Quote:
Originally Posted by Barry-xlovecam
That may be true -- I think that living in Canada you have some experience with this.
However, if Trump and the Republican majority Congress is serious about lowering taxes without ballooning the budget deficit and causing bad economic times, or even a depression -- they better start doing exactly what I am saying. A lot of earnings by corporations end up "under the table" just like Bob the itinerant carpenter's wages.
But you are probably right -- that is why I believe deleveraging before the coming hard times is a very good idea. If I am wrong you will still have your money to invest. If I am right you will buy assets cheaply.
|
how is a lot of earnings by corporations "under the table"? it seems it's 1000x easier for some carpenter to do some quick $100 gig "under the table", than for Boeing to sell $100M aircraft "under the table"...
the corporate earnings might not be taxed because of various accounting tricks, but I wouldn't call it "under the table"...