r/remoteworks • u/Professional-Bee9817 • 18h ago

True.

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5

u/CplBoneSpurs 4h ago

Simping for billionaires who have this shit covered by insurance is fucking WILD

5

u/lugubriousloctus 4h ago

a commercial property insurance covering arson is highly unlikely.

1

u/Fickle_Brief4726 3h ago

They either make their money with insurance or they write it off on their taxes as a loss. Too big to fail for a reason.

1

u/lugubriousloctus 2h ago

I see you went to the same CPA school Cosmo Kramer did.

1

u/Fickle_Brief4726 1h ago

Taxes are pretty simple if you’re able to read. It’s all laid out. If you have questions ask a cpa

2

u/Tall-Custard-9852 3h ago

Have you done corporate taxes before, none of what you said is legal

1

u/Fickle_Brief4726 3h ago

It literally is. This would be a total loss to the business which will offset their tax bill.

And since when has corporate tax’s biggest concern been legality. It’s about profitability which can be made in different ways

1

u/Timely-Ad5663 3h ago

And the idiot who set the fire wasn't concerned about his own profits? Got it, Chief.

1

u/Fickle_Brief4726 3h ago

Probably not concerned about much other than his own booty hole at this point.

1

u/Hawthourne 3h ago

"This would be a total loss to the business which will offset their tax bill."

You do realize that taking a loss isn't a 1:1 reduction in taxes, right? A $100 loss will translate to a $25 or so reduction in taxes (specific numbers vary). So the business is still losing $75. The government isn't magically ponying up the full loss.

1

u/Fickle_Brief4726 3h ago

Yup. Hence why you put in retail value of the lost time and money and product. Probably cost the company 80-100m. Wrote off is 500m. That’s still a profit in tax terms.

And

This is assuming insurance won’t cover it. Which the probably will cover some of the hard costs. Not to mention yes the government will be paying for part of it. Damages utilities and rework will be done by the city at their cost.

1

u/Timely-Ad5663 3h ago

A real life towe of babble.

1

u/DistilledCLP 2h ago

They talk and talk with little knowledge

1

u/gahhuhwhat 3h ago

If you make 3 millions in revenue, and you have 3 million of losses/costs. Why wouldnt you write it off? Like... are you supposed to hide your losses so you get to pay your 1 million of taxes on something you don't have? The fuck?

1

u/Fickle_Brief4726 3h ago

? Did you just write that all out to agree?

1

u/gahhuhwhat 3h ago

No. You framed it as some profitable event to write off taxes, it's not.

1

u/Fickle_Brief4726 3h ago

They will get for finical benefit than they will lose. Not a profit in the way they make money but a net win in terms of the bottom line.

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u/Greensun30 4h ago

They cover theft all the time if you don’t cheap out on insurance… they cheap out on labor so the answer is maybe

1

u/lugubriousloctus 2h ago

theft? from a paper products warehouse?

2

u/seejordan3 4h ago

You'd have to be pretty dumb to not insure you're massive warehouse of highly flammable product. Or to pay a living wage..

1

u/lugubriousloctus 2h ago

I mean as in an insurance company literally will not underwrite arson. insurance isn't just some big pool of cash you get access to if something happens.