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DubStyle311 · 07-05-2008, 05:28 PM

Small business owners are the lifeblood of this country. It is remarkably easy for a small business to have revenues that catapult them into the highest tax brackets of this country. They will be murdered by Obama's tax plan.

The problem with half of you is that you are so caught up in class warfare. I see a shit load of animosity and apathy for people who work hard and get squeezed by oppressive taxation. All you do is look at the super-wealthy and cite examples of old family money while completely ignoring the people that get hit the hardest. You cling to the notion that the rich dont in fact pay high taxes. If you would take even the slightest amount of time to look at the situation in detail you would see the complexity of the issue. For one, people with huge fortunes in the bank and minimal income from working a salaried job dont pay income taxes because THEY DONT HAVE ANY INCOME. They pay capital gains and a myriad of other taxes on their aquired wealth. People like Warren Buffet, who make their money in Private Equity, are exempt from income taxes because of the nature of their business. Thats why people like Warren Buffet claim to only pay 15%. There are not many people this effects as the Private Equity field is extremely small. The people you so desperately want to punish, the super rich, are not even the ones these taxes will effect. The only thing Obama's tax plan will accomplish is to further bleed American small business to death and place a ridiculous burden on people who work their asses off for what they have.

Hell, I believe even France recently capped their tax rate near 50%. Taking half of a mans take home pay is plenty.

07-05-2008, 05:28 PM	#45 (permalink)
DubStyle311 YaHookan Join Date: Feb 2004 Location: down the highway Posts: 7,327 Thanks: 0 Thanked 72 Times in 62 Posts	Small business owners are the lifeblood of this country. It is remarkably easy for a small business to have revenues that catapult them into the highest tax brackets of this country. They will be murdered by Obama's tax plan. The problem with half of you is that you are so caught up in class warfare. I see a shit load of animosity and apathy for people who work hard and get squeezed by oppressive taxation. All you do is look at the super-wealthy and cite examples of old family money while completely ignoring the people that get hit the hardest. You cling to the notion that the rich dont in fact pay high taxes. If you would take even the slightest amount of time to look at the situation in detail you would see the complexity of the issue. For one, people with huge fortunes in the bank and minimal income from working a salaried job dont pay income taxes because THEY DONT HAVE ANY INCOME. They pay capital gains and a myriad of other taxes on their aquired wealth. People like Warren Buffet, who make their money in Private Equity, are exempt from income taxes because of the nature of their business. Thats why people like Warren Buffet claim to only pay 15%. There are not many people this effects as the Private Equity field is extremely small. The people you so desperately want to punish, the super rich, are not even the ones these taxes will effect. The only thing Obama's tax plan will accomplish is to further bleed American small business to death and place a ridiculous burden on people who work their asses off for what they have. Hell, I believe even France recently capped their tax rate near 50%. Taking half of a mans take home pay is plenty. __________________ I may be wrong, but I doubt it.