written by reader Tax-paid investment — too good to be true?

By hayesb, August 14, 2014

Some time ago the following was mentioned in the course of another discussion, and no one picked up on it, (unless I missed it)

http://powertaxcredit.com/

Supposedly, even at a 20% tax bracked, one invests in this company, pays 30% donw, and the goverment tax credit for the investment, plus the depreciation,, more than repays your cost, and you get income and equity in following years.

So what’s the catch? Obviously, you owe for the remaining 70%, so if the co goes patas arribas you still owe? What else?

What red-blooded investor wouldn’t want to regain otherwise unrecoverable taxes he’s paying, even it most of it goes into a company which may or may not survice.? If it ”works” your have free equity in a business, if not, you’ve still made a little money (unless a bankrupt cojpany’s creditors get to you). Sounds like a win-win whatever happens (with the exception)

What else am I missing?
El Piloto

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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