How exactly can raising taxes on high income earners result in unemployment?
Big business could save a couple of bucks in the short term but that would only increase company profits. The tax increases are aimed at personal income tax, not company taxes.
In the long term productivity would go down because there would be less workers. Does anyone seriously believe top executives deserve multi-million dollar pay packets for creating the economic mess we are all in?
Most conservatives KNOW the difference between tax structures on corporate profit, and personal income….they are just hoping that the rest of us don’t.
What the company earns as a bottom line….and what the owners/officers/ceo’s/chairman make as PERSONAL INCOME are two seperate things…
Obama is increasing the tax on the personal income over 250k, not the gross revenue (bottom line profit)..of a "small business".
Also, what constitutes small business varies by sector and market. – FACT.
Any suggestion otherwise is a complete distortion of reality.
Most conservatives KNOW the difference between tax structures on corporate profit, and personal income….they are just hoping that the rest of us don’t.
What the company earns as a bottom line….and what the owners/officers/ceo’s/chairman make as PERSONAL INCOME are two seperate things…
Obama is increasing the tax on the personal income over 250k, not the gross revenue (bottom line profit)..of a "small business".
Also, what constitutes small business varies by sector and market. – FACT.
Any suggestion otherwise is a complete distortion of reality.
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tell it !!!!!!!!!!!!!
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they dont. But when you lower small business taxes, and give tax breaks to jobs that keep the work here in America, that creates Jobs
OBAMA PLAN> Mccains plan
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what in the world are you talking about?
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it can’t
it CAN create more jobs
THEY will pay more tax
Remember the Clinton years?
Clinton didn’t have to raise taxes to balance the budget, because of job growth.
The economy grew so well, it got rid of deficit spending and started paying down the debt!
We just need to do that again, but this time with jobs that won’t have a ‘bubble burst’[like the dotcoms did].
For starters, we need to maintain our infrastructure, and THAT will have to be an ongoing process from now on.
[This has been ignored on a national basis far too long]
We need to develop green technology, and green products and energy,a wide open field with incredible opportunity.
Also, paying teachers a decent wage will help stimulate the economy too, when they spend more and pay more taxes [just from the higher income]
This is just a couple of measures that will help, not the whole picture obviously, I have to save SOMETHING for when I run for president.
Obama is a true leader.
He has already said hundreds of times in his stump speech that "we need to turn off the TVs" when discussing education & child raising.
when elected, he will tell us we have to tighten our belts, not "go shopping’ like his underqualified predicessor Bush did.
I am a white 51 year old veteran on disibility & an Obama Delegate, but I am not asking you to take my word for it.
Go to his website, see how he wants to make the world a better place.
I have been waiting 40 years for a candidate this exciting & origional.
I have been waiting 30 years for someone as concerned about the big picture as I’ve been [maintaining infrastructure, decent teacher pay & universal healthcare]
I have been waiting 20 years to believe that the younger people will get off their collective butts & try to make things better.
I have been waiting 10 years [ok 8] to put COMPETENCE back in the White House!
This truly is the most important election of your life.
VOTE FOR OBAMA/BIDEN ON NOVEMBER 4TH!
OBAMA
OBIDEN
OEIGHT
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BECAUSE MOST OF THE INCOME EARNERS ARE SMALL BUSINESS OWNERS ( NON CORPORATIONS ) WHO EMPLOY MORE THAN 70% OF THE COUNTRY!!!!!!!!!!!
OMG!!!!!! – It kills the brain cells of the average voter that some still do not get this. But how would we know because people who make this lame arguement, never owned a small business, they just work for one. Make it more expensive to operate by increasing taxes on these businesses, you maybe joining the unemployment line. No? Ask your small business owner and get educated.
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To put it into ‘local’ terms,.. Have you ever gotten a buck out of your dad when he was broke or looking at a big bill to pay?
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The problem with your thought process is that you are equating small business owners who are just scratching out a living, with Corp fat cats. There is such a world of difference.
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Of course those idiots don’t deserve that kind of money. I still can’t figure out how the hell that happens.
But it’s not the governments fault nor is it the governments job to fix it.
Any time money goes from the private sector to the government economic prosperity takes a punch. Government should have as little of the wealth as possible so that they can waste as little of it as possible.
History show this to be true.
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I agree our executive pay is out of whack, many other industrialized countries the bottom of the rung worker makes only about half as much as the top exec, in the United States the exec makes about 100 times more than the bottom rung worker.
That being said raising taxes will have no effect on that and will result in job losses because the execs are not going to forego their perks, not going to happen. I am only referring to large corporations.
The small business and sole propreitorships are entirely different, and generally speaking the execs there do not make very much money.
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You really gave this Question a lot of thought,You dont have all the facts, check again This mess was created by Democrats check it out.
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its the small businesses that employ the majority of americans. they don’t get the million dollar bonuses. why don’t liberals understand by taxing small businesses the owners can’t afford to pay employees. its really quite simple
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It is not necessarily "big business". It’s also a lot of small businesses that you call "high income earners". Because people with money spend money and that creates jobs for ALL of us. No doubt, there are those greedy who did help cause the economic meltdown. Spreading the wealth only inhibits spending by "high income earners".
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You last question was concerning multi-million dollar executives. This will always happen when any individual can vote themselves a raise. This is a truth evident of the economic bottom as well. Specifically, wealth re-distribution by socialists.
My answer is no. No one is worth that kind of money even is they are performing the miraculous
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Yeah, I know.
McCain’s "logic" isn’t much of a logic.
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I would not only "save a couple of bucks" it would keep consumer prices down, allow for growth of the business and prevent people from losing their jobs. You are bunching billion dollar corporate CEO’s in with million dollar businesses. My father takes in 12 million dollars in revenue and employs 35 people. After all is said and done he "walks" with less than half a million dollars and pays HUGE money to the feds. He started his business with $5000.00 and used his profits to grow it into what it has become. This did not happen overnight, it happened over years and years. Will raising the tax on businesses force some changes? You bet it will and the changes will not be good. Over half of that 12 million dollars is in materials that come from huge corporations. If his prices go up 10%, he will have no choice but to change the way things are done. Also, in business there are always "slow" times as he saw last year. Instead of laying off half his employees, he kept them on payroll, which cost him over a hundred thousand dollars of his bottom line. Not a smart move in business, just a good hearted employer. It is not just the "bottom line" for employers it is the total scope.
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Because in order for them to keep making money and not lose money they will have to fire or just not hire anyone. Higher taxes will increase what they have to charge customers and how many they have on staff.
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