Quote Originally Posted by dragonrider
I'm not an expert on taxes, and I'm not going to deny that the cost of taxes cuts into the bottom line, which it obviously does. But I'm not sure I believe everytihg you said here is correct. I think things like the salaries, raises and bonuses you mentioned are deducted from the taxable income of the business. And a lot of the cost of expansion that you mentioned can also be deducted and depreciated over time as well.
It's a deduction; but for instance if you pay someone 35k... that doesn't equate to 35k back into the pocket of the business or even necessarily take 35k off their net income.

Also deductions and depreciation don't help businesses to get funds needed initially to expand. Raising their taxes would further make this difficult.
daihashi Reviewed by daihashi on . mccain obama debate #3 WTF was mccain talking about when he said that canada's response to obama's nafta policy was "we'll sell our oil to china"? i live in canada and i never heard anything remotely like that from any canadian in politics or coffee shops i think obama took that debate but he was weak in his counter-offence to mccain...i think he was trying to take the high road...obama would have done a better job of that by apologizing to mccain for taking the low road on negative campaigning Rating: 5