4 opinions

[2centsworth]

You want to make loaning money to drug dealers tax deductible?

Seriously, your idea sucks.

seriously, you're dumb as a doornail. Are you sure you're 55 yrs old? bring a little more to the table than drug dealers.

[CosmicCowboy]

seriously, you're dumb as a doornail. Are you sure you're 55 yrs old? bring a little more to the table than drug dealers.

Get a sense of humor dude...

Seriously,

Bring me a legal business with a 400% profit margin and we'll talk.

[2centsworth]

Get a sense of humor dude...

Seriously,

Bring me a legal business with a 400% profit margin and we'll talk.

Ton of start ups that are able to produce 400% Asset Growth. Profit Margin is something separate. How much did it take to start Facebook?

Lots of Minorities with brilliant ideas, but would struggle to scrape $10,000 together. We need to encourage capital formation in those communities without the bureaucracy of the banks and SBA.

Accredited Investors have the skill to pick the winners from the litter. Lets give them an incentive to hunt.

[clambake]

" o, mr.taxman......don't forget my 25k tax deduction i get for giving a guy to start a business."

"i'm sorry.....did you just say audit?"

[CosmicCowboy]

Ton of start ups that are able to produce 400% Asset Growth. Profit Margin is something separate. How much did it take to start Facebook?

Lots of Minorities with brilliant ideas, but would struggle to scrape $10,000 together. We need to encourage capital formation in those communities without the bureaucracy of the banks and SBA.

Accredited Investors have the skill to pick the winners from the litter. Lets give them an incentive to hunt.

Like I said. Bring me a business with a 400% return on investment and we will talk.

Tens of thousands of well intentioned credits/deduction like yours are what has gotten out tax code so incredibly ed up.

[Drachen]

You want to make loaning money to drug dealers tax deductible?

Seriously, your idea sucks.

I don't think the idea is without merit but maybe use a more realistic profit margin than 4.0

[Wild Cobra]

Let me start by saying this. I haven't yet read any of the 55 responses to this thread yet.

In no particular order.

1. A reduction in the capital gains tax(on stock) is solely a tax cut for the rich and has almost nothing to do with helping the economy.

I disagree. Sure, more rich people invest, but many middle classed Americans have investments that are paid through capital gains. Even houses. if you boy a house and then sell it with a profit, you have a capital gain. What's really bad about this is that the gain is not indexed to inflation, that is unless they changed the tax laws regarding this.

2. Tax cuts don't always mean Revenue Reduction.

I absolutely agree. Less money paid in taxes mean more spending power of the individual, family, etc. This makes for a better economy, and then more tax payers. The difficult part is determining where the sweet spot is.

3. Minorities need access to capital. A TAX Incentive for rich people(accredited investors) to directly invest in Minority owned businesses would do wonders. My idea, allow accredited investors to make $25,000 tax deductible loans to minority owned businesses.

Loans have traditionally been based on risk. It has nothing to do with skin color. How would you make such a tax break? What good is a tax break to reduce taxable money by $25,000 is that $25,000 is completely lost?

Wouldn't it be racist and unfair for the whites who have poor credit?

4. We can eliminate Defense Spending and still have a budgetary problem. Medicare is eating us alive. When people think of Welfare baby, they need to stop picturing minority families on food stamps. White Elderly People are the Elephant in the room.

Yes, but most of us would agree we can take care of the elderly. Why should we take care of those who lack responsibility?

[2centsworth]

" o, mr.taxman......don't forget my 25k tax deduction i get for giving a guy to start a business."

"i'm sorry.....did you just say audit?"

talk about self-regulating. The fear alone would keep most of it legit IMO.

[2centsworth]

Like I said. Bring me a business with a 400% return on investment and we will talk.

Tens of thousands of well intentioned credits/deduction like yours are what has gotten out tax code so incredibly ed up.

Every successful business in America. Btw, the investor gets a tax deduction and interest on the loan.

[CosmicCowboy]

Every successful business in America. Btw, the investor gets a tax deduction and interest on the loan.

Like I said previously, if you have a legal legitimate business plan that nets a 400% annual return then bring it to me and we will talk. I don't need no stinkin tax deduction to partner on something like that.

[RandomGuy]

Like I said previously, if you have a legal legitimate business plan that nets a 400% annual return then bring it to me and we will talk. I don't need no stinkin tax deduction to partner on something like that.

+1

I think the best way to do that is to write a book about "how to make money in the stock market". Copy, paste, publish. Some sucker will buy 'em out.

Just need to change up the wording and make people who buy the book feel like they are in on some big secret.