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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Secret_Agent_Man who wrote (267519)11/17/2003 1:58:17 AM
From: GraceZ  Read Replies (2) of 436258
 
I tried that spend it all on the biz routine and it's not an answer. It's sort of what I was referring to about taxation levels getting so high that it brings on distorting tax avoidance activity. I find clients doing this all the time, their way of "keeping" it is to spend it. I always ask them if they feel better writing a check to American Express than writing one to the IRS. Frankly, people resent the ones written to the IRS more but it has the same end effect. I think you have to make business capital expenditures based on solid business reasons with the return on capital as the first and foremost goal. Tax considerations are secondary.
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