Posted on 10/17/2012 9:02:46 AM PDT by The Louiswu
Zactly!
If I have more money by way of lower taxes, I’m reinvesting that into the company and/or hiring more people to more work.
The bigger your army the bigger the wars you can fight.
An observation, small business is like the middle class. Without large engine businesses and large scale entrepreneurs, there is much less, or smaller scale opportunity to grow. Make it difficult for the larger businesses/entrepreneurs to forge a path through high taxes, silly useless regulations (with the force of law), and a hostile environment in which to conduct business, rather than expand to fill the volume, they will run closer to the bone.
Same thing goes for the middle class/small business. If it gets harder to expand due to artificial constraints (gov intervention) vs. market forces, of course it is going to be a closer to the bone operation.
calling it the middle class seems incorrect. In the real vice imagined-by-the-left class warfare, there are only two real classes, producers and consumers (makers and takers). The government taxes one to support the other.
.02, YMMV
Undecided voter?
Taking money out of an S corporation is not usually a taxable event. Increasing taxes may encourage S corporation stock holders to take more out of their corporations to pay the taxes.
Jeb Banner
CEO/Co-Founder
SmallBox
a web design and marketing firm statrted in 2006
He has a web site http://www.jebbanner.com/
Some of the Article Titles
Raising Taxes To Create Jobs
The Case For Redistribution Of Wealth
Betting On Mitt Romney
Not worth the visit really. He is a Liberal
Higher taxes are passed on to the consumer which means higher prices which means less buying which means less business which means layoffs.
Increases in production depends on increases in productive expenditure which depends on increases in investment which depends on both increases in savings and decreases in consumption. Savings is increased and consumption is decreased when tax rates are decreased and time preference (compelling present) is decreased.
Having lived in Indianapolis and still having many contacts there, I’m glad that this idiot has outed himself as socialist scum. I’ll definitely tell people I know not to do business with him.
Businesses don’t pay taxes. There is no such thing as a business tax. Businesses merely collect taxes from their customers and investors.
I didn’t know Paul Krugman had a facebook page.
“Why? Because, as a
small biz employer”
I call BS.
All “profits” at the end of every year are taxed - you are not allowed to keep a “business slush fund” at all. They flow through from the business to the company owners. Individuals pay taxes on their “salary” plus “profits” - anything that is not “expensed” as the cost of doing business (unlike a C-corp, where salaries are part of the cost of doing business).
Therefore, if you lower the individual tax rate on people making more money (small-business owners in S-corps) then they have more money “on hand” to hire more people.
In fact - although this person seems “stupid” it does show what I have been saying to all who will listen:
ROMNEY NEEDS TO DO A BETTER JOB OF EXPLAINING THIS.
Not every voter in the US has ever had an S-corp or an LLC, and they do not know he means when he says “small business owners are taxed as individuals.”
At the least he should say “small businesses are taxed as individuals - not as corporations, so lowering the tax rate on all incomes means you are lowering the tax rates on small business.”
The typical liberal nonsense. I own and operate a business myself. Obama’s plan to raise taxes (already raised payroll deduction amounts for funds they are already robbing), increase regulations (which he has to a great degree already), and make business with 50 or more employees required to facilitate Obamacare coverage is going to kill the economy. In fact the fear of what he is implementing is scaring business, both large and small, and its making them afraid to hire any employees. We already have one of the highest corporate tax rates in the world as it us. This man knows nothing about running a successful business other than to rob others and line his own nest. That’s what elite socialists do; all the rules apply to “everyone else” but them.
To the OP - running a car detailing or window washing business is nothing like running a real business with overhead and employees.
I stopped reading at Facebook...
^ Also applies to running a home based Internet website design business. It’s not like running a “real” business. I know...my wife owns one too and it sure isn’t paying the bills. I bet you’re collecting welfare benefits and getting paid online through Paypal and not claiming it as income. Liberal jerk off. I should look him up and tell one of my buddies at the IRS to take a look at him. Oh wait that would be too Obamalike...
You can write off all the Wages, the Back Braces and the Workman's Comp Claims, so your Taxes will be less.
BTW - I actually know a Lawyer who basically parrots the same logic in this article. I get a headache whenever we discuss anything but the Family Pets.
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