Very few small business owners would face tax increases under president's budget

**Jagger** · 03-01-2009, 01:33 PM

VERY FEW SMALL BUSINESS OWNERS WOULD FACE TAX INCREASES
UNDER PRESIDENT'S BUDGET

Vast Majority Would Benefit from Other Key Proposals

Some critics of the President’s budget charge that his proposals to roll back tax breaks for taxpayers with incomes over $250,000 would harm small businesses. In fact, only 8.9 percent of people with any small business income have incomes of over $250,000 and, thus, would even potentially be affected by these provisions. And that figure substantially overstates the percentage of people with small business income who would actually be affected by these provisions; for example, only 1.9 percent of people with such income currently are in a tax bracket with a rate higher than 28 percent. As a result, the percentage of people with small business income who would be affected by proposals to increase the top two tax rates or limit the value of itemized deductions to 28 percent of deductible expenses would be extremely small.

http://www.cbpp.org/2-28-09tax.htm

**Lizabeth** · 03-01-2009, 01:40 PM

Originally Posted by Jagger

VERY FEW SMALL BUSINESS OWNERS WOULD FACE TAX INCREASES
UNDER PRESIDENT'S BUDGET

Vast Majority Would Benefit from Other Key Proposals

Some critics of the President’s budget charge that his proposals to roll back tax breaks for taxpayers with incomes over $250,000 would harm small businesses. In fact, only 8.9 percent of people with any small business income have incomes of over $250,000 and, thus, would even potentially be affected by these provisions. And that figure substantially overstates the percentage of people with small business income who would actually be affected by these provisions; for example, only 1.9 percent of people with such income currently are in a tax bracket with a rate higher than 28 percent. As a result, the percentage of people with small business income who would be affected by proposals to increase the top two tax rates or limit the value of itemized deductions to 28 percent of deductible expenses would be extremely small.

http://www.cbpp.org/2-28-09tax.htm

You still don't get it ......It is Robbing Peter to Pay Paul!!!!

Roll back taxes for both and cut the size of government and government control!!!!!! That is what stimulates the economy. Not bigger red tape and more regulation.

**Jagger** · 03-01-2009, 01:43 PM

Originally Posted by Lizabeth

Roll back taxes for both and cut the size of government...

How much should military spending be cut?

**Jagger** · 03-01-2009, 01:46 PM

Originally Posted by Lizabeth

cut... government control!

What government control do you want us to cut? Please be specific.

**April15** · 03-01-2009, 02:02 PM

Your first post is relevant to the thread about Obama declaring war on investors and businessmen. As a small businessman I don't net those kinds of numbers nor do my competeters and friends. We gross more but just doing business eats up the majority.

**Lizabeth** · 03-01-2009, 02:03 PM

Originally Posted by Jagger

How much should military spending be cut?

What government control do you want us to cut? Please be specific.

Here you go, do away with any department that interferes with education; transportation; health care; labor; commerce; agriculture; mining; housing. I think that is a good start.

As for the military....didn't you see the headlines moments ago? Iraq has said they doubt that they will be able to protect American Drilling platforms due to the falling oil prices when US Troops leave. I believe we should increase military spending - develop some new and better weapons to scare the crap out of the people over there who hate us and our way of life enough to cowardly slaughter innocent people. Let's never forget those lost on September 11th and the reason their lives were cut short and by whom.

Plus didn't Obama just authorize the deployment of 17,000 troops to Iraq?

Personally, I would be fine with wiping the slate clean....completely take over those countries including the "stan" countries and then divvy it up amongst those who helped. What is wrong with conquering? They obviously as a people can't get beyond a dark ages way of thinking and fail to progress in any meaningful way. They would still be peeing, bathing & cooking with the same water if Western Civilizations didn't teach them what we have known for centuries! Think about it - it could wind up being a wonderful resort destination.

P.S.., Lets do something to get rid of OPEC while we are at it.

**Jagger** · 03-01-2009, 02:12 PM

Originally Posted by April15

Your first post is relevant to the thread about Obama declaring war on investors and businessmen. As a small businessman I don't net those kinds of numbers nor do my competeters and friends. We gross more but just doing business eats up the majority.

Too bad for you. My small business was very successful. Now I'm rich.

**Jagger** · 03-01-2009, 02:14 PM

Originally Posted by Lizabeth

do away with any department that interferes with education

What departments interfere with education? Please be specific.

**Jagger** · 03-01-2009, 02:16 PM

Originally Posted by Lizabeth

I believe we should increase military spending

You're obviously a tax, borrow and spend liberal, who doesn't really want to cut spending.

**Lizabeth** · 03-01-2009, 02:21 PM

Originally Posted by Jagger

What departments interfere with education? Please be specific.

If I have to explain "what dept interferes with education" then you are much to liberal in your thinking to even carry on a conversation. You see nothing and refuse to even question what is being done to our system.

Always, question authority no matter what side you are on...it keeps them on their toes. Blind faith in the democratic majority is a Big Mistake.

**Jagger** · 03-01-2009, 02:22 PM

Originally Posted by Lizabeth

I would be fine with...completely take over those countries and then divvy it up amongst those who helped.

Our military, under the pathetic command of a conservative, couldn't even control the Taliban in Afghanistan.

**April15** · 03-01-2009, 02:22 PM

Originally Posted by Jagger

Too bad for you. My small business was very successful. Now I'm rich.

Actually good for you! I may still get there but even if I don't I like what I do.

**Jagger** · 03-01-2009, 02:26 PM

Originally Posted by Lizabeth

If I have to explain "what dept interferes with education" then you are much to liberal in your thinking to even carry on a conversation.

Since you refuse to point out the interference, I shall assume that you really don't want to cut government spending.

**Jagger** · 03-01-2009, 02:29 PM

Originally Posted by April15

Actually good for you! I may still get there but even if I don't I like what I do.

I loved what I did, and I was either very lucky or very good at it. I'm inclined to believe I was lucky.

**April15** · 03-01-2009, 04:31 PM

Originally Posted by Jagger

I loved what I did, and I was either very lucky or very good at it. I'm inclined to believe I was lucky.

Either way, GOOD for you! Many try but only a few make it. be proud. I know I would.

Thread: Very few small business owners would face tax increases under president's budget

Thread Tools

Display

Very few small business owners would face tax increases under president's budget

Here you go! Start with these!

Posting Permissions