Re:What if Gas Cost $100/gal?
by petercooper on Tuesday May 27, 2008 @08:44PM
(#201613)
> but can't they write off fuel purchases as a business expense?
Sure, but writing off expenses against profit only gains you the amount you'd have paid in tax on that amount, and not the actual amount itself. Writing off expenses doesn't make it a zero-sum game, it just puts 20-30% back in your pocket.
Sure, but writing off expenses against profit only gains you the amount you'd have paid in tax on that amount, and not the actual amount itself. Writing off expenses doesn't make it a zero-sum game, it just puts 20-30% back in your pocket.