Not under the obama plan.

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Obama Low Effort Wealth Spread. I can't believe it's not earned!

The Obama plan are just small changes. I'd say the status quo is very important in evaluating those changes. I haven't heard him about getting rid of the benefits for small business owners.

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Terrornoia: how the propa-ugandists used the omni-territorialization of terror for the fundamen-talismanization of criminal law in a multi-cultus-ritualistic society

Hardly.
For instance...on 20 employees I pay on average about $8000 per month in payroll taxes....alone. That is $400 a month per employee.
Then comes income tax.
Then comes my income tax.
Then comes property tax (huuuuuuuuuuuge)
Then comes Capital Gains tax
Then comes inventory tax

Put it this way Eric - I pay faaaaaaaaaaaaaaaaaaar more in taxes then I do health benefits for all employess and their families.
Taxes besides raw materials and hourly wages...is the biggest expense most small businesses have.

Because they hear the spinned up version.They hear "raise taxes on the wealthiest people and big corporations"...in reality that is "everyone who makes a fairly good living and all businesses...including the one you work for"[/font]

We are having record lay-offs right now.
Businesses are digging fox holes to weather the economic storm all across this country...and someone wants to further burden them with additional expenses they have no control of???....yeah that will make things better.

Most obvious relevant Karl Marx quote - "From each, according to his ability; to each, according to his need."

Less well known but equally relevant Karl Marx quote - "I am not a Marxist."

Best summary of the problem, from Wikipedia - "Karl Marx posited that socialism would be achieved via class struggle and a proletarian revolution which represents the transitional stage between capitalism and communism.[3][4]
Socialists mainly share the belief that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital, and creates an unequal society. All socialists advocate the creation of an egalitarian society, in which wealth and power are distributed more evenly, although there is considerable disagreement among socialists over how, and to what extent this could be achieved.[1]"

link - Karl Marx - Wikipedia, the free encyclopedia

Bragged about it? lol....I donated to the maximum, like I do every election. I donate to local and state politicians too. Trust me, it is good to have friends that work in government. I also donate a percentage of my income every year to my favorite charities via a Charitable Trust. My company sponsors a few local baseball teams, and I buy shitloads of candy from the children in the neighborhood as well. Is that bragging too?

Yes, I can afford it. I can afford to shelter my income with accountants, tax advisors and by utilizing any number of legal tax avoidance techniques. I will be using every creative bookeeping technique I can to avoid paying more taxes. Regardless of whom is elected, I won't be suffering at all. It is the guys that I'll need to let go and their families who'll be worse off. Maybe the few thousand they're being promised to by Obama's handout program will feed them? Maybe that will be enough to pay their rent? Maybe? ....maybe not. Either way, I won't be suffering. I'll work a little harder and become a lot less generous.

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I think at this point there needs to be a focus on an immediate increase in spending and I think this is a time when deficit fear has to take a second seat . . . I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of the money."
-- Barney Frank, October 20, 2008

"My network determines my net worth". Cheers to you.

For those of you counting on the "middle-class tax cuts" that Sen. Obama has been promising, you should know that he promised middle-class tax cuts when he ran for the IL State Senate, and again when he ran for Congress.

He's never actually proposed a tax cut while in office and never voted for those that were proposed.

Therefore, if I were you I wouldn't count on getting a tax cut from "President Obama" either.

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A gun in the hand is better than a cop on the phone.
64,999,987 firearm owners killed no one yesterday.
The United States Constitution (c)1791. All Rights Reserved.

No. There are tax incentives that accountants use as tax shelters, but, you have to spend a lot of money on things you would not be considering otherwise. I don't think of a tax break as money saved, when I have to spend 3 times the amount of "saved" money to get the break. I fell for this once and ended up paying way too much for equipment i really didn't need and just to put my business in a money crunch to save on some taxes. Bad decision. Live and learn, I guess.

This $250K mark... is this Gross earnings, or, NET earnings in Obama's plan? No one really can say. If it's GROSS earnings... that's nearly every small business. I can attain $250K GROSS earnings part time. Doesn't mean anything in real world, spendable income.

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"A government big enough to give you everything you want, is strong enough to take everything you have." -Thomas Jefferson

I take it from context that you mean corporate income tax.

(Two basically irrelevant questions just from curiosity. Why are you paying capital gains taxes through your business? And: What's an inventory tax?)

Anyway -- the line in bold is the only one that might see a tax increase as a result of Obama's plan, if your income from the business is over $250,000 a year. Sorry about all that other shit, but there's no proposal to change any of it. (Your employees, although you seem to be fairly generous on the average, don't make enough for you to get hit by higher SS taxes.)

The best wealth to inherit is the wisdom gained from your parents' lives.

Wisdom>$$$

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"The quickest way of ending a war is to lose it."
- George Orwell

An inventory tax is a property tax on the value of your inventory. Several states have it. I suppose Indiana is one of those states. Maryland has it.

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I am an American. That's the way most of us put it, just matter of factly. They are plain words, those four: you could write them on your thumbnail, or sweep them clear across this bright autumn sky. But remember too, that they are more than just words. They are a way of life. So whenever you speak them; speak them firmly, speak them proudly, speak them gratefully. I am an American. ...a tradition

i like to know that i live in a country thats fair. in this county, everyone works hard, yes some more than others, yes some better than others, but the differences in wealth do way more than represent that discrepancy.

we are coming for you. Socialism is on its way!!!!

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Anyone with a vision needs to see an eye doctor. -Helmut Schmidt.

"Mrs. Palin, which specific journals and news sources do you read? (after being asked once)"

"Oh, All of them!"

Inventory taxes are the reason stores in some states have insane sales at weird times throughout the year, such as shortly after Christmas. Having excess inventory can become very expensive very quickly.

Essentially, all levels of government have successfully raised taxes in every (invisible to the voter) way possible on commerce.

Income taxes are the biggest topic not because they are the most significant taxes, but because they are the most visible. I'll bet over 75% of Americans don't even know what a "Capital Gains Tax" is except that it "hurts the rich". That is, until they try to sell their homes. The joke is, of course, that capital and labor are largely interchangeable, as sweatshops in China demonstrate. A tax on capital gains ultimately affects the market for labor, since increasing the price of capital increases the demand for and use of unskilled labor.

Or, in other words, increase capital gains taxes enough in the US, and US companies will find cheap labor overseas (outsourcing). It would appear this concept is beyond the reasoning capabilities of a large hunk of the electorate.

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"The quickest way of ending a war is to lose it."
- George Orwell

I thought is was a mistake for McCain to keep bringing up the spreading of wealth tactic in the debate last night. What McCain fails to understand is that the majority of Americans resent or are jealous of the rich and want their money. They want to be able to sit at home and do nothing and get paid. They believe the rich have it easy and never had to sacrifice or work to get where they are now.