My naive understanding is that the empty storefronts offset as a tax loss from a... | Hacker News

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		ryoshu on April 26, 2020 \| parent \| context \| favorite \| on: Japan to subsidize 100% of salaries at small compa... My naive understanding is that the empty storefronts offset as a tax loss from a more lucrative line of business from the matrixed holding company that owns the property. The empty storefront on 5th Ave. doesn't matter to the owners because the numbers work out on a spreadsheet.

WalterBright on April 26, 2020 [–]

Losses reduce the taxable income, they are not tax credits. If you're paying a 20% tax rate, you still lose 80% of those losses.

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