Since the end of the third quarter, we made an initial $2.1 million investment in Cyclo Therapeutics, Inc. and have an agreement to increase our investment by $5 million NEWARK, N.J., June 13, 2023 . | June 13, 2023
i keep trying to figure out how to get paid in british pound. how do you end with a currency as one thing but spending it in another era. that s what taxes are. well, this this case it s american dollars. but we re kuz using the accounting rules to move the money from one place to another. and apple through the research and development agreement moves this out of the company. it s true the logos are here. but many other companies the logos are offshore. so every time you buy x they take the profit and turn it into a tax deduction. the alchemists had it all wrong. there is a potential upside in this. it may take a long time to work this through. all the sort of gain that he s talking about applies to income taxes. corporations love incomes taxes. now as much as the congressman was sort of afraid on taking on apple strongly, the revenues
in grand junction, colorado, the new plan is no income tax increase next year. neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? that s what we don t know. he s promising that for one year he won t raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. after a year they will let them go up on everyone. neil: two weeks ago we got in the issue of what is a tax hike? we were talking about all the special breaks, allowances, write-offs at some businesses
the middle 20% pay 9.4%. the top 20% pay 67.9% of total incomes taxes. it s not like in stone and immovable but an escalator with people moving up and down over time. if you are born in the lowest 20%. the likelihood is you are not going to end mup lowest 20%. in part, people start careers, the incomes are low. as they advance or get experience or get married or start a business, income gro grows. 60% of the people started in the bottom fifth make it out of the bottom fifth ten years later. the recession hurt top earners the most. bottom 80 losing 5% in income. top fifth, 18%. top one, 36%. bret? bret: jim, thank you. next up, has hope and change