Quote Originally Posted by admin
Again you are trying to argue personal income tax burdens corp life... My whole career i have worked for small-large private companies - people don't lay people off for personal income tax reasons. furthermore most layoffs aren't in the private sector - At&t, Delta, etc
What you fail to realize is that most small business owners use a lot of their own income to help expand the business faster. A lot of small business don't have huge outside investments or profit margins the way major corporations do. For example in my Dad's consulting firm the guys that work for him get to take home the majority of what ever they pull in leaving a very small profit margin for the actual company. So when it comes time to pay the guys it comes out of his pocket first and then he has the company reimburse him because most of the time the government(which is where most of his contracts are)is late in paying the company. So what happens when Obama gets in and the taxes that he pays goes up? It makes it harder for him to pay all of his guys and that leads to job cuts.