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The Simpsons is not the only prescient cartoon
(lemmy.world)
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this post was submitted on 15 Mar 2024
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It's technically owned by the IRS, and the people.
That's not what a tax write-off is. The IRS didn't give them any money. They just acknowledged that WB spent $30 million on something that was business related. Literally every dollar that a business spends on itself to continue running is a "tax write-off". The 165 million that Interstellar cost was also written-off against their taxes to reduce their tax burden. Businesses are taxed on their profits, not their revenue.