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Potato_Octopi t1_j2eashg wrote

Yes, but spending $100 to save $20 in taxes still nets you down $80.

That said, sure, if you're having a good year letting everyone spend every dollar in their budget makes sense. You'd reduce taxable income and leave some meat on the bone for next year in case budgets need to be slashed.

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cyanrarroll t1_j2ebwaf wrote

If you believe that the tools, equipment, and people you need next year will be cheaper, then saving money makes sense. But as things are consistently getting more expensive with inflation, it has almost always made sense to keep employees well paid and lots of equipment ready in order to turn money (always losing value) into other assets like people, tools, and land (typically gaining value) while also reducing taxes paid.

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Potato_Octopi t1_j2egrn6 wrote

It's more of a matter of if the thing is really needed or just a 'nice to have' while budget dollars are still available.

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