No, this toon is about the tax hikes on the “rich” being unfair to sole proprieters. Just because you have over 250k in gross sales does not make you “rich.” But you have to report it as income.
Oh, and just an FYI for those who love the idea of taxing the rich, the combined income of everyone who makes more than 100k is about $1.5 trillion (or so says the IRS). So… by taxing these people more, we’re going to pay for our… oh wait. That’s still not enough to pay for our deficit spending. Silly me…
I love how the cons say that its the small business that are gonna suffer while ignoring the BIG MASSIVE GREEDY TRANSNATIONAL CORPORATIONS that are the ones who are incorporating in foreign countries to avoid taxation.
Get us out of the WTO and start listening to Alexander Hamilton again!
Yep, let’s do away with those cheap SBA arranged loans, give more breaks to huge corporations, and eliminate MORE possible (but still UNcollected) taxes on high earners, especially dividends and “day trading” profits. My cat has a better understanding of real economics than either Benson or Ryan. Yes, the codes could do better, but the right wing chorus singing from “Evita” gets old.
Fact: 98% of Small Businesses make less than $250K.
And that’s not a “Jon Kyle” fact, either. That’s a real one.
Start the number at 500K or a million, doesn’t matter. Once Capital Gains becomes the predominant source of income, they are taxed at a lower rate than anyone making $60K.
^ I guess you’re having trouble with your reading skills, harley. Jade plainly said to raise the lower limit to $500K or $1M. In that case, 99% of small businesses are exempted from the reduced tax break. (It’s NOT a tax increase.) But then you’d say, “$1,000,000 / year isn’t rich. Why you can hardly send 3 kids to private school, buy a new Lexus and take a cruise on that meager amount.”
But a teacher earning $52,000 / yr. + $30,000 in benefits is paid waaayy too much.
I’m good for going after the BIG MASSIVE GREEDY TRANSNATIONAL CORPORATIONS, so long as its understood that
1) the US can’t tax a company that doesn’t do business here
2) abusive tax rates are what drove these companies overseas in the first place, so making them even more abusive is foolish, and
3) taxing alone isn’t the answer. Serously cut spending as part of the package.
Shifting blame isn’t the answer either. Small businesses are being eaten alive by taxes, and blaming big business won’t change that.
“I met President Obama at a speech, and I asked him: “How can you help me run a small business?” He answered, “Well, just start a big business and wait”… – Unknown
Sad but true: If you can’t compete, “Big or Small,) your out of the race. Taxes have nothing to do with business failure.
They are just one of many factors in operating any business.
Dessultory, the Kennedys inherited their wealth, so what? We said “tax the rich”, not “tax the republicans”. They inherited their wealth, they will pay taxes.
Charles Brobst Premium Member about 13 years ago
Giving tax money to small corporations like GE is what kills really small businesses.
CorosiveFrog Premium Member about 13 years ago
Ow, poor GE! Poor BP!
We all know all Nasdaq and Dow Jones multi-billion dollar corporations are just little hod dog carts an can’t take any pressure!*
DesultoryPhillipic about 13 years ago
You mean You make the bread; we’ll take it and give it to the “less fortunate”. As if luck were somehow involved.
ARodney about 13 years ago
Luck is very much involved. The biggest predictor of wealth is “were your parents wealthy?” That counts as “fortunate” in my book.
Donald Trump started life with nothing more than brashness, drive, and millions of dollars worth of his Daddy’s real estate holdings in New York…
DesultoryPhillipic about 13 years ago
Isn’t it great how those poor Kennedys fought their way to the top!
Wraithkin about 13 years ago
No, this toon is about the tax hikes on the “rich” being unfair to sole proprieters. Just because you have over 250k in gross sales does not make you “rich.” But you have to report it as income.
Oh, and just an FYI for those who love the idea of taxing the rich, the combined income of everyone who makes more than 100k is about $1.5 trillion (or so says the IRS). So… by taxing these people more, we’re going to pay for our… oh wait. That’s still not enough to pay for our deficit spending. Silly me…
pirate227 about 13 years ago
^ It’s called itemizing look into it.
WarBush about 13 years ago
I love how the cons say that its the small business that are gonna suffer while ignoring the BIG MASSIVE GREEDY TRANSNATIONAL CORPORATIONS that are the ones who are incorporating in foreign countries to avoid taxation.
Get us out of the WTO and start listening to Alexander Hamilton again!
Dtroutma about 13 years ago
Yep, let’s do away with those cheap SBA arranged loans, give more breaks to huge corporations, and eliminate MORE possible (but still UNcollected) taxes on high earners, especially dividends and “day trading” profits. My cat has a better understanding of real economics than either Benson or Ryan. Yes, the codes could do better, but the right wing chorus singing from “Evita” gets old.
Jaedabee Premium Member about 13 years ago
Fact: 98% of Small Businesses make less than $250K.
And that’s not a “Jon Kyle” fact, either. That’s a real one.
Start the number at 500K or a million, doesn’t matter. Once Capital Gains becomes the predominant source of income, they are taxed at a lower rate than anyone making $60K.
oneoldhat about 13 years ago
dtroutma-eliminate MORE possible (but still UNcollected) taxes on high earners– ie gaither,daschle,rangel,pelooski,sebilius
Bluejayz about 13 years ago
^ I guess you’re having trouble with your reading skills, harley. Jade plainly said to raise the lower limit to $500K or $1M. In that case, 99% of small businesses are exempted from the reduced tax break. (It’s NOT a tax increase.) But then you’d say, “$1,000,000 / year isn’t rich. Why you can hardly send 3 kids to private school, buy a new Lexus and take a cruise on that meager amount.” But a teacher earning $52,000 / yr. + $30,000 in benefits is paid waaayy too much.
Nemesys about 13 years ago
I’m good for going after the BIG MASSIVE GREEDY TRANSNATIONAL CORPORATIONS, so long as its understood that
1) the US can’t tax a company that doesn’t do business here 2) abusive tax rates are what drove these companies overseas in the first place, so making them even more abusive is foolish, and 3) taxing alone isn’t the answer. Serously cut spending as part of the package.
Shifting blame isn’t the answer either. Small businesses are being eaten alive by taxes, and blaming big business won’t change that.
“I met President Obama at a speech, and I asked him: “How can you help me run a small business?” He answered, “Well, just start a big business and wait”… – Unknown
keechum about 13 years ago
Sad but true: If you can’t compete, “Big or Small,) your out of the race. Taxes have nothing to do with business failure. They are just one of many factors in operating any business.
James Hicks Premium Member about 13 years ago
Big government favors big businness. (dem or repub) Big businness can pay more.
CorosiveFrog Premium Member about 13 years ago
Dessultory, the Kennedys inherited their wealth, so what? We said “tax the rich”, not “tax the republicans”. They inherited their wealth, they will pay taxes.
Dtroutma about 13 years ago
Actually, “old” Joe was a bootlegger, more integrity than being a banker today.
Jaedabee Premium Member about 13 years ago
“But a teacher earning $52,000 / yr. + $30,000 in benefits is paid waaayy too much.”
That’s state-bankrupting excessive greed right there! *