Who actually understands Obama's taxation of the "rich"?

Question

I keep hearing about Obama taxing the "rich" (those making over 250,000) I wonder if these people understand this means EVERYONE GROSSING 250,000 a year. This includes businesses. Small, large and in between. This means me. I have 2 trucks and 3 employees including myself. If I gross under 400,000 a year I sink. this is not from excessive spending this is normal operating costs, payroll, insurance, vehical costs,(gas, maintence etc) FICA, STATE, SOCIAL SEC, MEDICARE, Mich. single business tax. If Obama's plan goes through I will have to fire at least 1 person to pay his tax. Then unemployment to my ex-employee who now does not contribute the amount of tax revenue he used to why because his pay goes to the fed, and he has to make do with what he can find, in Mich not much. Mich. Gov. Jennifer Granholm raised taxes now Michigan is the worst state in the country economically. She proposed the single business tax, now business is down and unemployment is way up. On Obama's own web site he states "90 percent of America's workforce is SMALL BUSINESS". He realizes this and what effect his tax plan will have make no mistake. If the "private sector" fails government "steps in" this is what socialism is, look at Freddie and Fannie, started and ran by DEMOCRATIC politicians with socialist ideals. Now since the "private sector" (umm the politicians who bleed it dry) could not run it, the government (Same politicians who bled it dry) "steps in". If you want to see unemployment continue to spike vote a socialist in.
Intelligent thoughts please.
And Obama "supporters" please give me facts not the usual Lib attack because you can not dispute me.

These Facts are from Obama's site.
raise tax 250,000 gross, 90 percent of the work force.

Answer 1

Very well put.



His plans, from not lowering corporate income tax rates to increasing the payroll tax burden on small business are going to hurt our small businesses in this country.



It sickens me that the left justifies this tax policy as "economic justice".

Answer 2

Wow... nice rant.



If you think anywhere near 90% of the work force gross' anywhere even remotely close to $250,000 you are living in your own little personal fantasy.



If you want a solid economy vote for the Democrat, if you want deficit spending vote for the Republican... same as it has been for the last 50 years.



http://www.slate.com/id/2199810/



That's right... when you don't fudge the numbers and use say... unadjusted GDP (since both the U.S. population and the U.S economy have ALWAYS grown since they started keeping records) then you find that Democrats run a tighter ship than Republicans.



Wanna know why??? Because governments and businesses are not even remotely the same... if you run a government like a business... well you get the mess we have right now... thank you Mr. Bush.



Deficit spending is fiscally disastrous... and Republicans STILL fail to grasp this simple fact.



AND if you want to pin blame without looking at the facts go right ahead... but the fact of the matter is that Fannie and Freddie put millions of Americans into single family homes... and more Americans own there own homes than in any other industrialized nation.... damn those Democrats.



Now... I suggest you read up on a guy named Phil Gramm. McCain knows him quite well.... and he spear-headed the almost complete deregulation of the banking industry in the late '80's.



Unregulated banks having been playing craps with a trillion dollar industry since then.... getting riskier and riskier in search of higher profit.... and there was NO ONE looking over their shoulder until it was too late.



So.... before you blame Democrats for something that Republicans caused... go read up.



EDIT: As to the cities you list... it's pretty easy to confuse CAUSE and EFFECT so I will forgive you for failing to think about that.... but come on--- poor and disaffected people don't subscribe to your trickle down economic theory... and you can hardly blame them. I know I know... you think they should pull themselves up by the bootstraps in Detroit and "get jobs". What sucks for those people is that the Republican's shipped their jobs overseas in search of higher profit.... so you Republicans made your bed... and the consequence will be (IMHO) that those cities will continue to vote Democratic for years to come. Why... not because the people of those cities love property tax rates that raise less money now than they did 30 years ago (see references to jobs being shipped overseas)... but because those people feel Republican economic theory on the NATIONAL stage screwed them... and they aren't about to put Republicans in charge of their LOCAL government.



Second.... if you can't make it appear that your business made very little profit each and every year... given the size of business you describe... then you need a new accountant.



YES.... your business will be subjected to a higher tax RATE.... but that RATE only applies to the NET profit.... so buy a new damn truck like every other Republican businessman... raise your salary (or God forbid those of your employees).... spend the money and show no corporate profit at the end of the year ... and stop sniveling.



LASTLY, while I concede SLATE leans left.... the numbers used for the article don't lean at all... they are from the office of the President.... whichever party that President belonged to.



You Republicans have succeeded in politicizing just about everything else ("liberal" media) but you still haven't managed to politicize relatively SIMPLE MATH... so I reiterate.... READ UP.... and stop breathing out of your mouth.



EDIT 2: Do you really think local government tax schemes are in any way even REMOTELY similar to that enacted by IRS???



Cities are funded by property and sales taxes levies primarily (levies, hotel taxes, fines, licenses and permits etc. secondarily) and I am not aware of any that charge their own income tax....



So how is this little argument of yours EVEN RELEVANT to the question you initially asked....



I'll save you the time... it isn't.



Now head back to Oxford and work on that economics degree... remembering that governments ARE NOT businesses.

Answer 3

You should incorporate your business and take a salary.