re: #133 BryanS

But think of what the ‘normal’ system was—if say my business had a net of $200k, and I spent that same $200k on equipment for business expansion, I would only be able to expense, depending on the type of equipment, say 10% or $20k. So I’d still owe taxes on $180k—which adds up to when all is said and done pretty close to half of that going to taxes. So before this temporary break, I could only afford to spend half of my profits to grow my own business because the other half went to taxes.

And you can expense the rest of the cost of the equipment via depreciation for the life of the equipment. So you gain a tax advantage next year and for years to come. Why did you leave that part out?