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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (124893)	10/23/2012 9:58:14 PM
From: Sr K	1 Recommendation Read Replies (2) \| Respond to of 149317

If you were in business, and obviously you're not, and both candidates who have a possibility of winning say they want to lower corporate income taxes, on that issue alone, what would you do? Report your "normal" earnings this past quarter and the current quarter? Or use allowed accounting to write off and deduct what you can to report the lowest earnings possible to get taxed at the 35% rate, and increase future earnings to be taxed at the 25% or 28% rate, depending on who wins? Also, there is accelerated depreciation, you can write off 100% of many new physical assets, instead of writing them off over 3- to 5- or more years. Wouldn't you buy what you know you need this year, taking sales from that supplier into 2012, and creating a headwind for 2013? A lot of purchases for businesses are deductible this year, not so for 2013 as of now.