Quote:
Originally Posted by Snake Doctor
That I understand, but doesn't really have much to do with capital gains taxes or taxes on the highest earners who don't spend anywhere close to 100% of their income anyways.
I just keep hearing the republican robots on TV talking about how we have to do more to help (i.e. cut taxes for) small businesses because they're the ones who create all the jobs.
I fail to see how the taxes paid on profit correlates to how many employees they need to run their operation.
|
during the Bush admin there were lots of tax incentives (cuts).
For example if you bought a brand new airplane then you were allowed to write off nearly 50% of the value the first year, same deals on new technology (computers and such).
These type tax breaks stimulate economy and makes business thrive..
I am no fan of Bush but this is fact.