12/10/12 - 9:37am
Looking at the Fiscal Cliff dilemma from an accounting perspective, raising taxes for the wealthy should actually benefit the economy. Every dollar spent on creating jobs and paying employees is a business expense, and therefore already tax deductible, so the more a business invests in job creation, the fewer taxes they will have to pay. Investing in their business therefore becomes even more of an incentive for the business owner, in addition to their privilege to be able to help grow the economy.
