Originally Posted By queenbee <<In the end, it’s unclear exactly what percentage of these top earners are truly small businesses. What is clear, however, is that we’re not talking about all that many small businesses in the first place. The vast majority of individuals who report business income or losses are not making upwards of $200,000 a year. In fact, only 2 percent of all those reporting business income in 2009 will earn enough to fall in the top two brackets. As we explained back when Obama’s tax plan was attacked on the campaign trail, the overwhelming majority of these mom-and-pop shops we hear about would not see their taxes go up under Obama’s proposal.>> <a href="http://wire.factcheck.org/2009/03/06/half-of-the-wealthy-own-small-businesses/" target="_blank">http://wire.factcheck.org/2009...inesses/</a> I thought this was relevant for those concerned about the tax consequences for small business.
Originally Posted By mawnck >>I thought this was relevant for those concerned about the tax consequences for small business.<< They aren't concerned about any such thing. They're concerned about making things up to support their pre-indoctrinated positions, courtesy of the same rich people. "Big business good. Biggest business biggest good. Tax on big business bad. Socialist. Muslim. Illegal immigrants. Blah blah blah." They'd rather be right than realistic.
Originally Posted By ecdc ^^^^^Truer words were never spoken. Truthiness, my friends. It's all about truthiness. It just...feels right. I feel like I'll be rich someday so I don't want taxes on the rich to go up. I feel that small business owners are hard working Americans who scrimped and saved and never made a single mistake to get there, so leave them alone. I feel like poor Americans are lazy, system-abusers who got what they deserved. I feel that way, so it must be true.
Originally Posted By wahooskipper Wow...you guys are something. I simply asked what you considered "rich" to be. If it is over $500K a year then I'm fine with that answer. It is amazing how often liberals make themselves sound like they are the minority party.
Originally Posted By mawnck >>It is amazing how often liberals make themselves sound like they are the minority party.<< You're confusing "liberal" with "Democrat." The liberals are still a very small minority in Congress, with little chance of that changing any time soon. If they weren't, everybody would have health care by now.
Originally Posted By hopemax Also add, "I want to have more money for the fun things in life, therefore anytime I must spend more money on other things that thing must be bad." And the top of the bad list are taxes. Unfortunately, health care is another one of those things. Ranting about premiums because of how they affect their ability to take vacations, buy expensive "toys," etc. Now, I do think runaway health care costs are a serious problem our country is facing, but people need to face the reality that health care isn't going to be as cheap as we would like. Which I suppose could add another. "I can only afford $X, therefore if something costs more than $X it MUST be too expensive." People seem to be more concerned with decreasing costs than increasing their personal income. I think in the long run, this has hurt us as a country. Instead of addressing wage inequality issues, we got free credit to buy the stuff we wanted.
Originally Posted By LuvnDL So does anyone know(have link) what the "average" small business person makes per year? I know there must be some who make more than $500K, but I'm sure a lot make less. Small business, not big corporate CEOs I feel will be hurt with additional taxes on the "rich".
Originally Posted By DAR Wow sorry for not wanting my taxes to go up. Considering that we have a tax happy governor here, I guess I'm a little sensitive for me wanting to keep the money that I've earned through my hard work. Well not this month, I'm only working eight days this entire month.
Originally Posted By SingleParkPassholder The White House the taxes won't go up. <a href="http://www.cnn.com/2009/POLITICS/08/03/obama.economy/index.html" target="_blank">http://www.cnn.com/2009/POLITI...dex.html</a>
Originally Posted By SingleParkPassholder The White House SAYS the taxes won't go up. <a href="http://www.cnn.com/2009/POLITICS/08/03/obama.economy/index.html" target="_blank">http://www.cnn.com/2009/POLITI...dex.html</a>
Originally Posted By wahooskipper He shouldn't have made that commitment during the campaign. That is like me saying I won't use my credit card next month. I might truly believe that today but if my car breaks down next month I'm not going to have much of a choice. If Geitner is the golden boy and this weekend he thought that raising middle classes might need to happen; then deciding we do NOT need to do it is a product of politics and not necessarily sound economoic policy. That should be a concern to folks.
Originally Posted By mawnck >>Good I'm going to hold him to this.<< You do that. I'm going to be hoping that he raises them. Starving the government beast has never worked and it never will work. All it does is cause further hardship for the folks who need government services to survive. (1) Raise taxes to end immediate crisis. (2) Fix the problems. (3) Lower taxes. You can't go out of order or skip steps on that. Just doesn't work.
Originally Posted By SingleParkPassholder "Good I'm going to hold him to this." Maybe you both could cut down on the beer if you need the extra money.
Originally Posted By SingleParkPassholder "You do that. I'm going to be hoping that he raises them. Starving the government beast has never worked and it never will work. All it does is cause further hardship for the folks who need government services to survive. (1) Raise taxes to end immediate crisis. (2) Fix the problems. (3) Lower taxes. You can't go out of order or skip steps on that. Just doesn't work." One of the most sane and practical things ever written here. It's a shame right wing talk radio exists to SCARE THE LIVING BEEJESUS OUT OF PEOPLE AND GO OFF ONA MANTRA OF NO NEW TAXES RECALL RECALL RECALL!!!!!
Originally Posted By ecdc >>One of the most sane and practical things ever written here.<< Ditto. Well said.
Originally Posted By mawnck mawnck for President in 2016. ;-) Actually, it's step 2 that's the big problem. I don't have much confidence in the current crop of Congresscritters to solve much of anything.
Originally Posted By davewasbaloo add me as another vote of confidence to Mawnck's sentiments. Prevention costs far less than cure in the long run. And most people do not realise how little the insurance covers until it's too late. The reason so many government services are so piss poor in the Us is they are underfunded (except perhaps defence).
Originally Posted By DAR <<(1) Raise taxes to end immediate crisis. (2) Fix the problems. (3) Lower taxes.>> I have confidence in the first two words. The rest, not so much. Wow I never knew not wanting your taxes raised was such a horrible thing.
