Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000.
There is a fundamental unalterable law of economics: when your outgo exceeds your income, your overhead will be your downfall.
Imagine: Who would live in such opulence? The Pictures Below Tell The Story! An American Billionaire? A Saudi Prince? Louis XIVof France? Rush Limbaugh? The answer to all of the above is wrong. Completely wrong. Have a good look at these pictures, then scroll to the bottom of the page to see who owns this [...]
Right now, they are even taxing your headaches!