Are you all ready for the 2025 10-K to come out in a few days and see PP and the soulless ghoul squad all getting another 8-15%+ bump.
Our hollow shell of a MP is about to make $30-33M+ and the rest of her sycophant cronies $20-25M+!!!
But we need to manage our costs and get more efficient folks!!!!
@kg The firm pays GP income taxes. Not a law, just a loophole that is part of the IRS coding on Partnerships. The OP was directionally right. https://www.irs.gov/businesses/partnerships
@jt a tax law that allows them to write off 80% of their income? What gets posted on here is comical sometimes.
@jt Are you saying the 10-K only shows income net of taxes unlike any other way income is reported?
It won’t look as big as you think due to a major tax law change that allowed all the GPs a huge tax write off. They got the same large cash flow but their income looks like 1/5 of what they actually made
I guess penny found her "north star".
Seriously, how does this pass the smell test? Slash and burn the labor costs so the higher ups can loot the treasury and waste countless amounts of money on d-mb PR and home office HGTV projects?
Wish I had the vomit emoji ...
Is this what those other companies dealt with before the 2008 collapse? Money being spent on one stupid thing after another, execs looting the treasury, labor being sh!t on like it's their fault, then bo-m! Bottom drops out and everyone claims "they didn't see it coming."
Truly unbelievable