Please help me understand this: The main argument AGAINST raising taxes on incomes over $250k is that it would hit small business owners. They'd have less money to pay salaries and they'd cut hiring and the US would loose jobs. Seems to make sense. But, salaries are a business expense. They're paid with pretax dollars. A tax increase on incomes over $250k would not impact money used to pay salaries. It would only impact the owners salary. No? example: assume a business has revenues of $1M /year and their only expense is salaries and thats $300k/year. The owner of the business takes home each year $700k in profit. Now the tax increase goes thru. It does NOT decrease the money available to pay salaries. The $1M is left alone. It ONLY impacts the $700k in profit that the owner gets. It appears the proposed tax increase would NOT affect jobs. What am I missing?????