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Originally posted by sailor
No one has seen it here, and you still havent given one. Sheesh 
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I cut and pasted it, since you obviously did not read it I will say it again. As a small business owner I make 100,000 for the year. but I have expenses for running that business. they come out to 50,000. therefore I have made a profit that year of 50,000 for which I should be taxed. the same 100,000 made as a salary does bnot have operating costs and should be taxed on the whole amount. now that is en example of a "loophole" as you call it. it is needed and must stay in place or you put all small business under.
Quote:
Originally posted by sailor
Again, the government granting ways out of taxes to certain special interest groups (be them industry *or* people of means) is no different than spending excess money. It would be as if you are running your small business and decide to let some friends pay you less for what you sell and then bitching when you go under. Thats not the way you run a business, and thats not the way the government should be run either.
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Look at it this way, if a corporation needs help from the governement in terms of less taxes so they can build another factory that will employ thousands of people, which the government would then make the money back by taxing the company on payroll and the employees income, then it makes sence to me to do it.