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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1202 |
Essay's paper body
Right now, the maximum deduction is $25,000. The President's plan would triple that to $75,000 beginning in 2003, and adjust it for inflation thereafter.
- The President's plan to abolish the double tax on dividends will help businesses to grow and create jobs by reducing the cost of capital. Most dividends received by shareholders will be tax free...
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Most dividends received by shareholders will be tax free. Small businesses that retain corporate earnings will not face capital gains taxes on the increase in the value of the firm from retained earnings that could have been distributed as dividends. This will benefit the owners of 4.1 million small businesses with less than $500,000 in assets, as well as the shareholders of all 4...
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