The Fed has slashed the prime rate and the administration is considering so-called bonus depreciation to allow companies to deduct 50 percent of business investments made this year.
Oh, and you may get a $500 tax rebate. Don't spend it all in one place. I want to spend my windfall wisely, so I've already investigated my options for items under $500.
- A pair of topaz earrings
- a couple of Ultrasounds
- an iPhone and one-month service
- a couple bottles of Dom Perignon
- a Chihuahua puppy, or
- Fifty 12-packs of Trojan Magnum Twister Condoms.
Well, you get the picture. Aren't you glad you're not rich? You'd only get tax breaks.
