--- In FairfieldLife@yahoogroups.com, "richardwillytexwilliams" <willytex@...> wrote: > > Bhairitu: > > In this day in age we might also favor helping > > people set up their own businesses... > > > How are you going to do that when you want to > raise taxes for those earning over $250,000 a > year? Raising taxes on small business is NOT > going to help! You're not making any sense.
The vast majority (88-some percent) of small businesses don't make enough to be affected; and only 2.4 percent of those that will be affected (those with $1 million or more cash income) will see a moderate-to-significant decrease in after-tax income. Plus which, a substantial number of that 2.4 percent are one-person businesses that create few or no jobs anyway (lawyers, artists, doctors, athletes, etc.). Another substantial hunk of those taxed at the highest two rates are wealthy wage-earners and investors who have some income from a small business or from rental properties or royalties. Bottom line, the number of jobs potentially lost by allowing the Bush tax cuts on those earning over $250,000 to expire as scheduled is *tiny*.
