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10-19-2008, 09:20 PM #20
Senior Member
Like Rats leaving a sinking ship.
Obama and McCain Tax Proposals - washingtonpost.com
Originally Posted by justanotherbozo
He's right in a way. Joe the plumber, if the business was a sole proprietorship, it would not affect his taxes and would slightly benefit under Obama's plan unless the demand for his business exceeds normal industry standards for plumbing, making over 200K.
However, if it's an incorporated business, McCain's plan is much better in the short-term for the cost of future deficits. McCain's tax for business is far more efficient than Obama's. Business taxation would be 10% less under McCain and Obama and the wealthy would make back twice their income, opening up for more investment. Unless you are making over 200K, investing is important to you, you are a business owner of a very successful sole properitorship, partner(s) or Limited Liability Corporation, you work in an industry that republicans tend to lobby for, you would be doing yourself an economic disservice to vote for McCain. It's simply the facts.
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