Posted on 04/06/2023 4:15:16 AM PDT by CFW
Well, this is quite interesting because of some obscure piece of tax legislation regarding mandatory capitalization of Qualified Research Expenses. This arcane topic involves how something in the 2017 Tax Cuts and Jobs Act REQUIRES companies to depreciate QREs over 6 years instead of expensing the amounts in the year such amounts were incurred/paid.
The companies that are most likely to be affected are tech companies, but definitely include biggies like IBM, Amazon, Apple, Microsoft, Lockheed Martin, Boeing, etc.
Affected individuals and companies are facing very painful increases in the taxes due around .... OH! just about this time of year!
It is somewhat poetic irony that the smaller tech companies which are often funded and/or owned by lefties will be feeling the pain.
Or, perhaps the legislation will be modified/repealed. After all, the Bi-di-diot administration already found one way to insulate the players from financial catastrophe at the expense of the rank-and-file taxpayer.
Hope someone finds these remarks interesting.
IF I HAD MONEY TO “INVEST”—
CLIMATE CRAP IS NOT ON THE LIST OF TARGETS I WOULD LOOK AT.
IT IS A MANUFACTURED PROBLEM LOOKING FOR A FINANCIAL SOLUTION
IT IS A SCAM
A giant hole? Good. Jump in, your stolen money is down there somewhere.
I was visiting a friend in Mountain View California and while driving on an interstate was treated to a fantastic sight. There was this really large green glass building with two signs......... Soylandra and For Sale
I wonder if any body ever bought it?
Sorry for the late reply. It is interesting that Solyndra was what Obama said was the future of the solar industry. He and Chu threw money away, and they were correct. Solyndra today IS THE FUTURE as abiotic hydrocarbons and nuclear will be the real future, as soon as the idiots on the Left are toppled.
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