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10-22-2008, 09:24 AM
ComfortEagle Wrote:Matman, from everything I've read the way I understand things, it depends on your income and not the businesses income. In other words, it's what you bring home, not what the business is worth. If you and your wife are bringing in more than $250,000 then yes your taxes will go up. However, if you and your wife are bringing in under $250,000 then you will actually get a cut.
This is true, but don't forget the addition of providing insurance for your employees. ALso, Obama said that if companies don't provide insurance they will pay a "tax" but he has put no number on that tax. I would say around 5-8thousand per employee.
Also, while Obama won't increase your taxes, your taxes will signifigantly go up when the Bush tax cuts are not renewed.
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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