Veteran Advisor
Posts: 2,057
Registered: ‎05-03-2010

Re: That is a tax planning/structuring/control problem,.........

I keep saying this to my friends when they bring up the tax cuts are to expensive argument. Goverment is neither a charity or a business. it is purely a cost of living. They are here to protect us from harm both inside and outside our borders. That may be physical or property damage. This is purely a cost. So when we look to goverment and say this is costing goverment we treat it like a business which it is not. and when we look to goverment to supply us with our needs be it health care or retirement or farming safety nets we treat it like a charity which it is not. So treat it like an expense do your best tax planning to lower your expense and at the same time don't bend over a dollar to save your dime ie borrowing to get out of an upside down depreciated combine! JR