How complicated tax laws undermine efforts to create a fair, growing economy
The First-Time Homebuyer Credit didn't add much to GDP, but it was still a success in some respects.
Small and medium-sized companies are particularly responsive to bonus depreciation.
We often hear about corporate America, but rarely about “pass-through America.” Yet pass-through businesses—sole proprietorships, S corporations, and partnerships—account for 94 percent of US businesses, more than 60 percent of net business income, more than half the private-sector workforce, and 37 percent of the total private-sector payroll, according to the Tax Foundation, a tax policy research organization.
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