Monday, March 25, 2013

Pricey Corporate Jet

The new version of the Gulfstream bizjet retails for a mere $64.5 million.  Nice plane and all, but how do I explain to my stockholders why I blew $64 million on a bizjet instead of paying it out as dividends?  Especially as IRS will make me capitalize it so I cannot even deduct the cost from earnings. 

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