Speaking with a friend the other day, he gave me a point to ponder. He said that company X projects that their sales for the year will be say, 5 million dollars up from 17 million the year before. So they expect to earn 22 million which is up from the 17 the previous year. But when they only make 1 million more in profit they claim a loss of 4 million.
"So how is it, he asks, that they can make a claim they lost money when in fact they never earned it in the first place? Don't you have to have something before you can lose it?"
So why can't he decide that he should make an additional 200 thousand this year but when it does not happen, make the claim he lost money too. He planned on making that much on paper so does that mean he lost earnings so he can claim a huge loss on his taxes? If it works for huge corporations then why not him?
It's one of those things that makes me go .... hmmmmmm.
Another thing we were pondering over was American made products. Just how many items in your home alone have 'Made In America' on them. So without leaving this tiny room; I decided to look around and see. Don't you just hate these list things??? ;)
1) my sweatshirt says made in Honduras
2) My pants, Dominican of Republic
3) My slippers, USA
4) Curtis Mathis Television, Korea
5) Computer speakers, China
6) RCA CD Boombox, China
7) Sons sweatshirt, Pakistan
8) Canned air for cleaning computer, USA
9) Pokey and Gumby, China
10) Craftsman screwdriver, USA
11) Stapler, USA
12) Optimus microphone, China
13) Racing Ball cap, Philippines
14) Another Ball cap, Bangladesh
15) SunCom Firefly Phone, China
16) Altoids Wintergreen mints (Very good I might add) Great Britain
17) XBox game controller, China
18) My Dell Computer key board, China
19) Chase authentic shirt, India
20) Jack Daniels Whiskey, USA (Priceless)
5 out of twenty made in the good old USA. Oh well, I guess the Jack Daniels helps to take the bite out of things.