The Real Mitt Romney

[Happy Monkey]

Originally Posted by Adak

Are these statements true or false, in your judgement?

1) gov't takes more money in taxes. I have less $$$ , my small or large business has less, so I spend less $$$, and my business spends less also.

Largely false. Money spent on the business is deductible, so it comes out of pretax dollars. Lowering the tax rate could lead to less investment in the business, since you would get to keep a larger share of any money taken out of the business.