View Full Version : Minimize tax liability


ThrowingTimber
12-29-2004, 12:22 PM
? for the finance guys, minimize tax liability IRA or 401k? :confused:

MakoMike
12-29-2004, 12:23 PM
TT,
401k, its a no brainer if your employer matches and even if they don't the limits are higher.

fishweewee
12-29-2004, 12:25 PM
I'd listen to Mike, he knows his tax $hit cold.

ThrowingTimber
12-29-2004, 12:27 PM
thanks Mike, :D

Gloucester2
12-29-2004, 01:19 PM
Both.

Roth IRA if you qualify.

mrmacey
12-29-2004, 01:35 PM
do you do taxes

fishweewee
12-29-2004, 02:59 PM
Originally posted by mrmacey
do you do taxes

I think Mike only does taxes for large multi-national Fortune 500 companies. :hihi:

I think G2 is a CPA too. :kewl:

MakoMike
12-29-2004, 03:04 PM
Originally posted by fishweewee
I think Mike only does taxes for large multi-national Fortune 500 companies. :hihi:



Ben,
You got that right! Maybe when I retire I'll start doing indivdual taxes again. :smash:

ThrowingTimber
12-29-2004, 03:04 PM
I love this place, ok both wins:D

mrmacey
12-29-2004, 03:05 PM
Im on my way to be a fortune 500 company 300% growth in 1 year come on thats a good track record so far! Im looking for a partner who will bring enough capital to the table to buy a new h2 Hummer it will move anyone want to be an owner instead of an employee let me know.:happy:

mrmacey
12-29-2004, 03:12 PM
did you see that wter stock they do water filtration think its going to move with all that stuff overseas going on

fishweewee
12-29-2004, 04:26 PM
I dunno Mike. I used to cover the environmental stocks over at Douche Bank :hihi: back in the good 'ole days, and the big player in the industrial and residential segments was (still is) U.S. Filter/Culligan, which was acquired by some huge French conglomerate. USF/CUL is a huge company (billions in revenue) and feeds the crumbs to smaller players like Osmonics and Ionics, who in turn piss on WTER. :doh:

WTER is a pimple on the ass of a very large elephant, and its market capitalization reflects that. It might ride favorable industry trends (aging POTW infrastructure, increasing industrial demand for clean water). But, a rising tide lifts all boats in the sector. In the long run, it won't be able to compete with the larger players. It's also a penny stock, easy to manipulate, I'd steer clear unless I knew more about the product/company/management or if it could be a potential takeover target.

MakoMike
12-29-2004, 04:32 PM
Ben,
I thought U.S. Filter was aquired years ago by ARCO? Many moons ago I used to work for them when they were an independent company.

fishweewee
12-29-2004, 05:31 PM
u worked for #^&#^&#^&#^& Heckmann? :eek:

mrmacey
12-29-2004, 06:14 PM
up 6 cents today back when we talked it was 2-5 cents

Gloucester2
12-30-2004, 10:25 AM
USF/CUL is a huge company (billions in revenue) and feeds the crumbs to smaller players like Osmonics and Ionics, who in turn piss on WTER.


I know more about reverse osmosis than any non-scientist alive :D got mallincrote ?

MakoMike
12-31-2004, 05:06 PM
WW as far as I can recall my boss was Ed somebody or another, the senior VP finance, I don't reacall the name of the Pres or CEO.
You gotta remeber that was about 30 years ago!