When would a new start-up small business pay capital gains tax anyway?

Question

Barack Hussein Obama said he would eliminate the capital gains tax for new start-up small businesses. Can anyone give a circumstance of why a new start-up small business would need to pay capital gains tax in the first place? Unless they sell their business but then they wouldn't be a new start-up.

Was Hussein Obama just saying something stupid just to pretend to sound pro-small business?

Answer 1

Easy to see why you support Song-Bird and the Bride of Frankenstein. As about it when you go back to school next week.

Answer 2

Many small businesses are created expressly for the purpose of being sold - it's how large business in America innovates these days.

When and how to sell your business is a standard part of any new business plan.

Answer 3

First you have to apply and qualify according to unspecified criteria

Answer 4

Businesses owe capital gains taxes when they make capital gains.  If you wish to start a small business that MAKES no capital gains, I suppose that is your absolute right!

Large, well-established businesses (by necessity) spend a lot of time looking for ways to reduce their tax burden.  Typically, small & young businesses are delighted to be paying taxes...it means they are succeeding!

Answer 5

It's just another example of his economic expertise.

It's like lowering income taxes on the poor, you know the people that don't pay any.

Andy got his finance degree from the school of Barack.

Answer 6

the photo look like barack obama with Arab hat.

it will look good if Barack Obama with Julius Caesar hat - try that;

Julius Caesar will be strong leader, making USA strong with luxury goods - just like Italy.

or Mc Cain with African tiger / animal kings' hat

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tax- i imagine which country with no tax. oh yah Zimbabwe is temporarily tax free - do we want to live like Zimbabwe?

  

Answer 7

  Obviously when there profits are higher than there expenditures. This could be from a few months to several years or never.