Since Mike couldn't answer (RedGT, willum14pb, JConner, someone???)

[.::UNKNOWN::.]

also if your heard obama was cutting capital gains tax...then he heard wrong...he's increasing it. based on all of that...then your boss doesn't seem to have too much to worry about...

i told him that and obama said he would lower the capital gains taxes on small business owners..... i know as well as alot of educated people that small business owners doesn't pay capital gains taxes and if you still want to argue that obama didn't say this....

quoted from= http://www.barackobama.com/issues/economy/

Support Small Business

• Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama and Biden will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.

go read it yourself if you dont believe me


so taking your arguement and mine and puting them together he wants to raise the capital gains taxes on people like me, teachers and everyday normal people that have iras 401ks and 403bs and so on and so on.... so when we do retire and pull all that money out he wants to take money from the middle class worker to give back to the middle class worker so they can have a better life and pay the same amout for a gallon of milk so to speak.... makes perfect sence i can see it wow i just changed my vote i am goin to vote for the guy that is goin to secretly take from the middle class joe blow that doesn't have a job with a pension so another joe blow that also doesn't have a pension plan in a job other than a 401k...... yeah he really cares for that middle class if he wants to increase the capital gains taxes

[stephen]

i told him that and obama said he would lower the capital gains taxes on small business owners..... i know as well as alot of educated people that small business owners doesn't pay capital gains taxes and if you still want to argue that obama didn't say this....

quoted from= http://www.barackobama.com/issues/economy/
go read it yourself if you dont believe me


so taking your arguement and mine and puting them together he wants to raise the capital gains taxes on people like me, teachers and everyday normal people that have iras 401ks and 403bs and so on and so on.... so when we do retire and pull all that money out he wants to take money from the middle class worker to give back to the middle class worker so they can have a better life and pay the same amout for a gallon of milk so to speak.... makes perfect sence i can see it wow i just changed my vote i am goin to vote for the guy that is goin to secretly take from the middle class joe blow that doesn't have a job with a pension so another joe blow that also doesn't have a pension plan in a job other than a 401k...... yeah he really cares for that middle class if he wants to increase the capital gains taxes

ok, so i researched the capital gains tax issue a little harder. he does want to eliminate capital gains taxes on small businesses. small businesses CAN receive capital gains from selling shares...which may not apply to your job...which may void the arguement as it pertains to YOUR job.

as far as him increasing capital gains tax, he only wants to increase it on those who make OVER $250k a year. unless your 401k, 403b, etc. will increase your earnings to $250k...then you don't have a problem. also, he's increasing it by 5% (from 15%-20%)....on a $250k scale, that's going from $212,500.00 to $200,000....OH MY! I HOPE THE MILK AND FERRARI'S GO ON SALE! not to mention, have you looked into what the AVERAGE JOE BLOW'S income is once they reitre??? ever seen that 65+ year old man/woman working at your local burger king because their retirement plan isn't enough to afford to keep food in their mouth? once again...IT WILL NOT IMPACT THE MIDDLE-LOW CLASS INDIVIDUAL. do you currently have a 401k? how much money DID YOU LOSE (yes, if you have one you lost money) last week? and under which administration was this under...??? who supported this administration 3/4 of the time? will you be retiring within the next 4-8yrs? look at the whole picture...lol, not what YOUR BOSS wants you to hear. i can assure you, you're the least of his best interest.

to sit here an try to argue that small business revenue doesnt translate to PERSONAL INCOME is about as smart as arguing with a wall.

ceases to amaze me how you can seperate the two.

i had to think about this for a second (i actually deleted my first response). you're right, business revenue DOES translate to personal income. the thing that you're not getting is BUSINESS INCOME TAX has nothing to do with your PERSONAL INCOME TAX when applied to obama's plan. if you own a sole proprietorship, then you can relate the two (under sole proprietorship, they're one in the same). if your business has a tax id number, or is incorporated, then you file them separately. the only taxes that obama will increase are your PERSONAL INCOME TAXES if they're over $250k. all of the things 93lude mentioned are things that you can receive tax breaks on (most of them 100% even if you purchased them on credit) when applied to your business. with most small business owners, the idea is to make you personal income as low as possible...regardless of WHO is president. why do you think that is???

Jack Kemp had a great quote today
"This is not about making the RICH POORER, which is a class warfare tactic, this should be about making the poor richer. Unfortunetly we are in this "entitlement" society that thinks everything is owed to them and they shouldnt have to work for it."

lol, jack kemp!?! are you serious? the father of "reaganomics?" yeah ok

[Vteckidd]

lol, jack kemp!?! are you serious? the father of "reaganomics?" yeah ok

you mean prob one of the best and brightest business men of our time?

what you still dont get is that if my BUSINESS makes $400,000 and i paid me $250,000, then guess what, ill let you connect the dots