I'll steel from your right pocket to fill your left.
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Obama is calling on Congress for a 100B small-business 'thing' for lack of a better word. It is based completely around stopping tax cuts allowed under the Bush administration to fund the credit. Here is the truth in that though. Most small business owners, especially those in Type-S corps, make over $250,000. Wait, I'll rephrase, are taxed on an income over $250,000 since all revenue on-hand in the company is viewed as 'income' by the Federal Government. This is the same group that Obama wants to "tax for being rich". So essentially, Obama wants to tax a group to pay itself later. This is the most ridiculous thing Obama has yet announced. Sadly, the only people smart enough to realize how bad this is are in the minority of voters. I'm sure to those that think $250,000 is "rich" this probably sounds like a great idea. Oh what a blessing to be ignorant.
Obama is calling on Congress for a 100B small-business 'thing' for lack of a better word. It is based completely around stopping tax cuts allowed under the Bush administration to fund the credit. Here is the truth in that though. Most small business owners, especially those in Type-S corps, make over $250,000. Wait, I'll rephrase, are taxed on an income over $250,000 since all revenue on-hand in the company is viewed as 'income' by the Federal Government. This is the same group that Obama wants to "tax for being rich". So essentially, Obama wants to tax a group to pay itself later. This is the most ridiculous thing Obama has yet announced. Sadly, the only people smart enough to realize how bad this is are in the minority of voters. I'm sure to those that think $250,000 is "rich" this probably sounds like a great idea. Oh what a blessing to be ignorant.
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