re: #284 lawhawk

You’re not having a 2% increase. The increases will be anywhere from 33% to 10% or more, and capital gains taxes will hammer those who invest.

Umm…I’m not sure how you know so much about my business, it’s kind of creepy.
No, my tax liability will not go up that much. If money is invested in equipment, it’s a tax deductible write-off. If it’s invested elsewhere, the capital gains tax will only apply once profits have been made and cashed out. Either way, I have to make money to be taxed on it.

If I don’t spend the money, and thereby don’t help the economy, I will be taxed more. So, in a way, taxes are a good incentive to invest. But, as I said earlier, I’m a really small business, operating as an LLC, so I don’t have to worry about that much anyway.