Sounds rather innocent when compared to what Haliburton has done to the taxpayers and our soldiers in Irag.Please no politics thats not what this tread is about. lets look at it this way, why not say in another year he wants to purchase a Goldmund reference II turntable which goes for $300.000 why not continue to write that one off because in your own words HE NEEDS THE BEST.Thats nonsence and any one would know that,a luxury item like this would be a red flag.What about speakers,amps,and so on, you need that to hear the music that a $300,000 tt produces why not write them off with so on and so on. Can you write off the cables to and the furniture that the gear sits on hey why not I am a reviewer I need my gear to sound it best.
Audiophile TT article in Forbes
I am going to try one more time with this tread because I believe the Audiogon Moderator is flagging this because of the naming of a name. In the latest Forbes special issue there is a nice article about the resurrection of vinyl and Audiophile grade TT. The article shows some nice pictures of high end grade TT with there tone arms and statements from VPI owner claiming every time he wakes up he pinches himself to think in a digital age sales are up steadily. But the big eye opener was that very well known vinyl and turntable guru from a major audio magazine is purchasing a one hundred grand table and tone arm combo Continuum Audio Labs Caliburn turntable & Cobra tonearm
for much less than retail what is much less the article never states but I would guess to venture half off listed which if my math is good would be fifty grand total. Now I don't really have a problem with this but in the article the writer states he the well known guru reviewer is also going to write off the purchase as a business deduction? I am not a CPA or a tax attorney but I would guess that this would raise a red flag at the local/federal tax office as being a LUXURY item. Can you honestly think that standing in tax court a judge wouldn't ask you do they really make a 100 grand turntable and why do you need this piece of gear just to listen and review a record or even having to compare it to the competition.
for much less than retail what is much less the article never states but I would guess to venture half off listed which if my math is good would be fifty grand total. Now I don't really have a problem with this but in the article the writer states he the well known guru reviewer is also going to write off the purchase as a business deduction? I am not a CPA or a tax attorney but I would guess that this would raise a red flag at the local/federal tax office as being a LUXURY item. Can you honestly think that standing in tax court a judge wouldn't ask you do they really make a 100 grand turntable and why do you need this piece of gear just to listen and review a record or even having to compare it to the competition.
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- 44 posts total
- 44 posts total