"Harry Krause" wrote in message
...
NOYB wrote:
"Harry Krause" wrote in message
...
NOYB wrote:
"Harry Krause" wrote in message
...
NOYB wrote:
"Tim" wrote in message
oups.com...
its $2.15 here, and when you take about .40 cents per gallon of
State
and Fed taxes off, it could get better, but that's not gonna
happen.

That's the irony of the most recent congression hearings into the
large oil company profits.

The oil companies make about 7 1/2% profit. The government makes
almost 20%...but nobody is investigating the government's profits!


Government's "profit?"
Yes, tax revenue is a profit...until the government wastefully spends
it again.




Uh-huh. Is that what you learn on NewsMax?

If revenue comes in, and you don't purchase anything with the revenue,
then what do you call the money that is left over at the end of the year?
The IRS calls it profit.

I just bought 4 Dell computers and $6k worth of dental handpieces because
I wanted to take advantage of my Section 179 tax savings before the year
ended. I could have made it awhile longer on the older equipment, but
*chose* to spend the money now. If I didn't buy the computers and
handpieces, I would have ended the year with an additional $11000 in
profit.

Get it?





We're not talking about your dental practice and its profit. We're talking
about the government.

Oh, and I would eliminate that "tax savings" for your dental practice, and
all other forms of business welfare.

And I (and most small business owners) would eliminate year-end purchases
that are done with the intent to save taxes. That can't be good for the
economy.

And I also planned on taking 1/2 of that tax savings and giving it to my
employees as a holiday bonus. I guess I'll just have to forgo the bonuses
this year too.


The Section 179 expense is just an accelerated form of depreciation. It
does all kinds of wonderful things to spur the economy...particularly in the
short-term.