Tic Tax Toe
You might win tax breaks if a new bill plays out in your favor.
Lining up the elements of a 2003 stimulus bill will be a game oftic tax toe. Items with bipartisan support, such as a payroll tax"holiday," are likely to get an "x" in theirbox. But don't expect a permanent elimination of the estate taxin 2011.
With the holiday, employees and business owners won't haveto pay the 7.65 percent tax for a limited period of time. Sen. JonCorzine (D-NJ) has championed the idea, and Sen. Mary Landrieu(D-LA) used it as a signature issue in her victory in a Decemberelection. The Business Roundtable, an influential group ofcorporate chief executives, and some Republicans support the ideaas well, making it a strong contender for any stimulus package.
Cyber Monday Subscription Sale - Unlock this subscriber exclusive article and more for 50% off.
Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.
Get 50% off an annual subscription today. Just use code SAVE50 at checkout.
Entrepreneur Editors' Picks
How an Encounter With the 'Armpit of Destiny' Helped the Founder of Grubhub Take His Business From His Apartment to a $2 Billion IPO
You Can Train Your Brain to React to Stressful Situations Better. Here's the 3-Step Process.
A Disastrous Valentine's Day Inspired This Founder to Launch Her Own Floral Brand. It Became a Celebrity Magnet With Retail Revenue Up 450% Since 2019.
What Is Your Dream Job? Ask Yourself These 4 Questions to Find Out.
This Is the Crazy Process This Juice Franchise Went Through to Get USDA-Certified Organic. But It Sure Has Paid Off.
No One Would Rent Me a Café in Trendy NYC Neighborhoods, So I Tried Something Risky. Now I Have 3 Coffee Shops.