East Tennessee Symposium

You are viewing this site as a guess, as such, you can reply to topics...BUT cannot post new topics, except in the forum... titled ''Guest's New Topic Posting Area''.
We invite you to join the Symposium.
Registration is simple and FREE....but you must have a validate email address!

East Tennessee Symposium

A place for discussing important issues because the whole of life is learning, therefore education can have no endings.
 
HomeHome  PortalPortal  CalendarCalendar  GalleryGallery  FAQFAQ  SearchSearch  MemberlistMemberlist  RegisterRegister  Log in  
'' Attention!!Registration is simple and FREE.......Attention!!! forum is optimized for browsing via smartphones. You can browse all forums and write/send posts with your mobile phone. Attention!! A new feature titled…. Marketing Your Products/Services and Promoting Your Organization. It allows members and guests on the forum to sell, rent, buy or even give away items........

Share | 
 

 SMALL BUSINESS TAX HIKE!

View previous topic View next topic Go down 
AuthorMessage
Abracadabra
Founding Member
Founding Member
avatar

Male Aries Posts : 1325
Join date : 2010-05-13
Age : 74

PostSubject: SMALL BUSINESS TAX HIKE!   Mon 13 Sep 2010, 5:35 pm

The Small Business Tax Hike and the 97% Fallacy


The president and his supporters have repeatedly asserted that the expiration of these Bush tax cuts will have little impact because they affect only a tiny fraction of the wealthiest Americans.

Vice President Joe Biden....there aren't 3% of small businesses in America that would qualify for that tax cut and House Speaker Nancy Pelosi flipped this number around, saying that the planned tax increases would exempt about 97% of small businesses.

The numbers are clear to everyone except the current adminstration....... According to IRS data, fully 48% of the net income of sole proprietorships, partnerships, and S corporations reported on tax returns went to households with incomes above $200,000 in 2007. That's the number to look at, not the 3%.
Let's put it in a bold typeface so it attracts a bit more attention.......
48% of small business income reported to the IRS comes from households with incomes that will be affected by the Democrat's tax hike.

It's clear that business income for large and small firms will be hit by the higher tax rates. And in point of fact, firms of all sizes contribute to the nation's prosperity.

The president's plan to raise top marginal rates is holding back the very people who should be leading the economic recovery.

The fact is this will cost jobs. But in the end, we know that job creation isn't really what it is about. It is all about wealth redistribution - fairness and shared prosperity. Because.......
The administration professes deep concern about the $700 billion revenue loss from extending the tax cuts at the top, but apparently views the revenue loss of nearly $2 trillion from extending the tax cuts for the middle class as too inconsequential to mention. Nor has the administration's concern about the deficit driven it to reduce federal spending.



http://online.wsj.com/article/SB10001424052748703959704575454061524326290.html?mod=WSJ_article_related



Hope and change voters....do not forget to after you enjoy a  with obama Kool-Aid....sweetened with NutraHope!

Many people (that I know) are alive only because it’s illegal to shoot them.

Ronald Reagen said it best.......The trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.

"You can ignore reality, but not the consequences of ignoring reality." Ayn Rand

The truly educated never graduate !

When the Going Gets Tough, the Tough Get Going. The Smart Left a Long Time Ago.

I have always said I don't care what you do or with whom you do it, but don't demand that I think that it is normal or that it is OK!!!!

Only two things are infinite, the universe and human stupidity!
how rude

Defining....Abracadabra … cursing censored
Back to top Go down
View user profile
 

SMALL BUSINESS TAX HIKE!

View previous topic View next topic Back to top 
Page 1 of 1

 Similar topics

-
» Any small business owners out there?
» Linux Based Stable Solution for VoIP Business!!
» Multiple small strokes
» VoipSwitch [Sale/ Rent/Lease] Start Your Own Business , BEST
» What is this dox business and how can I use it? (As requested)

Permissions in this forum:You cannot reply to topics in this forum
East Tennessee Symposium :: Political Discussions :: National Political Discussions-