ilia25
I can do math
- Jan 12, 2012
- 1,859
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John Boehner:
"In my view, raising taxes on the so-called top 2 percent, half of those taxpayers are small-business owners that pay their taxes through their personal income filing every year... you're not going to grow the economy if you raise the top 2 percent rates. It'll hurt small businesses, and it'll hurt our economy..."
But the truth is that a personal tax hike does NOT hurt the small business, because only the company profits are counted as the owner's income and are taxed accordingly -- not the whole revenue. So the tax hike only penalizes those appropriating more than 250,000 of their company revenue. It has no effect on the business solvency -- quite the opposite, it encourages the owner to spend more revenues on expanding their business.
So the question is not whether Boehner treats Americans as a bunch of illiterate fools -- he obviously does.
The question is whether he will get away with it -- again.
See also:
http://www.slate.com/articles/busin...are_not_affected_by_obama_tax_proposals_.html
"In my view, raising taxes on the so-called top 2 percent, half of those taxpayers are small-business owners that pay their taxes through their personal income filing every year... you're not going to grow the economy if you raise the top 2 percent rates. It'll hurt small businesses, and it'll hurt our economy..."
But the truth is that a personal tax hike does NOT hurt the small business, because only the company profits are counted as the owner's income and are taxed accordingly -- not the whole revenue. So the tax hike only penalizes those appropriating more than 250,000 of their company revenue. It has no effect on the business solvency -- quite the opposite, it encourages the owner to spend more revenues on expanding their business.
So the question is not whether Boehner treats Americans as a bunch of illiterate fools -- he obviously does.
The question is whether he will get away with it -- again.
See also:
http://www.slate.com/articles/busin...are_not_affected_by_obama_tax_proposals_.html
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