Also, since you can only deduct 30-50% of your Adjusted gross income. Even in the best 50% case, unless you have an AGI of $200k, you cannot simply deduct $100k (although in some cases you can carry forward for up to 5 years). That might be reasonable for someone in the bay area, but not for the average widow cleaning out a garage. Also, if you are a widow and have an AGI that high, you are probably very near the schedule A limitation on deductions to 80% (remember obama says you are rich).
Except that she can carry it forward for probably five years. Now shes only trying to deduct 20K/year and with even a modest income, will likely fall under 30%
Because if you call it workshop upper middle class guys will think it's a place where dirty. low-class, lowlifes work with old techniques like welders
Everyone is different. I'm an upper Middle class white guy. I have multiple graduate degrees, I can also make damn near anything out of wood, plastic, or metal, and have a private workshop with the means to do so. Most of my equally upper middle class white guy friends, have old cars, motorcycles, or tractors and know how to service them and in many cases build them from essentially scratch. They aren't mutually exclusive.
Welding is a good way to make stuff, and even an upper middle class guy should be able to learn it. The equipment for MIG welding is simple and cheap. Any decent workerspace/makeshop should have one. You also want a CNC vertical mill, and lathe, even if it is just a table top, like a Sherline. .
This is an important distinction, at least for me. You need to have the stuff that people likely don't have in their own workshops and staff that knows how to use it. I have an abnormally well equipped personal workshop and the skills to use it. What I don't have is the things like a CNC Mill, and because of the cost, I'll probably never have one. I gladly pay the day rate at my (not so)local coop when I need to use one
What we are talking about is an article that combines fifteen years of tax deductions in order to put that magic "B" in the title to get people excited....
What w'ere really talking about is a standard accounting practice in the purchase of ANY business. The asset and liabilities columns have to total to the same in any balance sheet. When the purchase price exceeds assets, an imaginary asset called goodwill is added. There is nothing unusual in any way at all about this.
People who do 56 MPH on the Interstates should get the chair.
Agree, in fact anyone doing under 70, or under 85 in the left hand lane should be summarily executed
It is an exact 1:1 copy. Google is screwed.
Oracle still needs to show damages, they have none, or that Google created by virtue of this copying, a commercial advantage. Again there is none. End result, they copied a trivial function rather than spending 5 minutes writing it. Its a non-issue.
To tell you the true, this gives us a clear hint about Oracle's future.
SCO did exactly the same thing in the past - but, honestly, I think SCO's lawyers did a better job.
In what way? Oracle is the 2nd biggest software house on the planet, the clear leader in several verticals and makes and/or sells literally hundreds of products. Which of these things in even a remote way, describes SCO?
Be careful when a loop exits to the same place from side and bottom.