As explained previously, I feel Obama may suck from the middle class to pay the poor. Maybe someone on here who knows differently can quell my concerns:shrug:
Bob Brinker explains how hard Obama is looking to tax successful small business owners.......
?This is the plan where, right now you have the $102,000 cap on the Social Security tax. This is the 6.2 plus 6.2, which is 12.4 to the entrepreneur and business owner??.everything above that not subject. Well, he has this donut hole idea, where you create maybe a $100,000 up to $200,000???. where you don?t do anything right now???where you don?t make any changes. Then he sinks the battleship when the donut hole is finished. Because above $200,000, the Junior Senator from Illinois, in his na?ve notion of how jobs are created and economics works, is talking about lifting the cap on Social Security??..So we have the 39.6 and we have the 12.4, so all of a sudden we?re up to 52%. And the 2.9, the cap is already lifted on Medicare??.now we are up to 55%. How many entrepreneurs do you think live in places that charge high state taxes???now you are up to 62%, depending on the state you choose. A 62% marginal tax rate on entrepreneurs. This is the policy that Barack Obama is talking about.?
Bob Brinker explains how hard Obama is looking to tax successful small business owners.......
?This is the plan where, right now you have the $102,000 cap on the Social Security tax. This is the 6.2 plus 6.2, which is 12.4 to the entrepreneur and business owner??.everything above that not subject. Well, he has this donut hole idea, where you create maybe a $100,000 up to $200,000???. where you don?t do anything right now???where you don?t make any changes. Then he sinks the battleship when the donut hole is finished. Because above $200,000, the Junior Senator from Illinois, in his na?ve notion of how jobs are created and economics works, is talking about lifting the cap on Social Security??..So we have the 39.6 and we have the 12.4, so all of a sudden we?re up to 52%. And the 2.9, the cap is already lifted on Medicare??.now we are up to 55%. How many entrepreneurs do you think live in places that charge high state taxes???now you are up to 62%, depending on the state you choose. A 62% marginal tax rate on entrepreneurs. This is the policy that Barack Obama is talking about.?