Quote Originally Posted by daihashi
Taxation eats into any type of expansion they may want to give; or perhaps giving their employees a small raise, or maybe they have 4 employees.. make 300k and wanted to give them all a couple of hundred dollars as a bonus, which would be eaten away under Obama's Plan. Furthermore many small business owners pay themselves a salary and put money back into the business as well. Net Income doesn't factor in entire salaries that you pay your employees; another reason why the 3-4% increase over 250k Net Income is so critical.
I'm not an expert on taxes, and I'm not going to deny that the cost of taxes cuts into the bottom line, which it obviously does. But I'm not sure I believe everytihg you said here is correct. I think things like the salaries, raises and bonuses you mentioned are deducted from the taxable income of the business. And a lot of the cost of expansion that you mentioned can also be deducted and depreciated over time as well.