Audre wrote on Oct 17th, 2008 at 2:56am:I think you're really blowing this out of proportion, Fubar.
That's me, chicken little.
Audre wrote on Oct 17th, 2008 at 2:56am:From the Tax Policy Center:
"few small business owners face the highest marginal income tax rates. Less than 9 percent of returns with small business income are in tax brackets of 28 percent and above, less than 3 percent face rates of 33 percent and above, and only 1.3 percent are in the top bracket. Roughly 97 percent of small businesses would not be affected at all by increases in the top two
tax rates. More than two-thirds of all returns with small business income are in the 15 percent or lower tax bracket, and 88 percent face rates of 25 percent or
below."
Once again... this is NOT about the 97% who wouldn't be affected. It's about the 100% who
will be affected.
100% of the businesses that do have their taxes raised will pass on
100% of that cost to
100% of us in the form of higher prices or lower wages and benefits.
It cannot be any other way. This is the simple truth.
Audre wrote on Oct 17th, 2008 at 2:56am:Small business actually create 2/3 net new jobs.
The ones who will get higher taxes are the ones who are creating (not in theory, in truth) ALL of our new net jobs. It's a fact.
Audre wrote on Oct 17th, 2008 at 2:56am:I highly doubt that increasing a business' tax rate by 3% is going to break them so much that they're going to fire their employees.
And there it is... the foundation of the push for socialism. Idiocracy at it's finest.
Audre wrote on Oct 17th, 2008 at 2:56am:You mention corporations getting taxed and raising prices for consumers. If we leave taxes as they are (a lot are paying 0% right now) or give more tax breaks to them, they're not going to lower their prices for the consumer. The prices are going to stay the same so they can make more profit.
That is just not true, and not supported by any facts. The facts tell a different story. Raise the taxes, reduce the revenue and jobs. That's how it works. You can't make it work any different by wishing it so, or hoping it so. This is how it works.
Audre wrote on Oct 17th, 2008 at 2:56am:I see a lot of people always attacking Obama, his supporters and his ideas. While I may not like Obama or all of his ideas, not all of them are horrible.
All of his ideas are horrible. That is an opinion. His economic policy is horrible. That's a fact.