Gov. Tate Reeves signed a bill last month that puts Mississippi on a path to zero income tax, albeit in about 14 years. Yet the messaging is right, as the state tries to lure business investment. Mississippi is
Section-113 Set off and carry forward of losses from speculation business Section-114 Set off and carry forward of losses from specified business Section-115 Set off and carry forward of losses from specified activity Section-116 Treatment of accumulated losses and unabsorbed depreciation in amalgamati...
Explanation 2.-Where speculative transactions carried on by an assessee are of such a nature as to constitute a business, the business (hereinafter referred to as "speculation business") shall be deemed to be distinct and separate from any other business. Under section 40(a)(ia)of the Act,...
It’s hard enough for sophisticated investors to make money consistently with portfolio income because it is speculation. As such it can be very risky, especially for those with a low financial IQ and who are following the herd. If you get in late in the game, you can get massacred by t...
Investing for speculation - Stock appreciation is not income because you only see the return if you sell the investment (exceptions are dividends and cash on cash returns). Why Passive Income Is Important While it doesn't really replace active income sources (like your full-time job), it can...
Investing for speculation - Stock appreciation is not income because you only see the return if you sell the investment (exceptions are dividends and cash on cash returns). Why Passive Income Is Important While it doesn't really replace active income sources (like your full-time job), it can...
they spend every dime they have on stupid stuff and taxis. Tourist are way down since the spill. Now for the good news. A major food chain here is going out of business [Food World] Another is losing 20k a month to theft. Every other property it seems is up for sale. There are to...
Nowhere near the huge amount of tax needed for even small UBI 1. You pay taxes where you do business. Businesses outside of the US don't just do business here tax free... 2. You keep emphasizing the low cost... EXACTLY that low cost means they will be making more and more money,...
6. Practical considerations for dynamic targeting 7. Choosing between alternative targeting approaches 8. Conclusion CRediT authorship contribution statement Declaration of competing interest Acknowledgments Appendix A. Supplementary data Data availability ReferencesShow full outline Figures (8) Show 2 more figur...
In the post I speculated that one approach would be to tax all business income, and then allow expensing of investments. But don’t rely on my speculation, a tax expert could give you a better answer. Jon, I’d also prefer to be rich, but it won’t happen no matter how big the ...