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The Water Cooler
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Any Yellowstone fans?
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<blockquote data-quote="trbii" data-source="post: 3937392" data-attributes="member: 2449"><p>I talked with a cattle man at the barber shop yesterday about shipping cattle south for the winter. He said this is a common practice. He said rich oil, gas men sink money into cattle just as another investment. Somewhere to throw big profit earnings. If they lose money on the cattle one year, oh well, have to claim a loss on the taxes. Less capital gains to be taxed for? That hadn’t occurred to me, having so much money, profits, that you engineer a way to claim a loss. A mega millionaires’ problem.</p></blockquote><p></p>
[QUOTE="trbii, post: 3937392, member: 2449"] I talked with a cattle man at the barber shop yesterday about shipping cattle south for the winter. He said this is a common practice. He said rich oil, gas men sink money into cattle just as another investment. Somewhere to throw big profit earnings. If they lose money on the cattle one year, oh well, have to claim a loss on the taxes. Less capital gains to be taxed for? That hadn’t occurred to me, having so much money, profits, that you engineer a way to claim a loss. A mega millionaires’ problem. [/QUOTE]
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