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Red River Valley | better than that I guess that you will be forced into paying at teh 76% rate I think most can out manage that problem.
didn't mean to imply that I only had 4 yrs left to farm what I was saying is that if you give me 4 yrs. head-up on the change then I will buy all the new equipment I need in that 4 yr. period then take the deperication and that new equipment ( or upgraded equipment ) will last me 15 yrs. for the most part which put's me out of the market for new purchases. And btw since there is no Income tax under your system I will double dip from there forward because I won't have to pay Capital gains on the depreciated Equipment.
I'm not even opposed to your plan just am more realistic about what it will do to very big ticket equipment spending.
If you can get a clean change that does not require some " allowances " I'm all ears just that every plan I've seen comes to this point and falls apart. Small business spending stagnates!!! | |
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Quite a bloodbath today.
