4 ms·
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.
by adgar 14y ago
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.
- adventureful 14y agoJust 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.
- adgar 14y agoYep, I know, just chiming in with some relevant experience.