I'm going to try! hopefully the tax man can find a loop hole to claim my 3000 dollars on iTunes on my taxes.
They will look at what the $ was spent on. Will receipts show purchases of itunes cards, or do you link your account to your itunes account? Then you will have to show how and what you could spend $3K on (in iTunes) that is for your work and only your work. I am a photographer and I write off all itunes/apple store purchases because I offer an ipod loaded with a custom playlist of music to go along with all of their portrait images loaded on there as well as a few apps that edit their images (like photo FX and Cinema FX) so they can play around with them to use on their facebook or myspace etc..
What's hilarious is if you really think about it you spent $3000 on thin air. You don't even get a stack of empty boxes to quantify where that cash went. I guess that's fair since the money was just a number in your banks computer anyway.
lol, the same thing can be said for food, cigs, alcohol, weed, etc.. We all buy virtual stuff or stuff that we end up "using" and has no footprint when you're done.
3k? I seriously doubt you can say you used up 3k on anything business related, besides running a game review site such as this one. 3k, jesus christ.
In those cases your still exchanging money for physical goods though. The idea of trading money that doesn't exist for a product that has no physical package is fairly new phenomenon. If you buy more then apps it can add up fast, I've probably spent around $350 on apps I can only imagine how much it'd be if I bought music and movies as well.
Well, yeah. Buying movies and music is ridiculously easy if you have it hooked up to your credit card, but I see their being even less of a chance of him getting any cash back if this is what he spent it on. At least some apps have productive uses. Movies and music... unless it's for research, not so much.
People have been paying to see films in theatres for decades... That doesn't return any physical goods. People pay to go to theme parks, and have been for decades as well. No physical return there. People buy shares of companies. That doesn't mean that you suddenly own part of the facilities of that establishment. Just some of the return. Which also just turns into numbers added to your account. I don't think it's too new of a concept, other than the fact that the information you receive is being stored digitally.
Yeah, and I want all my college tuition money back. What they are doing is unprecedented. Has anybody ever seen what a college education looks like?
Yes. However, with other services, such as a landscaping company or a carpet cleaner, there is a physical return. You can see what they changed; it is tangible and measurable. Not so when going to a theatre or theme park. All that you get from them are memories, or "data" stored in your brain. The same can be said for apps from the App Store: you are paying money for data, which (as it is stored digitally rather than on a physical drive) cannot be measured by physical means. No physical return. I realize that the two are not "goods". I was merely pointing out that there are several things that we as humans have traded something of worth (money) for, that do or did not have a tangible return.
I believe the correct way to explain it is that we pay money for time that is pleasurable. Movie theatre, games, apps.
Well, that would have saved me a whole bunch of typing to think of that particular sentence.... But yeah, that's essentially what I was trying to get across. Thanks for simplifying it all.
