this post was submitted on 04 Dec 2024
913 points (99.6% liked)
Science Memes
11399 readers
1366 users here now
Welcome to c/science_memes @ Mander.xyz!
A place for majestic STEMLORD peacocking, as well as memes about the realities of working in a lab.
Rules
- Don't throw mud. Behave like an intellectual and remember the human.
- Keep it rooted (on topic).
- No spam.
- Infographics welcome, get schooled.
This is a science community. We use the Dawkins definition of meme.
Research Committee
Other Mander Communities
Science and Research
Biology and Life Sciences
- !abiogenesis@mander.xyz
- !animal-behavior@mander.xyz
- !anthropology@mander.xyz
- !arachnology@mander.xyz
- !balconygardening@slrpnk.net
- !biodiversity@mander.xyz
- !biology@mander.xyz
- !biophysics@mander.xyz
- !botany@mander.xyz
- !ecology@mander.xyz
- !entomology@mander.xyz
- !fermentation@mander.xyz
- !herpetology@mander.xyz
- !houseplants@mander.xyz
- !medicine@mander.xyz
- !microscopy@mander.xyz
- !mycology@mander.xyz
- !nudibranchs@mander.xyz
- !nutrition@mander.xyz
- !palaeoecology@mander.xyz
- !palaeontology@mander.xyz
- !photosynthesis@mander.xyz
- !plantid@mander.xyz
- !plants@mander.xyz
- !reptiles and amphibians@mander.xyz
Physical Sciences
- !astronomy@mander.xyz
- !chemistry@mander.xyz
- !earthscience@mander.xyz
- !geography@mander.xyz
- !geospatial@mander.xyz
- !nuclear@mander.xyz
- !physics@mander.xyz
- !quantum-computing@mander.xyz
- !spectroscopy@mander.xyz
Humanities and Social Sciences
Practical and Applied Sciences
- !exercise-and sports-science@mander.xyz
- !gardening@mander.xyz
- !self sufficiency@mander.xyz
- !soilscience@slrpnk.net
- !terrariums@mander.xyz
- !timelapse@mander.xyz
Memes
Miscellaneous
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Never said it was a write off. The video I watched on it did say that someone who worked on the film said it was for tax reasons. It's a single source that might be incorrect, though.
Edit: Here's the video I watched on it. Says right on the title that it was for tax purposes and I don't think an attorney would get that part incorrect.
There's no legitimate reason to intentionally take losses (or refuse to take revenue) for tax reasons, though.
If you lose $1000 and get a tax benefit worth $200 on those losses, it's still a net loss of $800, so you should rather get at least some money back. Getting $500 back might mean that you lose $500 and then get $100 back in tax benefits, so that your net loss is $400 instead. That's an improvement over losing $800, so it's worth doing.
More likely, the contracts around the movie had them needing to pay rightsholders, actors/writers/directors, and producers based on certain formulas on the gross revenue, or would be contractually obligated to spend a minimum on marketing and promotion if there was going to be a release, etc.
Taxes just alleviate the degree of losses (or reduce the amount of profit), which can change behavior around risk taking, but it wouldn't make sense to abandon a finished movie solely for tax reasons.