Um, yeah. That article echoes what I said. But I hadn't heard about the increase in business taxes. Is that proposed for corporations, or all businesses?
Alright, I had to search to find recent looks at things.
Pointing out downsides to Obama's plan (http://www.politico.com/news/stories/0708/11670.html).
Not much new here. (http://www.unionleader.com/article.aspx?headline=Obama%27s+tax+pledge%3A+Can+he+really+keep+it%3F&articleId=980e13b1-33f9-4adf-a766-ca2559596e6a)
What it boils down to, is not only will people who earn $250,000 or more in a year get tax increases, but businesses that do so will, as well. What's a lot for one person isn't that much to a business of thirty or even a hundred people.
I hadn't seen the 50 percent tax rate mentioned before. That's an eye-opener.
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timeasmymeasure
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Date: 2008-09-22 04:46 pm (UTC)no subject
Date: 2008-09-22 06:44 pm (UTC)Pointing out downsides to Obama's plan (http://www.politico.com/news/stories/0708/11670.html).
Not much new here. (http://www.unionleader.com/article.aspx?headline=Obama%27s+tax+pledge%3A+Can+he+really+keep+it%3F&articleId=980e13b1-33f9-4adf-a766-ca2559596e6a)
What it boils down to, is not only will people who earn $250,000 or more in a year get tax increases, but businesses that do so will, as well. What's a lot for one person isn't that much to a business of thirty or even a hundred people.
I hadn't seen the 50 percent tax rate mentioned before. That's an eye-opener.