Tear Em Asunder

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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



+3

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