I have been argueing with a guy at work the last week whether or not Obamas tax increase on small business would be based on gross sales/receipts or profit after deductions/expenses.
His father owns a small business and does not have a profit over 250k. He will not get it through his head that you deduct costs and then you are taxed on the profit.
The average person is scared of the whole taxing process because they dont understand it.
Imo Kerry would be President today if he would not have hammered time and time again that he was going to tax the top income earners.
Bush capitalized on that issue to win the election.
I am worried that we are in the same place today.
His father owns a small business and does not have a profit over 250k. He will not get it through his head that you deduct costs and then you are taxed on the profit.
The average person is scared of the whole taxing process because they dont understand it.
Imo Kerry would be President today if he would not have hammered time and time again that he was going to tax the top income earners.
Bush capitalized on that issue to win the election.
I am worried that we are in the same place today.