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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Obamas taxes on small businesses
I was watching tonight when he said something about raising the taxes on businesses who make more than 250k a year... he said that was a small portion of the small businesses. Is he talking gross or net? If it is gross then I have some SERIOUS thought about who I want in the office!
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Posted 10/7/08 11:18 PM  |
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CallaLily
Thank you, Saint Gerard!
Member since 10/07 4937 total posts
Name:
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Re: Obamas taxes on small businesses
Yes, that's a really good question. I was wondering about that too.
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| Posted 10/7/08 11:19 PM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Obamas taxes on small businesses
Posted by KPtoys
I was watching tonight when he said something about raising the taxes on businesses who make more than 250k a year... he said that was a small portion of the small businesses. Is he talking gross or net? If it is gross then I have some SERIOUS thought about who I want in the office!
he is talking about PERSONAL INCOME TAX of the business OWNER.
like what the owner's YEARLY SALARY OUT of the business is.
NOT the overall business gross.
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| Posted 10/7/08 11:19 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Obamas taxes on small businesses
net - profit - not total sales
they said this morning on MSNBC that it would only effect 1.3% of small businesses
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| Posted 10/7/08 11:19 PM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: Obamas taxes on small businesses
Ok, thank GOODNESS. I was starting to get a little nervous because I never saw that little issue clarified anywhere.
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| Posted 10/7/08 11:23 PM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: Obamas taxes on small businesses
Posted by Ophelia
Posted by KPtoys
I was watching tonight when he said something about raising the taxes on businesses who make more than 250k a year... he said that was a small portion of the small businesses. Is he talking gross or net? If it is gross then I have some SERIOUS thought about who I want in the office!
he is talking about PERSONAL INCOME TAX of the business OWNER.
like what the owner's YEARLY SALARY OUT of the business is.
NOT the overall business gross.
I thought in addition to that he was saying that small businesses who have less than $250,000 annual profit would be getting a tax break to help them offer health insurance to their employees. I know a few people who own small businesses who can't afford health insurance for their families. 
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| Posted 10/7/08 11:26 PM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: Obamas taxes on small businesses
Posted by CathyB
Posted by Ophelia
Posted by KPtoys
I was watching tonight when he said something about raising the taxes on businesses who make more than 250k a year... he said that was a small portion of the small businesses. Is he talking gross or net? If it is gross then I have some SERIOUS thought about who I want in the office!
he is talking about PERSONAL INCOME TAX of the business OWNER.
like what the owner's YEARLY SALARY OUT of the business is.
NOT the overall business gross.
I thought in addition to that he was saying that small businesses who have less than $250,000 annual profit would be getting a tax break to help them offer health insurance to their employees. I know a few people who own small businesses who can't afford health insurance for their families.
That would be great! We pay out the nose for health insurance. Our employees don't take the coverage because it costs too much. I don't like it being mandated that we offer insurance but what can you do.
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| Posted 10/7/08 11:30 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Obamas taxes on small businesses
Posted by CathyB
QUOTE]
I thought in addition to that he was saying that small businesses who have less than $250,000 annual profit would be getting a tax break to help them offer health insurance to their employees. I know a few people who own small businesses who can't afford health insurance for their families.
he did say that- that is HUGE
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| Posted 10/7/08 11:31 PM |
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