STEVE THE ADDICT^^^^^^""""""""'"--';"- wrote:
People ask why he's giving away free money but the truth is that he and other youtubers can give money and gifts and they can get a tax write off as a business expense, so they get the money they spent back. He should max out the tax benefits and give away as much as he possibly can. Do a 100k race Nick. Actually you know what Nick, I'll race you for 100k. It has to be a race of at least 2k though. I know you read this forum.
I've heard different people say this.
I think it does not work this way. At best, they could claim charitable donations, where they do not pay tax on the money.