Posted 12/15/2015 10:57 (#4961289 - in reply to #4961214) Subject: RE: Laffer Curve and Supply-side Economics
Central North Carolina
idea1947 - 12/15/2015 10:12
That is a seductive argument that has been used to great effect for the past 40 years or so, problem is it is not supported by the empirical evidence.
Please explain, i am not following you.
I realize that the 179 is a tax benefit and allowing it to expire is a tax increase on businesses farmers included.
The tax benefit is only that it speeds up the deduction and saves money as deductions now are worth more than in the future due to the time value of money. It is not a credit or a special deductions, just a faster than normal one. It is particularly useful due the ability to time it's use.
179 deduction - email your Congressman/Senator
