Where does Larry Kudlow buy his suits?

[xpiratesxcorex]

Although I can't respect his economic opinions, his suits are stylish. Anyone know where buys them? Or what style they are?

[aiki14]

Although I can't respect his economic opinions, his suits are stylish. Anyone know where buys them? Or what style they are?

He has used a tailor by the name of Leonard Logsdail for many years, and he buys many of his ties from a clothier named Eugene Venanzi. If you're not used to buying designer suits in Manhattan, the prices will give you an arrhythmia.

Leonard is at 9 E. 53rd
Mr Venanzi and his wife have a place on 56th, between 5th and 6th, and if you are big and tall he is the man for top of the line shirts.

[netwrangler]

He has used a tailor by the name of Leonard Logsdail for many years, and he buys many of his ties from a clothier named Eugene Venanzi. If you're not used to buying designer suits in Manhattan, the prices will give you an arrhythmia.

Leonard is at 9 E. 53rd
Mr Venanzi and his wife have a place on 56th, between 5th and 6th, and if you are big and tall he is the man for top of the line shirts.The beauty of it is, I'll bet Kudlow can write off the cost as clothing required by his employment — that given the persona he wishes to project on TV.

[aiki14]

The beauty of it is, I'll bet Kudlow can write off the cost as clothing required by his employment — that given the persona he wishes to project on TV.

Nope, you can't write off suits, only clothes required by your job that are not typically worn for any other reason. Even if your job requires you to wear a suit, it doesn't qualify for the deduction. Dry cleaning however does qualify as a business expense.

[freakscene]

Although I can't respect his economic opinions, his suits are stylish. Anyone know where buys them? Or what style they are?

why cant you respect his economic opinions?

just curious, thanks.

[wallstreetsedge]

Nope, you can't write off suits, only clothes required by your job that are not typically worn for any other reason. Even if your job requires you to wear a suit, it doesn't qualify for the deduction. Dry cleaning however does qualify as a business expense.

really? most people i know write off suits as 'uniforms'.. ill have to double check now lol

[aiki14]

really? most people i know write off suits as 'uniforms'.. ill have to double check now lol

From IRS pub 529, note the 2nd to the last item:

You may be able to deduct the following items as unreimbursed employee expenses.

Business bad debt of an employee.

Business liability insurance premiums.

Damages paid to a former employer for breach of an employment contract.

Depreciation on a computer or cell phone your employer requires you to use in your work.

Dues to a chamber of commerce if membership helps you do your job.

Dues to professional societies.

Educator expenses that are more than you can deduct as an adjustment to income.

Home office or part of your home used regularly and exclusively in your work.

Job search expenses in your present occupation.

Laboratory breakage fees.

Legal fees related to your job.

Licenses and regulatory fees.

Malpractice insurance premiums.

Medical examinations required by an employer.

Occupational taxes.

Passport for a business trip.

Repayment of an income aid payment received under an employer's plan.

Research expenses of a college professor.

Rural mail carriers' vehicle expenses.

Subscriptions to professional journals and trade magazines related to your work.

Tools and supplies used in your work.

Travel, transportation, meals, entertainment, gifts, and local lodging related to your work.

Union dues and expenses.

Work clothes and uniforms if required and not suitable for everyday use.

Work-related education.

[netwrangler]

Seems to me the way for Kudlow to defray the cost of his suits is for him not to own them in the first place. Let the CNBC-wardrobe department own them and put a clause in Kudlow's employment contract requiring him to wear those suits on-air.

The issue then would probably turn on what Kudlow wears when not on-air. Nevertheless, I'll bet top lawyers would be able to write a clause where at least some of the cost would be written off as a business expense — either to Kudlow or the CNBC.
One could even imagine CNBC paying Kudlow rent to store their wardrobe suits in his closet.
Of course, that rental income would be taxable. :wink:

[Jelly]

I was a suit model. ....................bathing suits (surfer trunks, to be exact). Hehe