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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (4335)10/12/2016 10:21:01 PM
From: Robohogs  Respond to of 26439
 
It may be unseemly but it is not illegal. Nothing for IRS to do.



To: Kirk © who wrote (4335)10/13/2016 10:19:30 AM
From: robert b furman  Read Replies (1) | Respond to of 26439
 
Good Morning Kirk,

Excellent read.

Once everything is paid for and enough income is at hand - the next thing to do is grow your nest egg.

When Goldman Sachs and GE saw a cash flow stoppage in 2008 - they knew who to call.

When the nest egg is of a huge size - it allows you to buy the big deals.

The partner for H J Heinz knew who to call.

They have the same MO as Buffet - run every thing lean and collect tax free cash.

Makes one feel pretty good about owning the a share or two !

Tax free till you sell it and make capital gains or give it to a foundation and never pay taxes.

When Warren gets real about higher taxes - he'll say tax deductions on charitable givings to foundation should be stopped as a loop hole.

I say make it simple and equal for all with a progressive rate based on income and no deductions / loop holes.

The alternative tax credit should also go with any forced increase in the minimum wage rate.

There is so much "under the table" / side job income being skated as well.

Bob

P.S. temps got down to 35 last night - I spent the day harvesting all the ripe tomatoes - I'll be shipping your package early next week at the latest.