re: #433 WindUpBird

Hey, don’t you get tax breaks for investment? I mean, i’m investing in my business…I don’t know if you have an accountant, but mine told me that some stuff is deductible! COOL, HUH?!?!?!?!?!?!?! :D :D

I’d love for there to be more incentives on investment, and them slam the shit out of people who hoard or buy luxury items.

But you know, actually making it into a law, scares the shit out of Republicans so here we are, whee hoarding

No, not entirely. I think we’ve had this debate before. Capital equipment is only deductible up to $150k. That might work for some businesses, but any capital intensive business is only allowed to recognize a portion of their cap ex each year through depreciation. Spend $500k now on 10 year property, only get to recognize $50k each year for your tax return over the next of each subsequent year.