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.
dragonrider Reviewed by dragonrider on . mccain obama debate #3 WTF was mccain talking about when he said that canada's response to obama's nafta policy was "we'll sell our oil to china"? i live in canada and i never heard anything remotely like that from any canadian in politics or coffee shops i think obama took that debate but he was weak in his counter-offence to mccain...i think he was trying to take the high road...obama would have done a better job of that by apologizing to mccain for taking the low road on negative campaigning Rating: 5