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We don't have enough equipment for that, we haven't even been declaring depreciation. Everything I do is internet related, there aren't many physical assets required.
I even claim all the cost of our dogs because they are in the ads.
First off, I would consider myself a conservative, but I'm not buying this one. The claim that lower taxes on the rich creates jobs doesn't make sense to me.
I run a small business. I make as much money as I can. I get taxed on profit. Lower taxes wouldn't encourage me to create jobs or expand. I hire when I need to hire (based solely on profit before taxes), simple as that. Once I put money in for expansion, that money is no longer profit since it goes straight to expenses. If anything, I'll put more money back into my business if I know I'll be taxed higher, since if I don't invest it I'll have to pull it out as income and be taxed on it.
Shouldn't we be making it as easy as possible on the smaller businesses by shifting the tax burden upwards? Doesn't small business provide most of the employment in the country? Wouldn't we see much more expansion giving thousands of small businesses lower taxes instead of a couple larger corporations?
With 30 plus years of seeing the BS espoused and doing nothing for the people who are supposed to be benefiting, only get actually trickled on, it's no wonder nobody buys it. But a lot of people will still try to sell it.
regulations are infinitely worse than taxes. for instance a local businessman here in tucson wanted to expand his business, so he bought a piece of property to do just that. the property cost him about $4 million, and the property taxes were $58,000. long story short, it cost him $750,000, four years, and a change in lenders to cut through the red tape from the various government agencies to get his plans approved. he has to submit several sets of plans, only to have the original set approved eventually, and each set of plans had to be checked by various engineers, and environmental impact statements for each set of plans had to be filled out.
yes government regulations are far worse than taxes.
That's crazy. These regulations are also regressive by nature though for the most part aren't they? Smaller businesses can get hit bad whereas bigger business can usually absorb the extra costs.
I agree with you, Sam. I think that deep tax cuts for the wealthiest Americans does not stimulate the economy. It just concentrates capital into fewer and fewer hands, ultimately hurting small business owners and other members of the middle class.
I agree and disagree. First i think people like Bill Gates should pay high taxes. HOWEVER in our current tax codes Small Business owners like myself are considered (Rich People) When most of these Small Business owners are just middle class. We need to rewrite our Tax Code cause right now its unfair.
I agree with you, Sam. I think that deep tax cuts for the wealthiest Americans does not stimulate the economy. It just concentrates capital into fewer and fewer hands, ultimately hurting small business owners and other members of the middle class.
Agreed. Trickle down has never, and will never work. All it does is gives everything to the rich and mega corporations who just pocket the taxpayer funds. The key to a booming economy is what we saw with Clinton. Fair tax rates, and an emphasis on promoting small business. This was a dynamite combination leading to a booming economy.
Agreed. Trickle down has never, and will never work. All it does is gives everything to the rich and mega corporations who just pocket the taxpayer funds. The key to a booming economy is what we saw with Clinton. Fair tax rates, and an emphasis on promoting small business. This was a dynamite combination leading to a booming economy.
Those are two different tax structures..one for individuals and one for corporations. Can't lump both together like that.
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Trickle Down Economics
