Tackling State Of Small Biz: Zero Capital Gains

President Obama knows he has to help small business if the economy is going to recover. He made four major proposals directed at small business in his State of the Union speech. Rhonda Abrams at USA TODAY takes a closer look and sees what needs to be done to make them really work.

Zero capital gains tax on investments in small businesses. I’m all for this.

For small companies that are seeking investment, it’ll definitely get the attention of wealthy, private individuals, who are the primary investors in small companies (other than family and friends), and who are tax savvy.

It will also better reward those entrepreneurs who are starting businesses with a well-deserved tax break for creating new companies and new jobs.

Make sure the law applies to those who’ve had S corporations or LLC’s and not just C corporations.

Photo by slonecker.

Leave a Comment

Your email address will not be published. Required fields are marked *