Index of SPPS Budget Discussion http://www.e-democracy.org/stpaul/spps-posts.html _________________________________________ In a message dated 3/11/2004 3:38:44 PM Central Standard Time, [EMAIL PROTECTED] writes:
> Business owners can deduct 50% of dinner and entertainment expenses. I > suppose it is possible to get creative and hide these types of expenses in > other ways. > One of the other ways of course is an expense account charged to the business instead of salary that could be used to handle these business meetings. Then if you can find other ways, like the Twins do, to not show a profit for the business the business itself pays no income tax. So, I'd say my point still stands. The very rich will pay zero on a bar and restaurant tax. Those that are doing OK will be paying only 1/2 rate on the tax unless they are more creative. And, as I said those who punch a time clock for their living will pay the full 3% every time they go to a coffee shop or buy the kids a happy meal. Remember the first lesson that any one of the get rich books teaches you is to never spend your own money when you can spend someone else's! So, when looking for ways to fund a ballpark that might have the potential to improve the market value of your downtown property, impose a tax on someone else. Impose the tax on something you don't pay taxes on, or that you can at least deduct as much as possible, put it on those poor fools who don't have a way to deduct it. City wide bar and restaurant tax does that better than anything else. Why else do you think that they all screamed when Thune suggested a tax on the Downtown district? JMONTOMEPPOF Chuck Repke _____________________________________________ SPPS Budget Reduction Forum - Feb. 23-27 Co-Sponsored By NEAT: http://www.stpaulneat.org/ _____________________________________________ NEW ADDRESS FOR LIST: [EMAIL PROTECTED] To subscribe, modify subscription, or get your password - visit: http://www.mnforum.org/mailman/listinfo/stpaul Archive Address: http://www.mnforum.org/mailman/private/stpaul/
