$200,000 to $300,000, and even more if you go to some of the other equipment. A small family-owned printing company that I toured last summer when I was home, one printer runs hundreds of thousands of dollars, half a million dollars for a printer. So when you talk about what level do you set this, if you do not eliminate it, and picking the winners and losers, you fail to recognize that they are eking out a small living with very expensive equipment, but yet we tax on the value of that equipment, not the living that a father and mother and maybe a son and a daughter can make off of that. That is why it remains fundamentally unfair.
Lee Terry: “$200,000 to $300,000, and even more if you go to some of the other equipment. A small family-owned printing company that…”
Editor's note · Context
Discussing the financial burdens on small family-owned businesses due to equipment taxation.
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