(((tedfrank)))

@tedfrank ↗

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Last Checked Sept. 29, 2022

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Sat Sep 17 19:56:31 +0000 2022

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(((tedfrank))) @tedfrank

@EdWhelanEPPC Spending money on offices and office decorating and travel and firm retreats and firm meals reduces profits, but is non-taxable (or lower taxed in the case of meals) consumption income. — PolitiTweet.org

Posted Sept. 17, 2022

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(((tedfrank))) @tedfrank

@EdWhelanEPPC Marketing—as evidenced by the event. But also tax avoidance. In a jurisdiction like NY/Cal/DC, a law firm buying art is using pre-tax dollars, a de facto 45% discount on what partners would pay with after-tax dollars to decorate their homes. Plus more time at office than home. — PolitiTweet.org

Posted Sept. 17, 2022

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(((tedfrank))) @tedfrank

@EdWhelanEPPC Contemporary art can be reasonably priced, too. I picked up some Agams in the 1990s for low-four digits so I’d have something pretty to look at it in the law firm office where I was spending all my time, and it’s been one of my better investments. — PolitiTweet.org

Posted Sept. 17, 2022