Sunday, March 14, 2010

Is tax credit good or bad?

It says "McCain will add a new tax credit equal to 10% of wages from research and development". What does this mean exactly and is it good or bad for the average joe.

Is tax credit good or bad?
It will encourage new job creation in R%26amp;D, which will help well-trained people.
Reply:Tax credit - good - free cash


Tax deduction - bad - you have to spend a bundle to get some back


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