Word: write-offs
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...loan; 2) in the first year, he can take two-thirds of the 10% investment tax credit on his $100,000 share of the movie's cost; 3) most important, he can take a depreciation write-off on the whole $100,000-80% of it in the first 18 months. For $25,000 in cash, the investor can get write-offs that in the first year virtually wipe out the taxes on $75,000 to $100,000 of his nonmovie income...
Singer Co. showed such vigor in sewing up new acquisitions during the 1960s that Harvard Business School used it as a case study of successful diversification. Now the 124-year-old sewing-machine firm is trying hard to recover from the financial drain caused by some of its acquisitive deals...
Restraining Order. That thinking began early the next morning in Manhattan, when Keating dialed Dolphin Coach Don Shula at his home in Miami and asked: "Do we talk about next year?" Cautious, Shula told him to wait for .the legal issues to be settled. "It's pretty sad," sighed...
Surprise and Chagrin. Convinced that there will soon be a critical shortage of capital, Bentsen has introduced a bill to encourage more investment. The bill provides for a scaling down of the 35% capital gains tax. The longer an asset is held, the less it would be taxed when it...
Mehring purchases his farm as a tax write-off, but it gradually grows on him -and on the reader. Soon the African earth and its plowman conspire to give the novel its center and its soul. The lyricism cannot last. Mehring cracks up principally because the author must punish the...