Re:You Can't Engineer Around Taxes
by adgar on Monday June 11, 2012 @04:48AM
(#4093718)
My father started a small roofing business in 1980, selling it just recently to an employee; that tax break was absolutely crucial to getting work going again. Luckily, my father's now-sold business had the bankroll to take full advantage of it. The credit others needed wasn't trivial to come by.
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Re:You Can't Engineer Around Taxes
by adventureful on Monday June 11, 2012 @05:21AM
(#4093800)
Just to clarify, I wasn't arguing for or against the expensing tax adjustment break (nor whether it was a benefit to the economy). I was pointing out that the claimed 12.1% effective tax rate isn't an accurate representation of corporate taxation in the US.