Tuesday, July 8, 2008
A scary situation
Obama want's to increase taxes on everybody that makes over 250 grand a year.
There are 23 million small business owners in America who file their business income taxes as an individual taxpayer. These small business owners employ people ... tens of millions of people. In fact, the small business owners of this country provide way more than 70% of the private sector jobs out there.
When Obama talks about raising taxes on people who make more than $250,000 a year he's talking about raising taxes on the man or woman who writes your paycheck.
Now ... would you care to spend a few of your precious minutes thinking about the logical consequences of raising taxes on your employer? Do you think they're just going to cut back on the money they take from their business operation? Oh yeah, sure they will.
Surely you can see that these people are going to adjust to their increased tax load by cutting back on business expenses. You, my friend, are a business expense. Are you going to be the business expense that gets cut? Perhaps so ... and then what happens? The evil rich have now they have taken away YOUR job, and you hate them even more.
What about those (like my wife ) that could make close to that in a year or two? Once you get to earning about 235 grand a year, why bring in the business for her employer if it means she is going to get creamed in taxes? Wouldn't it make more sense to lay back and get paid under the cap? How is that for 'productivity'?
That does not even take into consideration his plans for 'free healthcare and college'. We are already in debt to the Chicoms for billions, how are we going to fund all these new programs?
http://www.latimes.com/news/la-na-obamaplans8-2008jul08,0,809330.story?track=ntothtml
Now, think about this for a minute. Remember how mad everybody got in the 2000 election? Well, can you imagine what would occur if Obama loses in a 'squeeker'? Pandemonium would be the order of the day.
We can only wish for an Obama landslide, or an outright McCain win, and I cannot see either happening at this time.
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