The Small Business Tax Help Blog

Posts Tagged ‘ato’

Letters to the Editor for Jan. 15, 2010

I detest an underhanded deal. That goes double when it involves pitting state and school employees against business owners and their employees. In Baker County that means friends and family.

Small Business Concession: S-A-S Test

Coal gets big tax breaks in Kentucky

FRANKFORT — This winter, before the General Assembly decides how much further it may have to

Bill English talks to Bernard Hickey about tax reform, interest rates and the government guarantee

Question: Stimulus plan for business? ?

Business breaks, what do you guy’s think?
The package would infuse cash into money-losing companies by allowing them to claim tax credits on past profits dating back five years instead of two. It also would offer bonus depreciation for businesses investing in new plants and equipment; double the amount small businesses can write off for capital investments and new equipment purchases; allow businesses to claim a tax credit for hiring youths and veterans.

Answer: I think the stimulus is genreally a bad idea for this reason: The amount of GDP we generate per debt we issue keeps decreasing. It is approaching zero. We are like a patient who needs a new diet, but we just keep eating sugar - it's not a solution. We need to take the pain , if indeed we want to be capitalists.

We have no good industry to stimulate. We dont make anything. We cannot just keep propping up asset prices. This is going to create hyper inflation in the not too distant future.

But I will say this - If we are going to give away money, might as well beo to smaller business, rather than chronies of the administration.

Amid rage at banks, new tax proposal evokes mixed reaction

WASHINGTON: With anger boiling over at banks, a proposed new tax on big finance firms drew mixed reactions, with some calling it a fair way to recoup bailout costs and others arguing it will hurt the sector and consumers.

Rep. Welch introduces Wall Street bonus tax legislation