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Economy

Ol Janx Spirit

(282 posts)

12. You are absolutely right about deducting salaries. I have to guess that the impact is...

Reply to thesquanderer (Reply #11)

Wed Jun 11, 2025, 01:22 PM

Jun 11

...more on the expense of R&D in equipment, materials, and other areas--and it also looks like there is a tax credit and not just deduction involved for some companies that may change that calculation.

This goes more in-depth and paints an even cloudier picture:
https://www.thetaxadviser.com/issues/2024/jun/rights-for-the-research-development-credit-and-sec-174/#:~:text=Originally%20enacted%20in%201954%2C%20Sec,product%20development%20expenses%20under%20Sec.

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There's a Fascinating Hidden Reason That So Many High-Earning Tech Workers Are Getting Laid Off Now [View all] littlemissmartypants Jun 11 OP

That will definitely put the US into the dark ages UpInArms Jun 11 #1

this coupled with govt cuts to science wil effectively destroy American research leadership LymphocyteLover Jun 11 #2

Trump shoots US future in the foot, Putin is pleased. nt Festivito Jun 11 #3

So I can blame Trump for my layoff nuxvomica Jun 11 #4

Republicans love taking America backwards and killing jobs IronLionZion Jun 11 #5

Just like the Confederacy... dlk Jun 11 #8

They fantasize about plantation life and being robber barons IronLionZion Jun 11 #10

I don't get this. Salaries paid to employees are tax deductible anyway. What am I missing? (n/t) thesquanderer Jun 11 #6

The Quartz article explains it pretty well: Ol Janx Spirit Jun 11 #9

Thanks, and it was a good attempt, but it still doesn't make sense to me. thesquanderer Jun 11 #11

You are absolutely right about deducting salaries. I have to guess that the impact is... Ol Janx Spirit Jun 11 #12

See? He's not like a certain German leader at all. He knew well the value of R&D.... /s Ol Janx Spirit Jun 11 #7

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