Question by demhater: How many people will be laid off if the Libs get their way and raises taxes on small business owners?
Most small business owners fall into the 250K group because they file individually with their businesses making up the bulk of the 250K.
Best answer:
Answer by Mr. Wolf © maybe I am a Muslim
You have been lied to. Most small business owners do not fall into the 250K group but you know what they say “some people like being lied to”
Add your own answer in the comments!
A lot fewer than when the country goes broke from borrowing money to give them tax breaks.
And any such increase will effect only 3% of small business owners.
Things will dry up,… once unemployment hits 25%, it will slid us into oblivion.
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Lies!
Impossible to answer because the premise is based on a lie.
No. Most small businesses do not fall into the 250K group. Not even close.
libs are so dumb they think only a fat guy on a yacht will get taxed. They have no clue how the economy works
NOT TRUE. Only 2% of small business owners would be affected.
Myth #2:
2. Allowing the high-income tax cuts to expire would hurt small businesses.
One of the most common objections to letting the cuts expire for those in the highest tax brackets is that it would hurt small businesses. As Sen. Orrin Hatch (R-Utah) recently put it, allowing the cuts to lapse would amount to “a job-killing tax hike on small business during tough economic times.”
This claim is misleading. If, as proposed, the Bush tax cuts are allowed to expire for the highest earners, the vast majority of small businesses will be unaffected. Less than 2 percent of tax returns reporting small-business income are filed by taxpayers in the top two income brackets — individuals earning more than about $ 170,000 a year and families earning more than about $ 210,000 a year.
And just as most small businesses aren’t owned by people in the top income brackets, most people in the top income brackets don’t rely mainly on small-business income: According to the Tax Policy Center, such proceeds make up a majority of income for about 40 percent of households in the top income bracket and a third of households in the second-highest bracket. If the objective is to help small businesses, continuing the Bush tax cuts on high-income taxpayers isn’t the way to go — it would miss more than 98 percent of small-business owners and would primarily help people who don’t make most of their money off those businesses.
Prolly no more than when Cons take back The White Wash themselves. Our whole system is corrupt and Rome is falling.
Most of these answers are proof that libs don’t know anything about business. Of course most small business owners are in the $ 250k+ income. Many will be hurt by this
None. If we let the con’s have their way we will go right back down hill. Also, most small business owners don’t pay themselves an income. That way they don’t have to pay personal income taxes. I know. I’m a small business owner.
I think your argument is another case of fear mongering because a provision exist for business owners who make 250k will be allowed to make amends to their taxes so it doesn’t hurt like you are trying to claim…