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Tuesday, 12/27/2022 3:32:33 PM

Tuesday, December 27, 2022 3:32:33 PM

Post# of 204942
Looks like the omnibus bill has several changes to the tax code included it.

Companies won’t get to immediately deduct research and development
Tax law will treat big corporate expenses less generously
Companies won’t be able to deduct as much of their interest expenses.

I'm not sure what they were thinking Interest rates are going crazy, R&D is always good to keep the U.S. moving forward and big asset investments in business is typically a good thing, but apparently not.

Here is something that may affect some of you Under current law, people with 401(k) plans must take out money from their accounts starting at 72, to ensure people use the money rather than pass it down through their estates. The new proposal would increase that mandatory age to 73 starting in 2023 and then 75 starting in 2033.

Looks like we are experiencing a dip, I haven't read the board because I've been doing end of year tax stuff but I'd bet there are a few looking for a tall bridge. This too shall pass. I'll bet some even gave up a few shares to help the shorts start to cover.

X, just looked 2 million shares traded, atleast we've got good volume. Those doing the tax sale thing may be able to sell now, wait 31 days (wash rule) and (possibly?) get back in before it spikes. I'm not going to play that game though because you never can tell when the next card will be played.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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