only the too-large-to-fail lenders got the capital infusion
but the more rigid reserve requirements and tightened federal reserve scrutiny are now imposed on all banks, making it more difficult for community lenders to authorize anything other than the most secure loans
You are aware that laws that affect, "corporations", by law, must be applied to all corporations, equally, regardless of that corporation's size?
Obama is the president of higher business taxes and more regulation. Someone, please, explain to me how he's looking out for small business.
Now lets reflect on which side of the Congressional aisle that imposes most of those costs and regulations on small businesses and who supports the greedy plaintiffs' attorneys increase costs as well?
getting the financing to launch an enterprise was the foremost concern of start ups and effectively marketing to keep the doors open was of the prominent matter once the business was established
next was the inability to provide health coverage for employees at a reasonable cost and to thereby allow the small businesses to compete with the large business counterparts for the better employees
government regulations and red tape were seldom encountered ... even within the portfolio of federal contractors i served
you must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no differenceEtate taxes don't hurt Proctor and Gamble but that tax is pure hell on small businesses.
any trouble with your short term memory lately, as it seems you have forgotten the dilemma the republican 'deregulation' mantra has has imposed on our nation's economyNow lets reflect on which side of the Congressional aisle that imposes most of those costs and regulations on small businesses and who supports the greedy plaintiffs' attorneys increase costs as well?
Estate taxes are not paid by the person inheriting. They are paid by the estate. Some states levy an inheritance tax; most do not. But at the Federal level, the estate is taxed, not the person receiving the inheritance. I've read this misinformation from you several times now. Read the link. HowStuffWorks "Estate Taxes and Inheritance Taxes"You must have slept thru the law school semesters while the tax and estate curriculums were presented, squire. that person who inherits the P&G stock has to pay estate taxes just as someone who acquires an interest in a small business. there is no difference
Thank you, Quazi!
the estate tax fans constantly note that only a small percentage of estates are taxed but many more spend billions on lawyers, accountants etc trying to avoid it. Just like the income tax, it causes lots of inefficiencies
Totally agree on all points. To me, an estate tax is nothing more than confiscation of wealth. Gift tax pretty much the same, except that effects millions more people than estate tax. I don't think the gift tax is enforced too well, but it's there, nonetheless. You're right about all this talk of planning. Why plan? Why double-tax? It doesn't take too much to get to $1 million, really. A couple of homes, diligent savings/investing, 401K, SEP. A million just isn't what it used to be. Ha!
Thank you, Quazi!