this post was submitted on 27 Mar 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Depends on how you define stealing.
If you say it's taking something away from the original owner then you're right, but if you say it's not paying your share of the costs of a good you're using then you're wrong. E.g. if you go to a concert and don't pay the entrance fee then the concert will probably still happen, but you're not reimbursing the artists and crew for their costs and effort.
You're right. Here's the difference though. With "piracy" they can estimate how many copies have been "stolen" and deduct that from their taxable income.
U got some sauce for that?
Its called "shrink", and retailers handle theft exactly like so. If the labels and publishers haven't thought to claim such losses on their taxes, then they need new lawyers.
https://www.irs.gov/taxtopics/tc515
Theft loss.
From your source verbatim, emphasis mine:
Piracy of digital media would not meet that threshold set by the IRS. If any media publisher is deducting this type of “loss” from their taxes it sure reads like they’re committing tax fraud.