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Will Obama Kill My Business?
#5
For one its tough to decide. You're going to be required to provide insurance for all your employees. Insurance rates will go up due to the fact Obama is going to require them to cover more things, and include pre-existing conditons, which I have no problem with. However, here at my job its about 8k per employee per year for the company to provide insurance. Now there are several hundred employees so they more than likely get a break, but not knowing what your business entails, I imagine that where I work it is much more hazardous from an insurance companies point of view. So about 8k per year times your 12 employees, not sure about yourself is about 96k a year for insurance. That seems a little high, it may not be that much for you, but I would imagine 70k would be a sound number. Now I don't know how much that would hurt you but that is a substantial amount of money. Thats just health insurance, thats not counting the increased taxes, not to mention your taxes will go up even more because Obama plans to let the Bush tax cuts expire. I say you will pay around 20k mroe per year in taxes under Obama once the Bush tax cuts expire in 2010. Of course thats just a guess as I don't know your income from your business. I'd say you could estimate losing anywehre from 65k-95k per year under Obama.
Messages In This Thread
Will Obama Kill My Business? - by Matman - 10-21-2008, 08:47 PM
Will Obama Kill My Business? - by ComfortEagle - 10-21-2008, 08:58 PM
Will Obama Kill My Business? - by Navajo4life - 10-21-2008, 09:42 PM
Will Obama Kill My Business? - by ComfortEagle - 10-21-2008, 10:33 PM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 08:55 AM
Will Obama Kill My Business? - by thecavemaster - 10-22-2008, 09:09 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:20 AM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 09:24 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:25 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:31 AM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 09:35 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:37 AM
Will Obama Kill My Business? - by cart man - 10-22-2008, 09:42 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:42 AM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 09:42 AM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 09:43 AM
Will Obama Kill My Business? - by ComfortEagle - 10-22-2008, 09:47 AM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 10:10 AM
Will Obama Kill My Business? - by cart man - 10-22-2008, 10:37 AM
Will Obama Kill My Business? - by cart man - 10-22-2008, 11:05 AM
Will Obama Kill My Business? - by Matman - 10-22-2008, 12:23 PM
Will Obama Kill My Business? - by Beetle01 - 10-22-2008, 12:30 PM

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