The reasonable salary and dividend thing is not really a loophole as the IRS is still getting taxes, just not as much as it might want. It is still as much as if there was no corporation. Let's face it, our government is greedy and wants more than any other partner would want considering they do nothing to help you earn it.

I don't think this is what Kerry had in mind as he didn't seem to know what a Subchapter S corporation was when Bush pointed out that most small businesses pay income taxes at the higher individual tax brackets that Kerry was saying were the wealthy. The shareholder pays the tax (as though they were wealthy) but has to leave the money in the corporation to hire employees and grow the business.

I don't think Kerry ever saw a tax that he didn't like and I don't think there is any doubt that if he becomes president every american's taxes will go up. Kerry is nothing but a voice blowing in the wind and if he wins it will be the biggest scam of the public ever. Maybe we deserve it as he is just tell us what we want to hear.

Bush is correct that taxing small business at such a high tax rate simply keeps small business without the capital needed to hire employees and to grow.

I am not sure just what tax Kerry is talking about (flip-flop) regarding closing loopholes except that he is correct that something has to be done to discourage exporting jobs to other countries.

Kerry talks about being realistic? I don't think Kerry has a clue when it comes to taxes for the average american or small business. The child credits he offered in the last debate sounded to me like the same child credits Bush already has passed into law and we took on our 2003 tax returns.

In my opinion the current income tax law should be scrapped and start over with some other way to raise revenue for government. Why should every american have to go through this mental masterbation every year!

just my 2? ??