Sugar Magnolia Posted October 25, 2008 Share Posted October 25, 2008 (edited) over $250,000 a year How does John McCain's advisors get this figure I think I will go out and start a business if I have a 50% chance of making a quarter million dollars a year Edited October 25, 2008 by Sugar Magnolia Quote Link to comment Share on other sites More sharing options...
wiegie Posted October 25, 2008 Share Posted October 25, 2008 over $250,000 a year How does John McCain's advisor's get this figure they made it up. There is NO way that this is true. Quote Link to comment Share on other sites More sharing options...
Sox Posted October 25, 2008 Share Posted October 25, 2008 Are they basing the 250k on profit,or the revenue the business generates?And which does Obama base what he plans to tax? Quote Link to comment Share on other sites More sharing options...
Sugar Magnolia Posted October 25, 2008 Author Share Posted October 25, 2008 Are they basing the 250k on profit,or the revenue the business generates?And which does Obama base what he plans to tax? According to Obama his tax proposal is based on net income, not on revenue Quote Link to comment Share on other sites More sharing options...
godtomsatan Posted October 25, 2008 Share Posted October 25, 2008 Obama's plan is actually $125,000 for single filers. The $250,000 is for you married folk. Quote Link to comment Share on other sites More sharing options...
keggerz Posted October 26, 2008 Share Posted October 26, 2008 i bet they took all the revenues made by "small business" and then divided it to come up with an average...because as we know, some small businesses aren't all that small...but even with that said, I too think they made it up....and what I dont get is why such and uproar....isnt the 39% just on the $$ above the 250K not the entire 250K Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted October 26, 2008 Share Posted October 26, 2008 I had a small business that made significantly less than that. Quote Link to comment Share on other sites More sharing options...
Sugar Magnolia Posted October 26, 2008 Author Share Posted October 26, 2008 i bet they took all the revenues made by "small business" and then divided it to come up with an average...because as we know, some small businesses aren't all that small...but even with that said, I too think they made it up....and what I dont get is why such and uproar....isnt the 39% just on the $$ above the 250K not the entire 250K Correct Quote Link to comment Share on other sites More sharing options...
Azazello1313 Posted October 26, 2008 Share Posted October 26, 2008 (edited) it's over 50% of small business income, not 50% of small businesses. which, I think, just means a means over 50% of reported schedule C income. that's certainly not a majority of small businesses. just the small businesses that hire the most employees, purchase the most capital, etc. Edited October 26, 2008 by Azazello1313 Quote Link to comment Share on other sites More sharing options...
Jackass Posted October 26, 2008 Share Posted October 26, 2008 over $250,000 a year How does John McCain's advisors get this figure I think I will go out and start a business if I have a 50% chance of making a quarter million dollars a year That must be including independent drug dealers. Quote Link to comment Share on other sites More sharing options...
keggerz Posted October 26, 2008 Share Posted October 26, 2008 Correct thats what I thought...so tell Joe the Plumber when he makes $260,000 to pay the extra $300(3%) and shut the F$#K Up! Quote Link to comment Share on other sites More sharing options...
H8tank Posted October 26, 2008 Share Posted October 26, 2008 thats what I thought...so tell Joe the Plumber when he makes $260,000 to pay the extra $300(3%) and shut the F$#K Up! That's the spirit! Then write a check out for $300 so the highschool dropout with 3 kids can buy herself a new iphone! You know, spread the wealth around a little! Quote Link to comment Share on other sites More sharing options...
AtomicCEO Posted October 26, 2008 Share Posted October 26, 2008 That's the spirit! Then write a check out for $300 so the Iraqi we "liberated" can buy herself a new iphone! You know, continue the Bush doctrine!! Fixed. Quote Link to comment Share on other sites More sharing options...
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