--- title: "Meaning & Key Takeaway of: Corporations can deduct their planes, all…" description: "\"Corporations can deduct their planes, all their office expenses, their machinery, their computers and Teleprompters and whatever else they have. They c..." image: "https://sms4smile.com/quotes/i/8e4/malachy-mccourt-10845_computer_corporations-can-deduct-their-planes-all_2050148.jpg" --- # Corporations can deduct their planes, all their office… ![“Corporations can deduct their planes, all their office expenses, their machinery, their computers and Teleprompters and whatever else they have. They can deduct their yachts, they can deduct their limousines, their planes, everything.” quote by Malachy McCourt](https://sms4smile.com/quotes/i/8e4/malachy-mccourt-10845_computer_corporations-can-deduct-their-planes-all_2050148.jpg) [Download](https://sms4smile.com/quotes/i/8e4/malachy-mccourt-10845_computer_corporations-can-deduct-their-planes-all_2050148.jpg) [Open image](https://sms4smile.com/quotes/i/8e4/malachy-mccourt-10845_computer_corporations-can-deduct-their-planes-all_2050148.jpg) > “Corporations can deduct their planes, all their office expenses, their machinery, their computers and Teleprompters and whatever else they have. They can deduct their yachts, they can deduct their limousines, their planes, everything.” [Malachy McCourt](https://sms4smile.com/quotes/author/malachy-mccourt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Business entities enjoy extensive tax deductions for many assets, highlighting how corporate finance leverages legal allowances to reduce taxable income. **In simple terms:** Corporations can deduct many expenses. Key Takeaway Understand tax strategies for businesses. Themes finance tax law corporate benefits economics legal loopholes Mood analytical critical Type financial legal When to use this quote - budgeting - corporate accounting - financial planning - tax filing Key Concepts deduction policy tax planning asset management Questions to Reflect On - How do deductions affect market competition? - Are deductions fair across business sizes? A Different Perspective Deduction rules can be complex and controversial. ★ ★ ★ ★ ★ No ratings yet [Computer](https://sms4smile.com/quotes/about/computer/) [Corporations](https://sms4smile.com/quotes/about/corporations/) [Corporations Deduct](https://sms4smile.com/quotes/about/corporations-deduct-3859200/) [Deduct Limousines](https://sms4smile.com/quotes/about/deduct-limousines-3859202/) [Deduct Planes](https://sms4smile.com/quotes/about/deduct-planes-3859203/) [Deduct Yachts](https://sms4smile.com/quotes/about/deduct-yachts-3859201/) [Expenses](https://sms4smile.com/quotes/about/expenses/) [Limousines](https://sms4smile.com/quotes/about/limousines/) [Machinery](https://sms4smile.com/quotes/about/machinery/) [Office](https://sms4smile.com/quotes/about/office/) [Planes](https://sms4smile.com/quotes/about/planes/) [Yacht](https://sms4smile.com/quotes/about/yacht/) [Yachts Deduct](https://sms4smile.com/quotes/about/yachts-deduct-3859204/) ## Related quotes > [Our immigration law sucks, and we need to redo the whole thing, comprehensive immigration reform. 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