Let's talk about Trickle Down PAIN!--Biden/Palin debate

Discussion in 'Congress' started by oreo, Oct 4, 2008.

  1. oreo
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    oreo Gold Member Supporting Member

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    I had to laugh when Biden brought up the patrons--while shopping at Home Depot. He mentioned their fear about the current financial crisis & slowing economy.

    Obama/Biden have promised to raise taxes on business/corporations & people, including Sub-S corporations who are the backbone of job creation in this country.

    Well, Joe do this--& you'll not only be talking to the shoppers at Home Depot, but the employee of Home Depot that just got their last pay-check.

    That's what Joe means by being Patriotic.

    THIS IS CALLED TRICKLE DOWN PAIN!
     
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    Last edited: Oct 4, 2008
  2. DavidS
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    DavidS Anti-Tea Party Member

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    Can you please send me a link with the current tax rate for S-corporations and Obama's planned increase on S-Corporations? S-Corporations don't pay taxes on gross income, they pay taxes on net income after deductions. As a small business owner, I am quite aware of how I can write off half of my meal I have with my mother if I talk to her 25% of the meal about my business. I also don't have any official employees, I just have independent contractors who are 1099. They pay only 15% tax on their check and I write off 100% of what I pay them. Believe me, any CPA will find a way to make an S-Corp look like it's either losing money or breaking even.
     

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