As I think more about volatility and tax rates, wouldn't it work a bit like leverage?
This is me stepping off a cliff but it seems like highly leveraged transactions are more volatile than less heavily leveraged ones. If percent due for taxes goes up then there is less "equity" in the deal.
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As I think more about volatility and tax rates, wouldn't it work a bit like leverage?
This is me stepping off a cliff but it seems like highly leveraged transactions are more volatile than less heavily leveraged ones. If percent due for taxes goes up then there is less "equity" in the deal.
I have no idea what I'm talking about.
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