Crowdfunding Tax Break Petition - Initial Crowd Offering, Inc. Urges Congress to Provide Tax Incentives to Help Launch the CROWDFUND Act

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Petition Congress for tax breaks on the middle class and to accelerate job creation in the United States. We the People urge Congress to provide tax breaks to the middle class. Crowdfunding investors should have the right to immediately deduct the amount of their crowdfunding investments. These investments go straight into job-creating small businesses in the United States.

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There is not a more direct method of providing relief to the middle class, while encouraging job creation in the United States.

Please click here to petition Congress for tax breaks on the middle class and to accelerate job creation in the United States.

There is no more symbolic day than the Fourth of July for requesting tax relief. In observance of the Fourth of July, and in celebration of the birthday of the United States of America, We the People urge Congress to provide tax breaks to the middle class. Crowdfunding investors should have the right to immediately deduct the amount of their crowdfunding investments. These investments go straight into job-creating small businesses in the United States.

Crowdfunding is democratizing access to capital for small and emerging businesses. Small businesses account for almost every new job created in the United States. It is imperative for the economic health of the United States to provide efficient access to capital for the country’s primary source of employment.

By signing this petition, Congress will be urged to make crowdfunding investments tax deductible in the current year when the investment is made. This tax break will provide immediate tax relief to the crowd investors, who are largely middle-class supporters of small business. More importantly, the tax break will incentivize investment in the country’s small and emerging businesses and immediately make funds available for job creation. There is not a more direct method of providing relief to the middle class, while encouraging job creation in the United States.

In the long run, the government will recover the tax revenues when these companies are successful and produce taxable income. Additionally, the capital gains will produce incremental tax revenue. The proposed crowdfunding tax incentive is merely a means to accelerate growth by making a short term investment in exchange for long term gains.

On April 5, 2012 President Obama signed into law the Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012, referred to as the CROWDFUND Act. Soon, small and emerging businesses will have the option of filing an Initial Crowd Offering™ (“ICO”) to obtain money from a crowd of investors in exchange for stock (i.e. equity or ownership).

Companies are already clambering to access this untapped capital resource. Funding portals like Initial Crowd Offering, Inc. are assembling the marketplace for companies to market their business and receive investments from “the crowd” - friends, family, contacts, and complete strangers who believe in them.

Congress needs to accelerate investments in the country’s small and emerging businesses by providing an incentive in the form of an immediate tax break to investors and the market in general to give an instant boost to the economy.

Initial Crowd Offering, Inc. has proposed and started a petition advocating that Congress amend the tax code to allow taxpayers to immediately deduct 100% of the amount of their crowdfunding investments in the tax year the investment is made to encourage investment.

To show Congress support for ICO tax incentives, please click here.

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About Initial Crowd Offering, Inc.:

An Initial Crowd Offering™ (ICO) is the IPO for small business.

The ICO platform connects investors with small and emerging businesses, allowing direct, real-time investments in exchange for equity ownership through a secure site.

For investors, ICOs are the opportunity to invest, own, and participate in exciting small and emerging businesses. This market was previously restricted to venture capitalists and high net worth individuals. ICO's state-of-the-art technology provides the most transparent environment for investing in small and emerging businesses.

For companies, the ICO platform delivers investors for them to market their business and receive investments from “the crowd” - friends, family, contacts, and complete strangers who believe in the idea.

InitialCrowdOffering.com provides investors and issuers in-depth information and guidance about the relevant requirements and opportunities. The ICO CrowdCenter is the most comprehensive source for up-to-date news, legislative updates, blogs, forums, and everything you need to know about crowdfunding in the US. Our experienced legal and financial staff prepare proprietary content and draw on relevant news feeds to keep you abreast of the issues as they emerge!

Find your crowd at http://www.initialcrowdoffering.com
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Crowdfunding Defined:

Crowd funding is defined as the collective effort by people who network and pool resources to finance projects, businesses and other ventures. Specifically, this involves raising capital by receiving small investments from a large cross-section of people (the Crowd) in an Internet community.

Crowdfunding is typically conducted via an Internet-based funding portal. The term “crowdfunding” includes and is sometimes referred to as crowd financing, equity crowdfunding, crowdraising, capital crowd sourcing, crowdcapital, and other similar terms.

ICO is implementing equity crowdfunding in the United States pursuant to new laws included in the CROWDFUND Act of 2012 (part of the JOBS Act), which legalized equity crowdfunding in our country. These new laws allow small and emerging businesses to raise up to $1 million by offering equity or debt investments to crowd investors.

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Perry West
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