[kevkrom]

I'm familiar with "time value of money" and maybe you should look it up because I don't think it has a thing to do with the profits of company and income taxes.

Of course it does. Running a company is an investment. If the after-tax return on that investment doesn't justify the risk behind it, then it's a bad investment, and the resources should be directed elsewhere.

In other words, why should I bust my butt for 70+ hours a week to get the same after-tax return I could get from, say, a nice low-risk mutual fund? Even a business that doesn't lose money is a failure if the return it generates doesn't justify its risk. Of course, there are degrees of failure... obviously a company that loses money outright is more of a failure than one that diminishes the investment through simple inflation-driven dilution. But that's a matter of degree, not order.

[Your Nightmare]

Of course it does. Running a company is an investment. If the after-tax return on that investment doesn't justify the risk behind it, then it's a bad investment, and the resources should be directed elsewhere.

I believe what you are talking about is "opportunity costs." "Time value of money" is something completely different.

JSUATI, do I have this right?