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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (425608)	10/13/2008 4:18:52 PM
From: i-node	Read Replies (1) \| Respond to of 1574750

>>> you hire people because of increasing business, not because of Gov This is exactly right. No amount of tax credit is going to cause a business to hire people it doesn't need. It just won't work. Even as far back as the 60s, we had the "Jobs Credit", which was up to $6,000 to hire people from "economically disadvantaged" backgrounds. In 15 years of tax seasons consisting of thousands of tax returns, I prepared form 5884 exacly ... ONCE. Tax credits will provide incentive for people to INVEST in infrastructure. But that's different. You spend, for example, $20 Million renovating a qualified building and you get $2M in tax savings THIS YEAR, that's an incentive (since you've financed the $20M, you get a net advantage in the current year). But when you are going to have to hire, pay, train, outfit, and deal with an employee, a $3k tax credit gets you nowhere, and that employee may well be gone before the year is up.