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Armand L Circharo Jr

The biggest concern I have about taxes is the 50% deductibility for per diem reimbursements.  That is based on a old, misconceived idea that all business luches are "Three Martini" lunches, and per diem is wasteful or used to splurge on executives. Not at all! Per Diem is primarily the reimbursement of expenses that employees must duplicate while they are traveling on business; meals, and incidentals. To have to expend the finances to have them travel then add 50% of it back to you untaxed INCOME is ludicrous! My company spent $5.5 million reimbursxing traveling employees last year, $2.75 million of it went back into taxible income! Why? They were all legitimate business expenses.

We need to get this resolved and get per diem reimbursements 100% deuctible as they once were.

Earl Dieffenbaugh

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Earl H. Scott

By far the biggest impact on small businesses that are LLCs or s-corps is the negative impact on cash flow when you have to pay a large tax bill. Every single dollar we pay in taxes prevents us from reinvesting it in the business to create jobs. It costs me on average $25K in operating for every employee I hire. Every $25K I pay in taxes costs one job. And as we are seeing with the stimulus bill, every job allegedly created or saved by the government cost anywhere from $150K to $500K depending on who's numbers you believe. Even giving them the benefit of the doubt I can create 6 jobs for every one they create. Let me decide how to invest my money.

Brittany Williams

It will prevent you from maintaining the legacy of your family business as well as creating disincentives for people to save and create wealth in this country!

Nick

I'm worried the death tax will prevent me from maintaining the legacy of our family business.