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Wealthy people own large and established corporations. And in today's America its small/medium sized businesses and startups that create the overwhelming majority of new jobs.
you are correct the majority of americans work for small business........
........ yet the liberals do everything they can to overtax, overburden and kill the small business (If you’re a sole proprietor, an LLC, an S-Corporation, or you’re in a partnership (including a limited partnership) – your business doesn’t pay tax. Instead, you declare the income you receive from the business on your personal return and tax is calculated according to tax brackets.)
liberals want to make it that what was middleclass(60k-200k) is now called rich and taxed to death.
The fact remains that he wasn't rich when he started out, and that he created a lot of jobs before he became wealthy. The fact remains that small businesses are owned by people who aren't rich, and they employ the majority of people in the private sector in this country. It's middle-class people who go out and start businesses who create jobs in this country. And you can try to spin it that it's rich people creating the jobs, but the truth of the matter is that rich people, like our President, don't invest their money, they find ways to use other people's money, middle-class people's money. Rich people borrow money from banks to invest, and they protect their own money. That's why our President declared bankruptcy six times. He declared bankruptcy against the money he borrowed, while he never put his own assets at risk. If rich people don't use their own assets when they invest, then, no, they aren't creating the jobs, not directly or indirectly.
Trump has never declared personal bankruptcy. He has taken six COMPANIES that he controls/controlled through bankruptcy....which isn't the same thing....and I can tell from the rest of your post that you know full well that it isn't the same thing. You just want to blur the lines for people who don't understand the difference, hoping to be able to influence their views.
you are correct the majority of americans work for small business........
........ yet the liberals do everything they can to overtax, overburden and kill the small business (If you’re a sole proprietor, an LLC, an S-Corporation, or you’re in a partnership (including a limited partnership) – your business doesn’t pay tax. Instead, you declare the income you receive from the business on your personal return and tax is calculated according to tax brackets.)
liberals want to make it that what was middleclass(60k-200k) is now called rich and taxed to death.
When I was a kid I had relatives who lived in a UMC suburb. My relatives owned a mail order photo finishing company (they used to run classified ads in magazines, you'd shoot a roll of film, mail it to them, and they'd mail back your pictures and negatives - way before 24 hour photo) and a camera shop. Their neighbors were doctors, Fortune 500 senior executives, and mostly small business owners. So I gained the perception of small business owners living in UMC luxury while their workers toiled for low wages and lived in squalor.
liberals want to make it that what was middleclass(60k-200k) is now called rich and taxed to death.
You would probably consider me to be a liberal. I do NOT consider a six-figure income to be "rich."
What I am concerned about are the people who are rich enough to buy politicians, aka the billionaire class and the corporate upper management class.
Warren Buffett famously said that he pays a lower tax rate (percentage) than his secretary. Do you think that is fair?
What the super rich have done is screw over low and middle income workers, as well as small business owners. They've sent the good jobs overseas or eliminated them with technology, sending millions into low paid service jobs.
Low paid service workers depend on government services just to survive. But naturally the billionaire class doesn't want to pay taxes for welfare programs, so guess who they pushed the tax burden onto: the people in the middle and upper middle class, including small business owners.
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Democrats, please explain how many jobs are created by poor people other then government employees?
Can you explain why those who create jobs, a clear admission they can't do what they need to do by themselves, all too often treat those filling those jobs as liabilities rather than assets?
Exactly. WE spend the money that keeps this economy going.
Listen - it didn't work then and it won't work now. But the Koch brothers just held a secret meeting with 18 Republican congressmen that IF they don't get taxes lowered, etc - their campaign funding money well is gonna dry up.
You would probably consider me to be a liberal. I do NOT consider a six-figure income to be "rich."
What I am concerned about are the people who are rich enough to buy politicians, aka the billionaire class and the corporate upper management class.
Warren Buffett famously said that he pays a lower tax rate (percentage) than his secretary. Do you think that is fair?
What the super rich have done is screw over low and middle income workers, as well as small business owners. They've sent the good jobs overseas or eliminated them with technology, sending millions into low paid service jobs. Millions of low paid service workers depend on government services just to survive. But naturally the billionaire class doesn't want to pay taxes for welfare programs, so guess who they pushed the tax burden onto: the people in the middle and upper middle class, including small business owners.
Of course it's not fair. Buffett paid way too much income tax.
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