Something, so you want more?

The tax agent allowed the deduction.

But interest on a mortgage is tax deductible.

Donations to philanthropic programs are tax exempt.

You're assuming interest only loans.

It doesn't matter what it is.

Investments are supposed to make money.

And we're a non profit foundation, you can give us the property and take a hell of a tax deduction.

So, taxes, this is property tax.

In Germany, foreign bribery was allowed.

Minus 500,000.

They make you pay more in withholding just to help their cash flow out.

This is, if I didn't have this great tax shelter with this house.

An income tax is levied on any income that exceeds deductions.

Subtract from memory

And then of course at a party, when I start to explain this, it's like, ah ha.

The supermarket is open all days except Sunday.

Myself.

I'm talking about all companies.

Open 24 hours.

When legislators and others think about economic development, what they first of all think about are business tax incentives, property tax abatements, job creation tax credits, you know, there are a million of these programs all over the place.

It's a tax writeoff, I needed that.

They have no interest expense, because that's not the point of this video.

If you net out all of his little financial engineering, he had to pay 3,000 more in interest, if you net out his profit he made on his little cash bets, his side bets.

But now, over this period of time, over 2008, 2008 happens.

A health food company.

Construction.

This place is closed, ladies.

(Laughter)

I'm a salesman.

I am a member of the sales department.

So now we add an interesting line.

We decided to infiltrate some companies and do a very similar thing.

It's open 24 hours a day. You can go in day or night.

Here in Los Angeles, in the Bay Area in San Francisco, it became tax deductible in the United States.

You have a personal tax exemption of 500,000 yen.

Zero and the deductible Superhigh, right? No.

Is it open round the clock?

I prefer to work on my own.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

And that's because they have the same exact asset.

Thus The Pirate Bay isn't idealistic.

That's what depreciation does.

You little...

Twentyfourhour Alex Cam.