John T. Reed’s news blog

Amusing to watch all the Dems calling Trump the biggest loser in America for his alleged tax losses..I am the author of Aggressive Tax Avoidance For Real Estate Investors, now in its 20th edition, over 100,000 sold. Trump was a real estate investor..Prior to the Tax Reform Act of 1986, which makes real estate investors suspend rather than deduct losses, real estate investors would typically have huge tax losses while having positive cash flow. They were mainly from depreciation deductions which are not a cash expense. They were also from interest payments that ARE cash expenditures and deductible but they...

A reader ordered six of my Succeeding books this week. That reminded me that it is a great graduation gift..Young men and women are told that the key to success and happiness is to go to college or a trade school and work hard. Colleges teach subject matter—useful if STEM; mere educated-person signalling if not STEM..There is a lot more to it than that. My book is real world. For one thing, it explains that the adult world is not organized by subject matter like high school or college. The more important organizing categories are self-employment versus commissioned sales versus...

I just heard Dr. Sanjay Gupta, MD commend Pop Warner Football for outlawing the 3-point stance at the lower levels of youth football. This is apparently an anti-concussion rule. The 3-point stance is used by offensive and defensive linemen and some running backs. In the case of linemen, it is because “Low man wins” in contact between opposing football players as evidenced by that ancient coaches admonition to players. Running backs use the 3-point stance to get a faster start like a track team sprinter..1. Concussions come from high speed contact. Contact between linemen upon the snap of the ball that...

This is a collection of recent posts on my Facebook account..It is a great mystery to me, and maybe most other men, why many beautiful women choose men who are not attractive as their spouse or boyfriend. Felicity Huffman, who is a TV star albeit not that great looking, has a husband who looks like a homeless guy, even when he’s wearing a tux. (William H. Macy of Fargo fame) Lori Loughlin, who IS great looking, is married to another old homeless guy. (American clothes designer with an Italian first and last name? He was formerly good looking.).I guess one...

Further evidence of the idiocy of Main Street investors: The Lyft IPO indicates that company is worth $26.5 B..The following phrase appeared in the WSJ 3/30/19 article about the Lyft IPO: “...both [Uber and Lyft] still post big losses, but their revenues are growing sharply.”.That statement shows the idiot mentality. The word “but” implies that “revenues growing sharply” render “posting losses” no problemo. Bull. .There have been cases where a company with a combination of long loss periods and high growth eventually became profitable—mostly Amazon. But more often, companies that produce nothing but losses during their initial decade or decades should not attract...