Wednesday, December 23, 2009
I was recently sent a mass email (I will paste the email into the comments) from a family member which outlined the plight of the small business owner. Basically, when you own a company and it makes a profit at the end of the year, this is what you have to put on your tax return. So, when one considers Obama's screw all the people who make over $250,000 shtick, one cannot help worry about the group that is responsible for something like 80% of all employment (I'm not sure about this number and didn't feel like looking it up, feel free to do so, it might be even higher). Personally, I think it would be dumb to do anything to hinder job growth right now. The email that I am referring to was told from the perspective of the president of a company who made $530,000 in profit from the company. He argued that with that $530,000 he has to re-invest in the company so it can grow, and that how can he do that when he is getting taxed so strongly. With these things in mind, I present An Argument for Taxing the Wealthy (including small business owners to make over $250,000).
Posted by Jesse at 10:38 AM