it doesn't matter if you've owned your own business or not before... owning a business doesn't make you and economics guru... i'll post up the previously used chart...
again we are talking about Joe who makes 250k which will fall into the 225-600k range... from what i see it is a wash... he will see no real tax change.
i know many on the right like to use the stance of well jobs will be cut...
lets do a simple break down....
250,000 x .35 = 87500
250,000 x .40 = 100000 (i used a +5% change in taxes just for example)
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difference of above: 12,500 \ 52 weeks = 240 \ 40 hours = 6$ an hour
6$ an hour employee... now lets take everything into perspective we are just banking on Joe's Company has a growth rate of 0%
i've attached the tax brackets for your reference....
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