Quote:
Originally Posted by Hog1
If you have a Small (full time) business grossing less than 250k, your living on the street already. After expenses and tax's most business's won't have much left over.
If we are talking about personal income, over 250k. In OshKosh, that's probably pretty good loot. Not so in NYC, DC, either coast and much in between.
How does Barrack Hussein thinks that's fair, I wonder? He talks a lot about it. It seems much more fair if you are not in those groups, I imagine. These groups are already paying a whole lot more income tax than I am. Interesting concept of fairness Barrack has....
Actually, when you think about it, he's just a modern day Robin Hood? Steal from the rich and give to the poor?
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Well in my area if you do not have hugh over head to run the business 250k could mean some nice income. If its a business with alottmore over head then your right it could mean your making close to nothing. I know some new business owners where the business grosses over $300,000 but with all their overhead as a new business are just getting by. They will be fine after they pay off some of their equipment and keep growing but from what I read that will put them in a higher tax bracket under Obamas plan even though they are just getting by. His own words is any small business making over $250,000 will pay higher taxes. He does not say if the owner is making over 250k they will pay higher taxes. When he says this 250k number people think he is talking about the bring home pay of the owner which is incorrect.