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Old 02-21-2008, 08:08 AM
Redc Redc is offline
Senior Vice President
 
Join Date: Nov 2006
Posts: 131
Re: Tax break for businesses

Quote:
Originally Posted by BDA1 View Post
According to yesterdays WSJ the business tax breaks will cost $22 billion over the next 11 years. The largest tax break will be on accelerated depreciation which permits companies to take much larger tax deductions on this years capital investments instead of spreading them over a number o f years. Under the proposal, a company would be able to add a larger deduction immediately of at least 50% of the cost of the equipment to a portion of the norma deduction.
Leave it to the government to cost us more in tax dollars than the tax break
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