| Say NO to ABOMINATION |
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The LIE she spoketh: "Obama's plan actually includes taxing only businesses that employ workers overseas and giving tax benefits to companies employing solely workers in the US. This would most likely increase the amount of jobs in the US by encouraging monster corporations, such as Wal-Mart, to stop using cheap foreign labor and give jobs to citizens here and would also help small businesses by reducing their taxes" (a "simple, courteous comment about Obama's economic ideas" from a noter that DESPERATELY needs to be heard). Actually not true about Obama's tax plan, Broken Hearted. The man has explicitly stated that taxes would go up on anyone making over $250,000 per year. All single owner businesses and partnerships are taxed at the individual tax rate. Therefore, any small business earning more than $250,000 per year in income would be taxed at the same rate as an individual making that amount. And from the guy that's FULL of CRAP: "Apparently you don't know much about accounting. The revenue a restaurant takes in is not equal to the income it would be taxed on. You 'claim' the restaurant 'made' a little over $250,000, but then you go on to list a bunch of expenses that would be incurred. Revenue vs. Income... look it up" . As for you Craptastical, I understand the fact that revenue and taxable income are not the same thing. However, businesses grow through reinvesting profits. When a restaurant or any other small business hires more people or expands, it generally has to do so out of the profits it has generated. Profits, in fact, are generally a major portion of taxable income.
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