That doesn’t really make sense because they’re still spending that money. A $1M/yr business expense on a new office that gives you a $1M/yr tax deduction isn’t putting you ahead financially.
What you’re missing from the “no deduction” side is that they’re also not spending additional money on new offices.
Wouldn’t that be a business expense as well? I agree it’s the more sane option, but they’re both still insanely hypocritical options when compared to allowing remote work.
I just now realized you’re referring to a personal deduction for a home office and not a corporate deduction for the home office. I see what you’re getting at now and wouldn’t be surprised if that were the case.
That doesn’t really make sense because they’re still spending that money. A $1M/yr business expense on a new office that gives you a $1M/yr tax deduction isn’t putting you ahead financially.
What you’re missing from the “no deduction” side is that they’re also not spending additional money on new offices.
It makes more sense than having him commute via private jet like he used to
Wouldn’t that be a business expense as well? I agree it’s the more sane option, but they’re both still insanely hypocritical options when compared to allowing remote work.
Yeah, it is. But if the CEO has a home office he doesn’t get a deduction.
Honestly I’m amazed he didn’t buy the office and lease it back to the company. That sounds like the sort of sleaze I expect from the C-suite
I just now realized you’re referring to a personal deduction for a home office and not a corporate deduction for the home office. I see what you’re getting at now and wouldn’t be surprised if that were the case.