Stimulus Opportunities for Small Business

Who says that President Obama doesn’t get small business? Who says he isn’t giving business owners breaks on capital gains and other taxes?

Here’s what the recently-passed stimulus legislation provides:

Capital gains: Individuals who invest in small businesses over the next few years will get a nice break on their capital-gains taxes. If you buy stock in a small business, hold it for at least five years, and then sell it, current tax law allows you to exclude 50% of your gains (within certain limits). The stimulus bill increases that exclusion to 75% – but only for stock issued after the bill is enacted.

There are also equipment and hiring breaks and other key cost reductions.

Now if we can just get health care off the back of American business. Imagine being able to start a business and not have to worry about complicated benefits issues. When I see how relatively easy it is to handle tax and benefit issues in countries like Australia, I’m amazed that anyone starts a business in the US at all.

Read more at: http://4entrepreneur.net/?p=1387

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