DEMOCRATS’ TICKING TAX BOMB, PART V

I'm A Pundit Too ^ | 08/24/2010 | Doug Ragan

[TheNewPundit]

How the Democrats’ Year-end Tax Hike Will Affect Small Businesses

Starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans. This tax increase will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses.

As described below, Washington Democrats are targeting small businesses – the engines of job creation and economic growth – for much higher taxes starting next year, at a time when they are struggling just to meet payroll and the unemployment rate remains near 10 percent. Among the most significant small business-related tax increases that will take effect on January 1, 2011:

[snowrip]

Obama is anti-Anerican to the core.

[MNJohnnie]

Democrats claim they want to "end tax cuts for the rich"

When they have to start their arguement with a lie, they lose the argument.

The Bush tax cuts apply to EVERYONE. Ending them will cost the average working class family of 4 $2000 more a year in additional federal taxation.

So keep lying Progressive Fascists Democrats. Next year it going to be really funny to watch you try an explain to your blue collar voters why you raised their taxes

[updatedscreenname]

Article left out some big issues:
1. The weakling economy. With more talk of double dip and disappearing customers, many small businesses are hanging on by their fingernails.
2. Health Care Costs, At this point small business owners don’t know what the heck obamacare will do to the bottom line.
It looks like it will be better to pay the fine and let employees pay obama directly (or not and just let the irs fine them as well)
3. Aggressive State and City tax departments. Many State and local tax departments are making up tax claims because they know that many small businesses don;t have the resources to fight them. Unfortunately, many jobs are being lost, as the business owners simply close up rather than pay the extortion.

[JerseyHighlander]

What the heck, I’ll repost an old comment here...

Every month the BLS posts employment statistics that include median wage and average hours worked.

When the median wage drops 0.1% in a month, dozens of the most prominent mainstream economists in the world (as polled by Bloomberg News LLC) send out newsletters fretting about the loss of discretionary household income and the resulting slowdown in the US economy.

THe Obama tax increases will permanently lower US discretionary household income by 3.5 to 5% depending on income bracket, yet less than 15% of the above mentioned economists polled by Bloomberg have as of yet sent out a newsletter fretting over this structural decrease in household discretionary income and the resulting slowdown it will cause the US economy.

[Vaduz]

It’s a good thing stupidity isn’t taxed the democrats would be broke.

[SERE_DOC]

Respectfully until Business and the American people, de-fund Congress and their BS intrusion on the freedoms that this country once stood for, it will continue unabated.

Apathy has to come to an end and the confrontation has to start, respectful and non-violent in their face push back of these snakes in DC, as well as the trials for their crimes.

Insider info is the only way a person can go to DC and end up a millionaire or like Turbotax Tim, Rangel, Waters an a host of others who bend the law to suit themselves.

ENOUGH!