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The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama's push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.
Originally posted by neo96
Who the hell are his economic adviser's ?
Originally posted by neo96
The New York Times reports that President Obama is reviving an old proposal to lower the corporate tax rate from 35 percent to 28 percent (and 25 percent for manufacturers). Obama's push to lower the corporate tax rate to 28 percent comes less than a year after he raised the top individual income tax rate, paid by many small businesses, to 39.6 percent.
Obama said WHAT?
Are you kidding me?
28% for corporations 40% on small business that is already getting hammered by Obama care, and this living wage bullcrap.
Small business pays double?
Small business is the largest employer in THIS country and small business is already paying half of your SS contributions, and everything else it takes to keep a business doors open.
40% ?
Small business is mostly middle class your mom and pops and he thinks it's a 'sound economic policy'.
Obama destroying the middle class since 2008 Yes We Can ! ! ! !
Who the hell are his economic adviser's ?
Talk about the clueless leading the hopeless.
Originally posted by Domo1
Hey Neo, what's an individual income tax?
Originally posted by neo96
Small business is the largest employer in THIS country and small business is already paying half of your SS contributions, and everything else it takes to keep a business doors open.
Who the hell are his economic adviser's?
Many visitors from abroad are surprised to learn that even today, the U.S. economy is by no means dominated by giant corporations. Fully 99 percent of all independent enterprises in the country employ fewer than 500 people. These small enterprises account for 52 percent of all U.S. workers, according to the U.S. Small Business Administration (SBA). Some 19.6 million Americans work for companies employing fewer than 20 workers, 18.4 million work for firms employing between 20 and 99 workers, and 14.6 million work for firms with 100 to 499 workers. By contrast, 47.7 million Americans work for firms with 500 or more employees.
Originally posted by Domo1
reply to post by NOTurTypical
A corporation can also be a very small business. Quite a few are.