The small business sound bite is old-school these days. Only 3% of small businesses would be affected, and remember, 100% of americans were to receive the tax cut extension. It's only the income ABOVE your first $250,000 in play here. So a small business making $251k would be near zero difference.

Yeah what's another 700 billion added to the deficit anyways. No biggie. We aren't planning on paying that shit off anyways.

Typically I would say we could just print more money, but apparently we screw that up too...

http://news.yahoo.com/s/yblog_theloo...money-properly

you must have a pretty shitty accountant/financial planner if this tax break means so much to you... :2 cents:




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As with all rabble guesses at how their betters live, the "good accountant" myth only sound smart to the lower brackets

"President Barack Obama has called for their permanent extension for singles with incomes below $200,000 and married couples with incomes below $250,000, but has proposed that most of the tax cuts for households with higher incomes be allowed to expire.

To buttress this position, the president and his supporters have repeatedly asserted that the expiration of these cuts will have little impact, because they affect only a tiny fraction of the wealthiest Americans, people who "can afford it."

Recently, for example, Vice President Joe Biden harshly rejected House Minority Leader John Boehner's assertion that the hikes would harm small businesses, saying that "he has created this myth that a tax cut for millionaires is actually a tax cut for small business. There aren't 3% of small businesses in America that would qualify for that tax cut." House Speaker Nancy Pelosi flipped the number around, saying that the planned tax increases would exempt "98% of American families and about 97% of small businesses."

The impact is far more severe than Mrs. Pelosi and Mr. Biden suggest. In fact, the sound bite about 3% of small businesses, which has been picked up by numerous pundits, is one of the more misleading statements in the long history of economic propaganda.

The 3% figure, which is computed from IRS data, is based on simply counting the number of returns with any pass-through business income. So, if somebody makes a little money selling products on eBay and reports that income on Schedule C of their tax return, they are counted as a small business. The fact that there are millions of people in the lower tax brackets with small amounts of business income may be interesting for some purposes, but it is irrelevant for the assessment of the economic impact of the tax hikes.

The numbers are clear. According to IRS data, fully 48% of the net income of sole proprietorships, partnerships, and S corporations reported on tax returns went to households with incomes above $200,000 in 2007. That's the number to look at, not the 3%. Would Mrs. Pelosi and Mr. Biden deny that the more successful firms owned by individuals in the top income-tax bracket are disproportionately responsible for investment and job creation?"

http://online.wsj.com/article/SB1000...524326290.html

12clicks you are such a fucking joke it is incredible

obama is president and you are some hasbeen posting on gfy to a bunch of people you apparently think nothing of

take the rest of the day off kid :1orglaugh

I hope you didn't race home from your fast food job just to post this.
your mom would have let you use the family computer even if you didn't rush home.

"Sure there are some small businesses in those top two income brackets. But the reality is that only about 2 to 3 percent of all small-business filings every tax year are in the top two income tax brackets.

So we're really talking about 98 percent of small-business filings would not be affected by allowing the Bush tax cuts for the top two income tax brackets to expire on schedule.
"


http://www.thenation.com/blog/155053...ich-spend-jobs

don't confuse tom with facts.
46 year old affiliate managers have the world all figured out.
no need for silly things like facts.

the truth is I am very disappointed in him

I am disappointed in him as well! All promises (broken) and no action! But honestly I don't see how Palin and the Grampa McCain would have been better..

you think soaking the rich simply because they have it is a good thing?

explain.

What he thought isn't what he thought it was. That sucks for him.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

wow, i guess you are really broke...

as a business owner (albeit a tiny one), you should know many of the ways you can lower your personal tax liability..

your comment tells me that you probably do your taxes yourself using quickbooks...

play on playa.... play on..... :1orglaugh







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come on little fella, only the unaccomplished like yourself fall for the good accountant myth.

run along and wow the rabble. your $30k a year vocabulary exposes you without you even realizing it.:thumbsup

I'm dissappointed in Obama as well. He should have let this go on until the only voices left speaking were those holding things up.

Want people to pay attention? Let all the tax cuts expire and they're paying attention.

The GOP better hope that unemployment drops like a stone now because they went in to the hilt with this thing. Their political lives could very well depend on employment results that they can actually tie to extending the top 2% tax cut bonus for 2 years longer.

You do realize that it takes months or years for unemployment to drop regardless of policy? Or are you just rationalizing?

thats the best you can come back with...

and wow... i must be really putting in the over time at McDonalds to make 30k a year... :thumbsup

now, instead of posting your rabble about how tax increases are going to hurt your business, dont you think you should focus on your dwindling revenues?

i guess you could always go back to mainstream... :1orglaugh




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here in America, the intelligent part of the population isn't interested in stealing from the rich. They understand that the real problem with America is the government wasting our money.

the dems moved away from class warfare because they realized it was only seen as a good thing by the stupid.

ouch. a chat board troll has me all figured out.:1orglaugh

Coming up on year 10 for this plan to work.. plus 2 more coming right up. Surely in years 11 and 12 there could be an expectation of tangible results?

Enjoy hell asshole :321GFY

you're a fool if you think anyone (left/right/up/down) in government wants to spend less. its a business for them! its just a game to play morons off each other like whats happening in this thread.

oh! look who's home from their day job and wants to pretend to be an adult webmaster!

please blow away. you're out of your depth. I KNOW government doesn't want to spend less.
do canadians just roll over meekly when their government wants to tax and spend more than they should?
most likely.
Americans are a different breed.

For the plan to work effectively, all of the other economic factors have to be in place. This just helps.

:1orglaugh:1orglaugh:1orglaugh

http://www.governmentcontractswon.co...4251.asp?yr=00

show me how you guys are a different breed lol

politics are a game and you're nothing but a pawn buddy. you can use your vote to try and change things but you should be old enough by now to see that nothing ever really changes no matter who you vote in. the two party system is a joke. decisions are bought and sold, votes mean nothing. you are out of your depth (and very naive) if you believe any politician has your best interest in mind.

http://www.cbsnews.com/stories/2010/...n7111670.shtml

Less than 50%(46%) of even repubs say they should continue the tax cuts for those over 250K. Only 26% of people polled said they should continue.

The bolded text is the problem with your entire post.

so what is your solution then? have no government? If it's naive to think that your vote is worth something then what is living in a system in which you think you are oppressed in exactly?

he's right in a sense about us canadians rolling over with taxes... they fought wars over keeping theirs down. We just pay more and more and try to vote our way into lower taxes, which is pretty ineffective to say the least...

My point was that it had been argued in this thread that the majority of people want tax cuts for the rich. This is simply not the case.

I'm more for a flat tax or higher sales tax and get rid of income taxes. americans fought one war over taxes so long ago it has nothing to do with who is living today. what are they going to do if they don't like tax increases? vote them out, ok well chances are the next people you vote in are going to do the same thing anyways. i don't have the solutions to curbing how corrupt politics is but i have to chuckle at those who think voting a certain party in will fix anything.

Yet again, you claim to have read what I wrote and then proceeded to completely disregard that. Saying "this is simply not the case" begs for proof that you don't have, other than a meaningless, unrepresentative poll. It could be the case or it may not be, you don't know.

I'm not sure who had originally claimed that a majority of people want the tax cuts for all to continue as I was just casually browsing the thread while doing other things. My original post came as a reply to and quoted 12clicks, not you, although I can see how you would get you 2 confused.

If you want to argue over their methodology, fine. Whether you want to believe the polls is not my problem. They may not be "proof" that you are begging for, but they are supporting evidence to substantiate what I said.

Why are you responding to this? Cant you hear the big boys are talking? :1orglaugh

thats the only intelligent thing you have said here in months and yet the republicans love to spend money just as much as the dems..

until people do more than just complain, nothing is going to change..

since when did becoming a congressmen mean you would become a millionaire... :2 cents:

"show me a poor politician and i will show you an honest politician".... marketsmart 2010




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Is that all you are going to 12dicks is post anti-Obam stuff? Are you here to do business or be a GOP troll?

You're a liberal troll who says dumber things than any "GOP troll" could ever dream of.