Dude, I has a Nice The Monkees Instant Replay Vintage Shirt required to submit their audit. (In my state developing hoas have to submitted 3/31) and the hoa forgot to sign the engagement letter, then they did. The partner didn’t raise the fee. I banged it out faster than a virgin. Statistically there are issues with that. Let’s say for example a small tech startup buys 10 computers for employees, 1k each, total 10k. Writes it off the taxes, 2 years in the company goes under, and the assets are sold off at a tenth of the original price. Then the company that bought the assets cheap also writes it off for that year, but at the lower rate. Reward was private gains while losses were socialized. Remember `08? But seeing as how it’s predominantly US companies that grow on this level of magnitude.
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Obama ended up Nice The Monkees Instant. Replay Vintage Shirt? I guarantee those companies had written off tens of years for advanced depreciation because they would have to buy big equipment with long lifetimes. All while Detroit has crumbling infrastructure. Why should public unwillingly be paying for private companies to take private risks? In 2020 Amazon paid almost $3B in federal income tax. That’s over 40x more than the government would be receiving on a yearly basis if there were no tax codes that allowed for reinvestment write-offs. Now, it’s hard to prove what the growth trajectory would or wouldn’t be in hindsight, that is obvious. I’m not willing to believe it’s 100% coincidence either. Weren’t we all outraged a few months ago when old.
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