, all these big companies, they write off everything.
Jerry : You don’t even know what a write off is.
Kramer : Do you?
Jerry : No. I don’t.
Kramer : But they do, and they are the ones writing it off.
[UPDATE: Cited transcribed source if “inspiration link” didn’t suffice. Post inspired by or “lifted from” Don Loper]
Copyright © 2005-2008 Blake Snow. Some rights reserved. Site description:
December 7th, 2006 at 1:46 pm
“Inspired by” or lifted from? Sheesh.
December 7th, 2006 at 2:18 pm
Uh, anonymous. If I were going to “lift this” from Don Loper, I wouldn’t have provided a link. Take it easy, mate.
December 7th, 2006 at 3:12 pm
He put a link, which is fair enough attribution for me.
December 7th, 2006 at 5:43 pm
HA! Which season is that episode from? Season 7? That’s the only one I don’t have yet. :(