Law School Discussion

BigLaw salaries going down to 144k for class of 2009?

Re: BigLaw salaries going down to 144k for class of 2009?
« Reply #10 on: March 13, 2009, 07:34:22 PM »
ah, I figured that had to be a joke I misunderstood but you never know who is misstating Obama's tax policies.

Yeah, I was playing off how misunderstood his proposed tax policy is.  That said, I think this is an awful time to raise taxes on anyone.  But it still is grossly misunderstood

But if our salary goes down so does our taxes! Yea! ...wait what..

I've heard Mary Kay slyly says this in some of their conventions.  They state that if you take a loss (buy more product than sell), you can count the extra inventory against your salary. Thus lowering your taxes. Although, as they argue, you haven't actually lost money because you have physical inventory for your loss.  They apparently make it seem like buying more inventory than you sell has a sunny upside

'blueskies

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Re: BigLaw salaries going down to 144k for class of 2009?
« Reply #11 on: March 13, 2009, 07:36:25 PM »
I'm not going to lie...it's really strange that you know that