Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, October 20, 2008

What is a Small Business?

Obama keeps saying that small businesses will be exempt from his insurance plan as far as the "fine" is concerned. But here is what his plan actually states (full plan - click link above):

"EMPLOYER CONTRIBUTION. Large employers that do not offer meaningful coverage or make a meaningful contribution to the cost of quality health coverage for their employees will be required to contribute a percentage of payroll toward the costs of the national plan. Small businesses will be exempt from this requirement."

As you can see, there is no definition as to what a small business is. Joe the Plumber has reason to be concerned.

Monday, March 03, 2008

The Truth on Taxes

Will the two remaining candidates for the Democratic nomination for president please shut up about the evil tax structure that punishes the average man and let's the rich off easy. Looking at the tax structure for the years 2000 and 2007, you will see that the rates dropped for everyone, but that the richest folks will pay 35% of their income to the Federal government (this does not include what they may owe in their own states). This is a drop of 4.6 % from the year 2000.

If you compare what I made last year and adjust it for inflation and compare it to 2000, my tax rate has dropped 3% from 28% to 25%. Looking at the links in the previous paragraph, you will see that all Americans have benefited contrary to what Billary and Obamarama keep claiming.