“This seems like a logical enough statement, but you have to look deeper to discover the truth. Most small business owners pay taxes on their profits by filing their taxes on the standard 1040 form. In addition, most of these family-owned business incomes fall well under the Obama administration’s $250,000 per year benchmark. If the small business policies are instituted as proposed, most of these families will pay more taxes, not less.”

There is a leap that is not substantiated.

What policies to be implemented will make someone using a 1040 form pay more taxes?

Small, entrepreneurial companies are where most of the net job creation comes from.

Ask anyone in my line of work. I do stock research for a living. I B-School we learned about these cycles, and in the real world we see this play out all the time. Only people who have no background in economics, business and finance understand this. And Obonga is one of those people.

Obonga is a four-year-and-out president. I think it’s pretty obvious to smart people who are sizing up the situation as it really is, without bias or an agenda. But first a lot of the 53% who voted for him are going to have to be slapped hard by reality. We don’t need to get all of them. Just a very large minority of them will be more than enough to overcome last year’s margin of victory and even ACORN’s efforts at sabotaging elections.

We just have to hang in there. Work hard. Survive. In our own ways make a difference. These are going to be very trying times, on the economy and in foreign policy. Hang in there. We are not defeated yet.

Big businesses are actually better prepared for Obamanomics because they can change their financial structure, move resources offshore, lobby for tax breaks, etc. Look at Google, they’re trying to grab a share of stimulus money and at the same time setting up a development center in Prague. That’s how you play the game.

But small businesses have no defenses at all and the instant they become even a little successful they end up in an almost 50% tax bracket. Nobody is going to risk their savings to start a company when half of the profits will just go to the government.

“Obama is proposing tax hikes on small businesses, but they’re the ones currently creating jobs.” — Martha Zoller

They are the latter-day kulaks. They are too numerous to ‘buy’, i.e., control, via the ‘bail-out’ monies, see what happened to the CEO of GM and how Obama won’t accept returned funding from banks.

So they have to be done-in by taxation, as they’ll compete with government controlled big-business. Just like Lenin did in Russia in the late 1920s.

Regards,

Chuck(le)
[History repeats itself....]

The primary safe haven for tax exemption in small business is drugs and prostitution.