Spectactular, looks like Boehner learned his lesson....!

Voltaire said:
Bfgrn:

When a company's profits are taxed at a higher percentage, they have less money to invest in expansion projects, hiring more employees, etc. Raising income taxes on incomes over >$250k would affect many small companies in this manner. There is no "spin." I've already stated that I am fine with the idea of raising taxes on the wealthy. But there also has to be a way to prevent this tax increase from harming small businesses, especially S corps, because as it stands, it WILL. I personally know several business owners that this tax increase WILL affect, and no, they're not all Republicans.
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Do you or these 'several business owners' even understand how a change in the marginal tax rate would apply to personal income (not business profit) over $250,000?

The tax on $250,000 would remain the same as it is now. Any additional income over that $250,000 would be taxed at a rate that is 4.6% higher. So if one of these 'several business owners' earned $250,001 they would pay 4.6 CENTS more...a nickle.

http://www.ourfuture.org/blog-entry/2010093824/how-tax-brackets-work
 
Voltaire said:
Bfgrn:

When a company's profits are taxed at a higher percentage, they have less money to invest in expansion projects, hiring more employees, etc. Raising income taxes on incomes over >$250k would affect many small companies in this manner. There is no "spin." I've already stated that I am fine with the idea of raising taxes on the wealthy. But there also has to be a way to prevent this tax increase from harming small businesses, especially S corps, because as it stands, it WILL. I personally know several business owners that this tax increase WILL affect, and no, they're not all Republicans.
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When these type small businesses want to expand, they get a line credit from the bank. S-corps are desinged to get the profits back to the owner without double taxation of a regular corp.

The minor tax increases on S-Corps means the boss' wife doesn't get her new high-end kitchen--meaning the increase wont effect the businesses ability to pay employees or do business. Maybe the boss with have play golf at public courses for a while.

Businesses lay off empoyees when business is slow.
 
Mott the Hoople said:
Yea except your not talking massive tax hikes and keep in mind, current tax rates are at very historic lows.

I'd be willing to let the Bush era tax cuts expire, across the board, even though Obama spent political capital trying not to do that. I'd be willing to make sacrifices to pay down the debt and it's only a couple of percentage points. I figure I can pay now.....or I can pay later....and it's probably less painful to pay now.
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I agree, though I think they will find a way to protect lower income and maybe mid income. Maybe the number is $100k... whatever it is, it is necessary at this time. The outrageous spending of the past 50 years has caught up to us... especially the spending of the last 12 years.
 
Bfgrn said:
Fuck you, I am not a liar you little asshole. I can even tell you that Shep Smith took on a hired right wing mouthpiece bitch who tried to spin Boehner's "willing to accept new revenue” as a big sacrifice by the right.
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Dear Bfgrn... I did not say YOU were a liar. I was being sarcastic and mocking you for using FOX. I was using the standard liberal response to anything Fox (or 'Faux news') said.
 
Bfgrn said:
Anyone who calls himself a businessman would not base his business decisions on their personal annual income tax. Their business decisions would be totally driven by market factors like supply and demand. It is right wing spin, and it needs to be called what it is...spin
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You realize that a business ALWAYS is concerned with HOW it is taxed?

It goes to the bottom line and can effect whether a firm is profitable or not.

Some small business owners have the income from the business flow/combine with personal income. Thus, they are concerned as business owners.
 
Voltaire said:
Thank God. 'Cause I sure as fuck don't want my taxes going up. At this point, I don't really give a fuck if a few rich people have to pay more, although it is a tragedy that it will harm some small companies. I know a few S-corp owners that are very concerned. I think the problem is that many liberals honestly have no clue how certain small businesses are organized, and that raising taxes on >250k could harm a lot of middle class families. Hopefully they at least go with >$1 million.
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Taxes are on the net. Anyone making 250K net is not middle class.
 
hazlnut said:
The minor tax increases on S-Corps means the boss' wife doesn't get her new high-end kitchen--meaning the increase wont effect the businesses ability to pay employees or do business. Maybe the boss with have play golf at public courses for a while.
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because we all know that owners of S-corps always invest in new kitchens before they invest in a new piece of machinery for the factory.....
 
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