@Brandon9000,
Brandons logic is amusing. He is certain that OBAMA is favoring soaking the rich, yet he seems to realize that the wealthy have an unfair advantage with the present tax code. Does he want even MORE of an unfairness to be continued?
Despite that, he is in favor of a tax cdode change that is neither on M<cCain nor Obamas platform? Hes a Steve Forbes guy.
I dont think that either ceej or Brandon have had the responsiblity of doing a business start up (otherwise they would understand the credits and defeements and deductions one is allowed in the start up phase). Actually , it seems that they also miss the fact that Joe the Plummer is equally as ignorant (hes so dumb that he actually believes that hes gonna be taxed for the investment in a new business--perhaps thats why Joes fiscal life seems to be in somewhat of a chaotic condition). Until the tax misunderstandings get corrected by Joe, ceej and Brandon, we cant move this topic along to any new level. I see that ceej has launched into his all too familiar childish insults and Brandon is trying to divert attention from CI's right-on points.
Brandon, so what if we get ad hom with you, YOU are very dense about this topic my friend. Now thats not an ad hominem, its a FACT.
MAke believe that you are opening a business and do a plan and get some advice as to what your tax profile would be for at least 3 (and more likely 5) years .
Now the very wealthy (especially those who divert their ordinary income to be deferrals or cap gains) or other more sinister areas of "tax assisted wealth management", can accomplish so much by good tax management.