http://www.moneycrashers.com/highlights-of-president-elect-barack-obamas-tax-plan/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.moneycrashers.com/highlights-of-president-elect-barack-obamas-tax-plan/#comment-6256 author Mon, 10 Nov 2008 15:34:12 +0000 http://www.moneycrashers.com/?p=682#comment-6256 I see your point. It can be misleading, and the republicans tried to spin it that way. I am not a big fan of Obama because I disagree with policy issues, but he's our president now, and WE need to support him in every way to help him succeed. Because if he succeeds, we win. I see your point. It can be misleading, and the republicans tried to spin it that way. I am not a big fan of Obama because I disagree with policy issues, but he’s our president now, and WE need to support him in every way to help him succeed. Because if he succeeds, we win.

]]> http://www.moneycrashers.com/highlights-of-president-elect-barack-obamas-tax-plan/#comment-6245 David Fri, 07 Nov 2008 19:07:06 +0000 http://www.moneycrashers.com/?p=682#comment-6245 I agree, but it still should be pointed out that its not tax on $250K in income, its $250K in profit. That definitely changes the dynamic of the plan by a lot of money and businesses, so being honest about the true plan is pretty important. I agree, but it still should be pointed out that its not tax on $250K in income, its $250K in profit. That definitely changes the dynamic of the plan by a lot of money and businesses, so being honest about the true plan is pretty important.

]]> http://www.moneycrashers.com/highlights-of-president-elect-barack-obamas-tax-plan/#comment-6244 author Fri, 07 Nov 2008 14:36:45 +0000 http://www.moneycrashers.com/?p=682#comment-6244 yes, but there are plenty of small business owners that make over $250k in profit. Obama threw out some statistic that it would be a very small percentage, but I disagree. Look at all of the professionals that own small businesses such as CPA's, doctors, dentists, attorneys. Say what you want about some of these people, but they offer a service that is wanted and needed in their community and to penalize would be devastating to the economy, i think. yes, but there are plenty of small business owners that make over $250k in profit. Obama threw out some statistic that it would be a very small percentage, but I disagree. Look at all of the professionals that own small businesses such as CPA’s, doctors, dentists, attorneys. Say what you want about some of these people, but they offer a service that is wanted and needed in their community and to penalize would be devastating to the economy, i think.

]]> http://www.moneycrashers.com/highlights-of-president-elect-barack-obamas-tax-plan/#comment-6242 David Thu, 06 Nov 2008 22:52:33 +0000 http://www.moneycrashers.com/?p=682#comment-6242 Its not on $250K of business income, its $250K of business profits. You would have to make a lot more than $250K in business income to see any increase in income tax on your business. Its not on $250K of business income, its $250K of business profits. You would have to make a lot more than $250K in business income to see any increase in income tax on your business.

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