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	Name:	water_watcher -
	Subject:	marginal tax rates
	Date:	10/11/2008 10:13:22 AM

It is not the marginal tax rate that has a significant impact on small businesses ... although any taxes lower the dollars available to grow the business and create jobs. But part of the "Bush" tax cuts were specific items that benefit small business and create jobs that when Obama allows them to expire and not renew will have an impact on small business, investment and job creation. It is funny how Obama never talks about this in his tax plan. He only talks about raising taxes over $250m and redistributing it to low income people (most of which already pay no taxes). If that is not redistribution of wealth and socialism I do not know what it is then.

But specific to small business, the 179 deduction for immediate write off in investments up to $250,000 a year for small businesses. This stimulates investment in new equipment, which itself creates job and helps the economy. But it also helps the small business grow through the investment that creats jobs and because the small business can write it off immediately on their taxes, this adds capital to the business to further help them grow and add jobs. This program has worked very well and it will be eliminated under Obama. That is penalizing middle class that owns businesses and create the majority of jobs in america.

The other thing I want to point out that is misleading about Obama's tax plan ... he says he will reduce taxes on 95% of americans. But because the "Bush" tax cuts were not made permanent, he looks at it "after" they expire and then says he will cut from there. But for most middle income people, they will pay more than they do now, "not less". Very misleading.

Other messages in this thread:

View Entire Thread

Ohio Secretary of State Says: - Freshwater Bay Girl - 10/10/2008 8:19:25 AM

Ohio Secretary of State Says: - GoneFishin - 10/10/2008 10:59:43 AM

Ohio Secretary of State Says: - water_watcher - 10/10/2008 12:26:41 PM

marginal tax rates - 4691 - 10/10/2008 1:30:05 PM

marginal tax rates - Freshwater Bay Girl - 10/10/2008 3:33:52 PM

marginal tax rates - 4691 - 10/10/2008 6:44:43 PM

marginal tax rates - FactCheck - 4691 - 10/10/2008 8:25:24 PM

marginal tax rates - water_watcher - 10/11/2008 10:13:22 AM

marginal tax rates - 4691 - 10/11/2008 11:19:43 AM

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