gambler wrote:Just remember businesses don't pay taxes. They pass them right on to the consumer.
Dick, I've had this arguement on other forums lately and a lot of people don't think of how much this will really effect them, I've run a small business for over 20 years now.
If he's going to tax business' more they will do 1 of 2 things, either downsize creating more unemployment and less tax revenue or increase their prices passing it on to you the consumer. Same as when gas skyrocketed, within a few months the price of goods and services went up. Yes, business' have write offs, but remember, some have more than others so it depends on the business.
Also, most don't realize that a small business is considered 1-500 employees, so think of all the business' it will effect. Local lumber companies, retail stores, restaurants, car dealers, etc. They're trying to make it out like no plumbers make 250K, that's BS, i can attest to that first hand, they and alot of contractors do. Everytime i get hit with more and more increases my prices just go up, so people need to realize that next time they have to call "Joe the plumber" and he's now charging $100+/hr you can say thank you Mr. Obama.
I don't understand why anyone would want to "redistribute " their wealth, it's just another form of welfare. Lets punish the one's who actually go out and bust their ass and take risks in life and give more to those who don't ?? Everyone has the same opportunitys in life, most are to scared to take the risk so it's easier to work for someone else and complain about those who make more. Self employment isn't for everyone, I've given up a lot, family, friends, vacations, went 6 years without one once so I have NO sympathy for thise who don't try or are willing to. I'll decide what charitys to give to. Just for a side note I have no problem helping anyone who's disabled and who cannot physicaly work, but having 5-6 kids and being lazy doesn't constitute that.
Where does it end too ? Now it's 250K, the other day I heard it's really 200K. What's for them to one day say that 150K or even 100K is to much ? I love how these politicians know what's best for OUR money but they never seem to know how to spend THEIR money wisely