Friday, February 27, 2009

Liz Sidoti must be face-deep in doughnuts

Were you worried I'd say face deep in something else?

Anyhoo, she had nothing to do with this AP column I'd reckon:

Claims that President Barack Obama's tax plans are an assault on small business skirt the likelihood that most job-producing small businesses wouldn't feel that pinch at all.

Obama is proposing to raise taxes on households earning over $250,000 by increasing the rate on the top two tax brackets and limiting deductions, starting in 2011.

Republicans and other critics, knowing they will get little mileage from defending the rich, instead are casting the plan as a tax hit on people who run industrious little companies driving job growth.

That's not likely, according to one in-depth analysis, which found that more than 95 percent of small business owners would be off the hook.

Obama does not propose higher business taxes.

But critics reason that owners of many small companies report business income on their personal tax returns instead of filing corporate taxes. That exposes their business's earnings to Obama's higher tax rates on the wealthy.

To be sure, some business owners would get caught in that net.

But for one thing, most small businesses don't create jobs. They tend to be lawyers, accountants and other professionals who earn some of their money from partnerships or otherwise organize themselves as a business entity.


When not attempting (and failing) to entertain America (or at least .000007 percent of it) I'm one of these small businesses. And as one of them I say, tax reform away President Obama.

2 comments:

Anonymous said...

For example, when user is writing a text to someone, but suddenly they decide that they
wish to talk instead. Irrespective of class and standard, this most significant communication tool is now important for all as we need food,
water, shelter etc. This is not only handy for presenting you with updates all in one place but it
also merges with all of your contacts and calendars that are
stored within these accounts.

Also visit my web page: samsung galaxy s3

Anonymous said...

For example, when user is writing a text to someone, but suddenly they decide that they wish to talk instead.
Irrespective of class and standard, this most significant communication tool
is now important for all as we need food, water, shelter etc.
This is not only handy for presenting you with updates all in one place but it also merges with all of your contacts and calendars that are stored within these accounts.


Feel free to surf to my homepage :: samsung galaxy s3