Posted by oldtanker on December 10, 2016 at 11:34:51 from (66.228.255.59):
In Reply to: My new loader posted by showcrop on December 10, 2016 at 05:00:07:
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Mark I'm not sure the logic is right but this is how it was explained to me by my banker: If lets say you would have to pay 30K in taxes but if you bought something that would reduce those taxes to say 10K that saved 20K can be applied to the cost of buying said item. And at the end of the day you have the item which has value instead of letting the government just spend it and have nothing to show for it.
Now on the other side by the purchase of that machine how many workers still had a job? And if the government has spent that money how many workers would have that job? That loader most likely kept 20-30 or so people employed. The government can't think about employing or creating even one job with the different in tax money! So some would claim that say Wal Mart, who's gross profits are annually in the billions of dollars, is cheating the government out of a lot of tax money when for taxes they are only reporting under one billion. But how many people stayed employed or were hired with construction of new stores or involved in remodels? Simple answer is a lot more than the government would employ!
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