A friend of a friend has a favorite saying, derived from Jerry McGuire:
Show me the tax!
He's become a multi-millionaire by buying, selling, and investing in places with onerous taxes.
His logic is that if he's creative, he can overcome the tax hurdles (or in the case of selling and paying capital gains, etc-- he'd rather sell and make LOTS of money, and pay tax, than invest in something that pays much less, and is tax-deferred).
Sound logic. We use it.
Our taxes/charges for guests that stay at the Inn are close to 17%.
That doesn't stop us from being one of the busiest inns in the wine country.
-Russ H.
Show me the tax!
He's become a multi-millionaire by buying, selling, and investing in places with onerous taxes.
His logic is that if he's creative, he can overcome the tax hurdles (or in the case of selling and paying capital gains, etc-- he'd rather sell and make LOTS of money, and pay tax, than invest in something that pays much less, and is tax-deferred).
Sound logic. We use it.
Our taxes/charges for guests that stay at the Inn are close to 17%.
That doesn't stop us from being one of the busiest inns in the wine country.
-Russ H.