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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: rayok who wrote (41194)9/9/2005 10:56:44 AM
From: Real Man  Read Replies (1) of 110194
 
Sure, everyone tries to generate tax losses. Then you can lease
your car and whatever else, and write it as corporate expense.
-g-. But if you have profit, you have to pay tax on it. And,
if you generate losses consistently, the IRS will audit your
books.
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