7 May
1998
7 May
'98
6:10 p.m.
Christian Fandt wrote:
This is a bell-ringer with many companies who pay too
much attention to
"The Bottom Line". Even my company's bean counters panic when they find
that obsolete parts have been setting on the shelf for more than a year or
so. "Call the Dumpster Brigade! We've got an emergency in Finished Goods"
is the call from the company comptroller. We're a small-to-mid sized
company, so sometimes we can negotiate with the comptroller so salvage some
stuff. The IRS socks it to all companies to pay tax on all of their parts
inventory. If it is not making money (as in being obsolete and not many
repair parts being sold) then trash it. Otherwise, a company could be bled
dry of its financial resources over a period of time from being taxed too
much for too long.
And some people wonder why I'm such an Anarchist/Libertarian. In
theory, (ask OJ), you can't be tried twice for the same crime.
"Inventory" tax means that for as long as you hold the merchandise,
you will continue to be taxed every bloody year unless you bite the
bullet and throw the stuff away. That makes it damned hard to go
into business fixing old equipment that doesn't break often or for
that matter being a used-book dealer. That latter being my chosen
next career.
--
Ward Griffiths
They say that politics makes strange bedfellows.
Of course, the main reason they cuddle up is to screw somebody else.
Michael Flynn, _Rogue Star_