Audiophile TT article in Forbes


I am going to try one more time with this tread because I believe the Audiogon Moderator is flagging this because of the naming of a name. In the latest Forbes special issue there is a nice article about the resurrection of vinyl and Audiophile grade TT. The article shows some nice pictures of high end grade TT with there tone arms and statements from VPI owner claiming every time he wakes up he pinches himself to think in a digital age sales are up steadily. But the big eye opener was that very well known vinyl and turntable guru from a major audio magazine is purchasing a one hundred grand table and tone arm combo Continuum Audio Labs Caliburn turntable & Cobra tonearm
for much less than retail what is much less the article never states but I would guess to venture half off listed which if my math is good would be fifty grand total. Now I don't really have a problem with this but in the article the writer states he the well known guru reviewer is also going to write off the purchase as a business deduction? I am not a CPA or a tax attorney but I would guess that this would raise a red flag at the local/federal tax office as being a LUXURY item. Can you honestly think that standing in tax court a judge wouldn't ask you do they really make a 100 grand turntable and why do you need this piece of gear just to listen and review a record or even having to compare it to the competition.
schipo
You bring up Haliburton and Irag then advise not to make thread Political............Hypocrite.
Back to the point, isnt this turntable story old news, I think he has had it for months?
Probably no issue with depreciating that TT for tax purposes, provided the tax deduction is partly recovered by the IRS later on, reflecting the proceeds of resale.

And in the stratosphere of high-end TTs, anybody who pays anywhere near list price is a fool, be he reviewer or not.
If it was installed in his place of business it might fly. If it is installed in his living room, not so clear. One good way to get audited is to brag about such things in the media.

The government has some appreciation for a fine turn table. Didn't the Library of Congress buy 3 Simon Yorke series 7's? They where "part-developed for the United States Government, Library of Congress Audio Preservation Facility"
According to the Yorke site.

Schipo, pretty disingenuous introducing politics to your own thread, then asking others not to.
Schipo was quoting from Narrod's post regarding the Iraq/Halliburton thing.
I never brought politics into the discussion I was just quoting another member who brought it to this tread.