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Reuters Seems the South Carolina Senator is on retainer for the California Bar. The House and Senate budget bills closed the contingency lawsuit up front cost tax deduction that the uber-liberal 9th circuit court of appeals had for their western lawyers. Graham slipped it back in at the 9th hour. I wonder why he is so concerned about Western tort lawyers taxes? | ||
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| The Main Thing Is Not To Get Excited  |
Me too. Can you spend California money on the east coast? just wondering. _______________________ | |||
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Only the strong survive |
The issue, believe it or not, is a $500 million controversy, at least according to Congress’s Joint Committee on Taxation. WOW...who would have known. Some of these people need to go.  41 | |||
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His Royal Hiney |
I've got no love for lawyers but I don't see the deductibility as wrong. Upfront costs are costs, it's not like it's capital investment. I didn't know about this deductibility but it makes sense to me. Businesses are allowed to deduct expenses against their profits. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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