ipl-logo

Pros And Cons Of Repealing The SBID

1341 Words6 Pages

Repealing the SBID could lead to an abundance of public outcry from the hundreds of thousands of small businesses that benefit from this tax break. Anytime you give something to a person, even if they don’t use it, they won’t want it to go away. This being said, there are examples of people putting the tax break to a good use and growing their businesses. But the simple truth is, there aren’t enough examples of that to justify the kind of impacts this is putting on the state.
Repealing the SBID is not the only solution. For example, Oregon has legislation similar to Ohio's SBID, but one big difference between the two is that in Oregon in order to qualify for the tax break you must employ at least one non-owner and be active in your business …show more content…

Nothing to sneeze at but I can’t hire someone for that. And If I need a printer or office supplies or software I just buy those things. I am not going to spend money just because I have it. That is bad business. And please notice that I had to estimate what my SBID was because it really doesn’t show up anywhere on my tax return. And if I can’t figure it out, neither can most of my clients.

My small business clients worry about paying their bills. They worry about payroll taxes. They stress about collecting and reporting sales tax. They really worry about having to provide health insurance coverage, and they worry about getting health care for themselves. A tax credit hidden inside their personal tax return is not going to be reinvested in the business; they don’t even know it is there.

Another long-term preparer I work with has pointed that not only is the SBID too expensive for Ohio, but that it is really unfair to Ohioans who are earning their incomes as wages. Why should I, as a business owner, not pay any Ohio tax, while my employees are paying Ohio tax? The whole point of a civilized society is that we all pitch in and work together and hopefully make life better for everyone. Like it or not, paying tax is part of that pitching in. An entire group of people should not be exempted from

Show More
Related
1477 Words | 6 Pages

“The power to tax involves the power to destroy.” (Gabers pg.131) . Despite that taxation can be destructive and be excess this would be considered an abuse in power. Our government has a balanced system and an abused power would not be part of government. Muculloch V Maryland made people question if they were able to trust their only nation and also to be able to give the nation more power than the state and to trust other states.

Read More
787 Words | 4 Pages

Unfortunately, the tax breaks afforded on corporate taxes on Limited Liability Companies is much larger than the reduction of government spending, which puts the state in a budget deficit. Moreover, Governor Brownback’s conservatism has brought about a system of selecting supreme-court justices that will not allow for a moderate court panel as well as leaving the school system unfunded. These changes have caused former Kansas Governors to stand together in an attempt to curb Governor Brownback’s

Read More
627 Words | 3 Pages

The government of some opt out states are looking at alternative options to provide care for their large uninsured populations but this only leads to disparities in the health care options available to their denizens versus the other states (Omolola et.al). One proposal repeatedly made by the current administration is to limit the federal contribution by switching from the current percentage model to a model of block grants or per-capita caps. Under the block grants model, states would be given a fixed amount of Medicaid funding which they would need to manage. Under the per-capita model, Medicaid recipients will be subject to a reimbursement cap.

Read More
531 Words | 3 Pages

Some people with be mad about getting taxed more and some people wouldn’t mind getting taxed more as long as it is doing something like helping someone that needs help or saving their lives. “About 800 000 people commit suicide every year… Mental disorders and harmful use of alcohol contribute to many suicides around the world. ”(www.who.int) The people I think that won’t like getting taxed the most are people like Lennie and George who are struggling with money as is

Read More
1501 Words | 7 Pages

Even the Republican Party has pulled their support for him. Governor Sam Brownback’s Tax Cut Experiment has disrupted and destroyed many

Read More
1269 Words | 6 Pages

While Kansan’s generally perceive Kansas’ current economic and social state dramatically worse than outsider’s, the fact that distant state’s are even talking about it shows that there are obviously problems and controversy to overcome. Currently, Kansas is in an experimental stage, according to Chris Suellentrop of the New York Times who says “it is one of the boldest and most ambitious agendas undertaken by any politician in America” (Suellentrop). Brownback’s ultimate plan is to eliminate income taxes, but that plan does not come without any costs. Citizens are suffering through the downsides of his actions and it has been blatantly stated that “people are leaving Kansas” (Suellentrop). This is not good for Kansas business, as businesses and people move away, Brownback’s plan will only continue to dwindle.

Read More
1209 Words | 5 Pages

Doing this would help the business grow in capital. Passing the act would raise the amount of income for people in the United

Read More
757 Words | 4 Pages

Revoking this law could be cataclysmic and destructive for the United States. To achieve this goal of terminating the ACA there would need to be a merger between the House and Senate as well as the president, Barack Obama. Republicans would also have to figure out a way to repel lobbyists from trying to re-establish the ACA. To replace the pre-existing act to promote healthcare, Congress would need to set aside any and all differences and views as well as propose new ideas to create an advantageous law. If a replacement bill were to be made and revealed, however, ACA advocates and lobbyists, without a doubt, would oppose the bill indefinitely, causing major unwanted disruption and attention to the United States

Read More
1191 Words | 5 Pages

Change is coming though, seventeen states now prohibit BSL in any form and six more are on their way in the same direction (Pit). BSL is such a problem that even the White House is in opposition to BSL

Read More
812 Words | 4 Pages

During the Gilded Age, many fortunes were made by the railroad system. The increased construction of railroads provided the transportation of people, supplies, and trading goods. The movement of people from the east to the west allowed for increased populations and the spread of their culture. The railroad system provided a service that could quickly and cheaply move supplies across America. The Manifest Destiny was also fueled by the railroad system in the sense that Americans felt it was their duty to spread the knowledge and teach other races.

Read More
1388 Words | 6 Pages

The Affordable Care Act’s Burden on American Businesses and Workers She works hard; her eyes droop with tiredness most of the time. She arrives late and her concentration on the job is limited because of the anxieties weighing on her mind. With a young son to provide for and rent due next week, the strain of working two jobs was taking its toll. Such is the reality of many Americans.

Read More
654 Words | 3 Pages

The only thing that is foolish is the fact that the state did not opt in. The states which have participated in the Medicaid expansion have reported seeing a drastic declined in uninsured rates and the uncompensated cost that hospitals incur do to treating patients that are uninsured. As Texas Medicaid stands now, no person without a child qualifies, college students are disqualified, and a person with a child who earns over 19 percent of the poverty level are not qualified for assistance. This is a disgrace. The blame lies on the former Governor and Texas Legislature for this awful decision.

Read More
458 Words | 2 Pages

The Viverridae family consist of 34 species in 20 different genera. The main animals that make up these families are the Civets, the Linsangs, and the Genets. The information below will talk about the fossil records, comparing and contrasting between the species traits, comparing and contrasting the job and environment of the species, evaluating the adaptive value of the traits in each species, give the approximation of the time of speciation and theorized cause of speciation, and find a common ancestor between the three chosen species. For this information I have chosen to do the Asian Palm Civet (Genetta Genetta), Common Genet (Paradoxurus Hermaphroditus), and the African Linsang (Poiana Richardsonii). The image on the right is a picture of an Asian Palm Civet skull and jaw line being and example of fossil records.

Read More
451 Words | 2 Pages

I believe that is our duties as citizens to help those less fortunate and help care for our fellow citizens. Therefore, this may require that we have to pay more taxes in order to provide for

Read More
743 Words | 3 Pages

States are being pressured to expand Medicaid to families earning up to $30,000 a year, just like the Affordable Care Act permits. While several respected governors have agreed to expand the program, many other governors and state legislators are cautious. These officials do not want to deny Americans their access to health care, however they do want to slow the expansion of a program that will provide them with limited access to quality care while destroying state budgets. One of the strongest arguments that can be made against the expansion of Medicaid is the fact that States simply can not afford it. The appeal to states to expand Medicaid is that the federal government will cover 100% of the cost through 2016 and eventually lowering to

Read More

More about Pros And Cons Of Repealing The SBID

Related Topics

Open Document