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Maybe you're not running your business correctly. I own a small business too and am not going to have to fire anyone because of Obama's proposals. He has not proposed one single tax that would directly targeted to small business owners.
If you have to fire workers, maybe you should blame yourself instead of Obama - remember personal responsibility?
There is such a thing as planning ahead which the democrats obviously do not know how to do. And of course, the democrats bear no responsibility for the economic crisis.
It is amazing how it seems like everyone on this forum is an expert in business even though all they know is what was read in a news article.
I won't comment on this particular situation because I don't own my own business, and because of that I shouldn't be arrogant enough to talk about it. If you don't own your own business, please don't talk. I have a feeling most people posting on this thread don't know much about this at all.
Do SB's pay traditional Capital Gains or is it known as something else and he mispoke?
"Obama says he would hike several taxes on people making more than $250,000, including the amount they pay on capital gains. Currently, the top income tax rate is 35 percent. Under Obama, that would go back up to 39 percent."
and so what if I want to save for a yacht. Isn't it my right to want to do so? Who says I got to pay for other people. Oh thats right, lazy ass democrats.
and no, I don't have enough to buy a yacht.
Because without your workers, you got no business, pal.
"Obama says he would hike several taxes on people making more than $250,000, including the amount they pay on capital gains. Currently, the top income tax rate is 35 percent. Under Obama, that would go back up to 39 percent."
He gave a speech a week or two ago about cutting capital gains taxes for small businesses (Neal Boortz was going on and on about how it was wrong because "Small Businesses don't pay capital gains taxes") so he has said that at one point.
My point was to find out if small businesses actually pay "traditional capital gains" or if they pay a different tax on profits than revenue etc. I am trying to get my MBA via City Data
I absolutely agree. That's why I'm planning for my business to be successful regardless of who wins.
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