Tear Em Asunder

RamNation General Discussion Board

le alpe de huez

Joined: 12/05/2014 Posts: 1849
Likes: 1705

Gwebb's post below that R's are about cutting taxes. If you happen to work

for a company that does a lot of R&D be prepared to take it up the ass in 2022 thanks to the orange idiot's tax bill a few years ago. Starting Jan 1 company's will now have to capitalize their R&D expenditures and amortize those over 5 years but the first year you can only take half a year. What that means for my company is we will now be taxed on about $2-3 million worth of stuff we used to be able to deduct in the year the expenses were incurred. Thanks fat ass don. Congress kicked the can for years and no longer can they kick it. Doesn't appear that anything is going to be done about it this year either. Just complete crap legislation. Penalize R&D work? Really? Well yeah I guess that does reinforce the notion that the R's are anti-science.

Rant off.

So ju

Posted: 09/24/2021 at 2:18PM


Insert a Link

Enter the title of the link here:

Enter the full web address of the link here -- include the "http://" part:

Current Thread:
  Go Rams and Go GOP! ** -- Dubya Why Oh 09/24/2021 5:22PM
  Dems voted for it also.... ** -- babybull 09/24/2021 4:52PM
  ...and private jet leases ** -- Newport 09/24/2021 3:34PM

Think You Know Football?

Our Sponsors