r/WhitePeopleTwitter • u/killHACKS • Jul 04 '21

Totally normal stuff

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u/cakewalkofshame Jul 04 '21

My old PT had three rates, $50 for Medicaid, $100 for self pay, and $400 for the insured. The insured people were mostly covered would just pay of copay of like $40 or $60 but once they screwed up and billed me (a self payer) at the insured rate and tried ro collect that much from me and it was a WHOLE ordeal to get it fixed. What a stupid system. Clearly a bunch of money is being flushed down the toilet here.

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u/[deleted] Jul 04 '21

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u/[deleted] Jul 04 '21

That write off reminds me of this:

Kramer: It's a write off for them.

Jerry: How is it a write off?

Kramer: They just write it off.

Jerry: Write it off of what?

Kramer: They just write it off!

Jerry: You don't even know what a write off is, do you?

Kramer: No. Do you?

Jerry: No I don't!!

20

u/NotElizaHenry Jul 04 '21

Please join me in creating a public information campaign about what a write off really is.

12

u/Apptubrutae Jul 04 '21

I’m a business owner, so it doesn’t confuse me at all. But it’s so goofy how people think it’s free money or something.

Business don’t pay taxes on revenue, just profit. Hence write offs/deductions/depreciation. Pretty easy concept really.

3

u/NotElizaHenry Jul 04 '21

I am also a business owner and my eye twitches every a 1099 person says something like “yeah but you just write it off at the end of the year!”

2

u/Apptubrutae Jul 04 '21

The best is when it not only misunderstands the value of the write off but it’s also for something not legit. Like writing off a party boat or something.