A question about retail corporate taxes-

[Beaker]

ABC just did a story about how Evilmart is putting a lot of financial pressure on other toy stores by making many of it's toys
"loss leaders"(selling them at less-than-cost to get people in the store) this year at Christmas...
The question I have is this- If a store purposely sells a product for less than it costs them, do they get to write the "loss" off on their taxes?

One industry at a time, Wallyworld can put them out of business by letting each one take a turn at being a "loss leader", until other sellers of those products are bankrupted.

And the sheeple will continue to feed the beast that's eating their way of life.

[YNGW]

1. Not Really, But Sorta

It's not a write-off per se. But if you buy a product at wholesale for $10, but end up selling it for $5, you essentially took a $5 hit, which would come off your bottom line, and you pay taxes on earnings.

[Bandit]

2. You think WalMart pays taxes????

I have an aluminum mine that is very productive I will sell cheap.