Comments on: Gifts This Season

By: Kelly

Kelly — Thu, 29 Nov 2007 19:25:14 +0000

Excellent considerations.
Though – are there going to be many geese still about fit for laying after the holidays? Those Brits eat a lot of Christmas goose, no?

By: Maddy

Maddy — Thu, 29 Nov 2007 15:26:23 +0000

Another issue to think about is that the 12 days of Christmas begin on December 25th – so, for all subsequent days, you may be able to get some post-Christmas bargains. Now, the milkmaids may require some “holiday pay” because their first “gig” is scheduled for January 1st, which is a national holiday – and do you already have the cows, or are they provided by the maids – who gets the milk? Finally, all of the “performance” gifts fall after New Years Day – which is, generally, a down time for performing artists – so you may be able to get a bargain.

By: Kelly

Kelly — Thu, 29 Nov 2007 15:03:56 +0000

Excellent points, Jim.
And then there is the extra help required to take care of all of them…

By: All I Want For Christmas…

All I Want For Christmas… — Thu, 29 Nov 2007 14:18:46 +0000

[...] up on my post about the 12 Days of Christmas, which of the gifts would you most [...]

By: Jim Newhard, CPA

Jim Newhard, CPA — Thu, 29 Nov 2007 13:10:10 +0000

As a tax and financial advisor, my thoughts go to two questions/thoughts:
1) To purchase all of these things, shouldn’t we factor in the home upgrade required to house and a barn/mini-bird sanctuary for an additional 48 people and 22 birds? Then there is the zoning issues, the potential noise violations, the soil and light considerations of a pear tree, not to mention the cost of feeding all these people and animals! And last but not leaset, there’s the interest costs on the physical structure (additional mortgage — hopefully qualifying interest and suffient tax income to utilize the huge interest write-off assuming of course the individual is not socked by AMT)!

2) Wouldn’t it be cheaper just to lease these 12 things???

just thinking…