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Will Obama Kill My Business?
cart man Offline
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#13
10-22-2008, 09:42 AM
The way I understand this is for example you make $260,000 in net income (not gross receipts) from your small business

The first $250,000 is taxed the same as now.

The additional $10,000 is tax at an additional 2%.

So, if you make over $250,000 there is not an increase on all of your income just the amount over.
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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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