This doesn't make sense to me, can someone explain it in a way that helps me out?

[bongsaway]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

 

[Napoleon]

The business hast to spend the money in order for it to be tax deductible and being tax deductible doesn’t mean anyone else pays for it.

 

[bongsaway]

The business hast to spend the money in order for it to be tax deductible and being tax deductible doesn’t mean anyone else pays for it.

Ah, so if my business spends 100k for upgrades and I get all that money back, who paid for the upgrade? I'm not asking you who doesn't pay, I'm asking who pays if I get back all the money I spent? This work won't get done without money.

 

[Napoleon]

Ah, so if my business spends 100k for upgrades and I get all that money back, who paid for the upgrade? I'm not asking you who doesn't pay, I'm asking who pays if I get back all the money I spent? This work won't get done without money.

The business pays. It doesn’t get any of the money back. The cost incurred by the business is just deducted as a business expense from its tax liability.

 

[Peacenik]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

Government that was helping small businesses grow has been "gotten out of the way," so small businesses that used to get help from the federal government are now on their own. This is how Trump thinks the federal government can help small business - by ending the help they got under the Biden administration.

"Iowa Republicans now face the challenge of having to defend the elimination of the renewable energy tax credits in Trump’s trademark legislation that they sought to protect."

Ha ha! Trump made them look like fools. Pretty much the ante for being in what's left of the Republican party / now maga party.

"We are the number one producer and consumer of wind. We’ve made this work,” Nunn told CNN."

Well, we know Nunn is a major producer of wind himself...

 

[hecatmoggie]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

they still would be paying for it

it'd just be a deduction

 

[ModernDiogenes]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

Costs of doing business are legitimate deductions from revenue as there expenditure reduces profit.

If I’m a business man and I sell a widget for $20 to a reseller I don’t pay tax on $20. I pay tax on the profit which the cost to the reseller minus what it cost me to produce it. If my markup is 100% then I’ve doesn’t $10 to produce that widget and I pay tax on the $10 profit.

The cost of ,y expanding my factory to produce more widgets is an expense. I can legitimately deduct that expense from my inbound revenue stream as a cost of doing business.

In the past those deductions were taken in increments over time. Trump changed that so that its entirety can be deducted in one fiscal year.

I don’t have a problem with that, as long as the law is written so that deduction can’t be padded.

 

[craig]

Costs of doing business are legitimate deductions from revenue as there expenditure reduces profit.

If I’m a business man and I sell a widget for $20 to a reseller I don’t pay tax on $20. I pay tax on the profit which the cost to the reseller minus what it cost me to produce it. If my markup is 100% then I’ve doesn’t $10 to produce that widget and I pay tax on the $10 profit.

The cost of ,y expanding my factory to produce more widgets is an expense. I can legitimately deduct that expense from my inbound revenue stream as a cost of doing business.

In the past those deductions were taken in increments over time. Trump changed that so that its entirety can be deducted in one fiscal year.

I don’t have a problem with that, as long as the law is written so that deduction can’t be padded.

Doesn't the 100% depreciation of a capital access that will last many years encourage a boom bust or whipsaw effect on future profits? Also doesn't the book value of those assets decline faster and affect the balance sheet since early sale will require a depreciation recapture tax be paid? I am thinking of the huge infrastructure for AI being built now and the empty housing boom that is affecting China's economy today.

 

[TobyOne]

It's a deduction.

"David, a write off is a business expense used to reduce your taxable income"

"Ok, then why isn't it called a "tax write off ?!?"

"It is !!! Its is!!!"

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

 

[mrjurrs]

The business hast to spend the money in order for it to be tax deductible and being tax deductible doesn’t mean anyone else pays for it.

Every tax deduction raises taxes on every other tax payer.

 

[Napoleon]

Every tax deduction raises taxes on every other tax payer.

False.

 

[TobyOne]

Only a liberal would say this. Lol. Its not your money, its the governments money!

Every tax deduction raises taxes on every other tax payer.

 

[phoenix2020]

Doesn't the 100% depreciation of a capital access that will last many years encourage a boom bust or whipsaw effect on future profits? Also doesn't the book value of those assets decline faster and affect the balance sheet since early sale will require a depreciation recapture tax be paid? I am thinking of the huge infrastructure for AI being built now and the empty housing boom that is affecting China's economy today.

It’s a risk/reward trade. Yes, you are right that it can incentivize some boom/bust bad business decision-making. It also incentivizes businesses to ramp faster than they might otherwise do so, which can be a positive in certain situations if you are one participant in a global race and your success is pinned on your ability to scale fast faster than your competitors overseas.

 

[TangoNoCash]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

Say you Build a $10 Million Expansion. You, the business owner, spend $10 million on expanding your facility. Under normal circumstances, you’d depreciate that cost over, say, 20 years. But with Trump-era tax changes, like 100% bonus depreciation, you can deduct the full $10 million in the first year. If your business is profitable and you owe, say, $3 million in taxes, this deduction could eliminate or greatly reduce your tax bill. That deduction doesn’t give you cash directly, but it means you pay much less in taxes, keeping more cash on hand to fund your growth. So in effect, the government is forgoing revenue it would have otherwise collected.

 

[mrjurrs]

False.

You're right, it just increases the national debt (unless of course others pay more in taxes).

 

[Napoleon]

You're right, it just increases the national debt (unless of course others pay more in taxes).

Also false.

 

[mrjurrs]

Only a liberal would say this. Lol. Its not your money, its the governments money!

Only a math-challenged poster would claim it was not true.

Unless of course you would just prefer less tax revenue and a larger national debt.

 

[TangoNoCash]

You're right, it just increases the national debt (unless of course others pay more in taxes).

It decreases the revenue the government takes in which trickles into things like the national debt.

 

[mrjurrs]

It decreases the revenue the government takes in which trickles into things like the national debt.

Correct, or increases the tax burden on others

 

[SCrider]

The business hast to spend the money in order for it to be tax deductible and being tax deductible doesn’t mean anyone else pays for it.

Whut?
You remind me a a Meme about everything that is a write off is free.

 

[TobyOne]

I would prefer less tax revenue and less spending. Math.

Only a math-challenged poster would claim it was not true.

Unless of course you would just prefer less tax revenue and a larger national debt.

 

[Fearandloathing]

Say you Build a $10 Million Expansion. You, the business owner, spend $10 million on expanding your facility. Under normal circumstances, you’d depreciate that cost over, say, 20 years. But with Trump-era tax changes, like 100% bonus depreciation, you can deduct the full $10 million in the first year. If your business is profitable and you owe, say, $3 million in taxes, this deduction could eliminate or greatly reduce your tax bill. That deduction doesn’t give you cash directly, but it means you pay much less in taxes, keeping more cash on hand to fund your growth. So in effect, the government is forgoing revenue it would have otherwise collected.

It's as good as cash as you can borrow against it. Fixed rate in an inflationary economy is making money

 

[daeler]

If I own a business and say I want to expand and put another ten thousand feet of building to increase my business. Who should pay for it? In my mind the business owner should pay, no?

I have always perceived the gop as for business, not the consumer and this to me verifies my thinking.

The administrators and Ernst pointed to wins from Trump’s tax and spending law, which will create several tax breaks that benefit small businesses, such as allowing businesses to fully and immediately deduct the cost of building new manufacturing facilities. The trio also credited Trump with keeping overall inflation tame in July and pointed to investments like the more than $90 billion from private companies across tech, energy and finance to turn Pennsylvania into an artificial intelligence hub.

Thoughts?

If the owner can deduct the costs immediately, who is paying for the upgrade?

Republicans pitch Trump’s domestic policy agenda in Iowa, but some entrepreneurs aren’t yet sold

When Small Business Administrator Kelly Loeffler touted that her agency guarantees approximately 2,000 small business loans every week, Laura Pager, a small business contractor who says she has lost out on millions of dollars in work this year in the wake of the Department of Government...

www.yahoo.com

I think you are confusing a tax write off for a refund, the tax write off just lowers how much they have to pay when taxes are due, they don't usually get money back, they just keep more of the profits they generated.

 

[Maidenrules29]

Ah, so if my business spends 100k for upgrades and I get all that money back, who paid for the upgrade? I'm not asking you who doesn't pay, I'm asking who pays if I get back all the money I spent? This work won't get done without money.

You don't get all the money back. You get to take a business tax deduction for the expense. And its only a percentage.

 

[ModernDiogenes]

Doesn't the 100% depreciation of a capital access that will last many years encourage a boom bust or whipsaw effect on future profits? Also doesn't the book value of those assets decline faster and affect the balance sheet since early sale will require a depreciation recapture tax be paid? I am thinking of the huge infrastructure for AI being built now and the empty housing boom that is affecting China's economy today.

I can argue it either way. The outlay is 100% to the supplier. Now, of course, if you’re capitalizing it with a loan, as much of this would be, it’s not felt that way. Still the 100% depreciation means you don’t have it over time so it’s not a potential advantage to the business’ next annual profit picture.

I get your point though.