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The economic war is waged on many fronts. First, let's have a lesson in Taxation 101 for the leaders in political Disneyland. Back in 1986, we had a monster makeover change in the tax code, and one big change effectively encouraged millions of small- and medium-sized businesses to file as Subchapter S corporations, which means the business' income is reported on the individual owner's tax return as personal income. But here comes the zinger, you political Musketeers: That income isn't really the same as our personal income.
Most of us have banking partners who expect to be paid first out of the personal income. Many small- and medium- business owners, like me, actually have significant banking restrictions on our ability to pay ourselves. So when you Musketeers talk about raising taxes on the rich making more than $250,000, you are raising taxes directly on millions of businesses. And yes, that mantra you recite about us creating three-fourths of new jobs is true.
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The tax take would be pronouced on the very segment that is direly needed....
What does IDIOCY mean ?????
How about needing something that you reject ?????
What is the hype about the clear reduction of revenue ?????
This is elementary....but you are not alone.....All of the politcos think like you....basic math is not part of their thought process....
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In simple think.....
A govt. wants to grow its businesses....and create economic sustainability ......
The unit needed has income and debt....
The govt. solution.....decrease the income per unit while increasing its debt....
Which direction does this point the economy.....???????
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Welcome to HARVARD.....where basic math skills do not exist....
