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Non-Tech : Kirk's Market Thoughts
COHR 154.52-3.0%Nov 7 9:30 AM EST
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To: Raimiar Civic who wrote (19974)8/19/2024 10:11:52 PM
From: robert b furman1 Recommendation

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longz

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Hi RC,

Annualize that 2.5 million into day's dollars adjusted by huge inflation.

Back then there were tax loopholes big enough to drive a truck through which have been largely eliminated.

There still are depletion allowances, and depreciation, but try to expense taking a customer out for dinner - it is a fractional deduction.

It always is an individual choice on reporting and deductions, but at some point when taxes get excessive, investment in an unknown venture, is too risky if you can;, keep a reasonable return on your investment.

We're at the peak tax rates now and higher taxes will make the wealthy sit on their wealth and risk very little of it.

That is not an elixir for growth and economic expansion.

All a complex moving of many variables.

Economics suggest Kamala's plans are a very risky growth experiment, that will not end well.

IMHO

Bob
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