Tax Deductions Are Like Hairy Lollipops

Investors often get excited for anything that may reduce their tax liability, including deductions and write-offs. Tax deductions, however, in many cases can be like a hairy lollipop. From a distance the lollipop looks delicious, but as you get closer you start to see that appearances can be misleading.

There's a funny episode of where Kramer explains "write-offs" to Jerry but as he attempts to explain how business works, Jerry fails to grasp any of the details. A write-off is another way of saying a