Comment by xyst

I would appreciate some transparency. I have seen fictional/theoretical scenarios around this simplified to the following:

"You have $1M in engineering expenses annually. So now instead of deducting $1M per year. Now you can only deduct $200K in that tax year. And then amortize it over 5 years"

But we all know this isn’t a vacuum. The US tax code is massive, corporate tax reduced over decades.

You are telling me this single paragraph in the US tax code is directly causing massive layoffs? Or is this single paragraph in the US tax code used as a scapegoat to initiate layoffs and then used to pump P&L and thus still approve C-level executive bonuses?

These big companies have access to massive accounting firms and they can’t work their fucking magic on a single paragraph of text? I call bullshit on big tech.