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Minte · 12-06-2010, 12:57 PM

The tax initiative that has made a big difference to small business is the rapid depreciation of capital assets. Over the last 8 years we have spent many millions of dollars on new machine tools(and jobs). Rather than having to write those investments off over 10 years we have been allowed to do that in 3-4 years.

Taking that depreciation faster allows profits to be used for investments rather than paying a big tax at the end of the year. It's been a fantastic money management tool and if it disappears I predict things will get a lot worse in the economy.

Without more tools and equipment there can't be more jobs created.

12-06-2010, 12:57 PM
Minte Babemeister Industry Role: Join Date: Jun 2001 Location: Madison Posts: 7,081	The tax initiative that has made a big difference to small business is the rapid depreciation of capital assets. Over the last 8 years we have spent many millions of dollars on new machine tools(and jobs). Rather than having to write those investments off over 10 years we have been allowed to do that in 3-4 years. Taking that depreciation faster allows profits to be used for investments rather than paying a big tax at the end of the year. It's been a fantastic money management tool and if it disappears I predict things will get a lot worse in the economy. Without more tools and equipment there can't be more jobs created. __________________ You might not be as anonymous as you think you are.