There has been discussion on taxing those making over $250,000 to pay for the health care plan. Leaning H had this government philosophy:
Leaning H, I agree with you on these points. It is the fear of going too far to the left and its economic consequences however I feel this hand is often overplayed.
The talk now on the health plan is an increase of taxes of those making above $250,000. How many people in the United States is in this group as a percent of small business owners or total population?
According to Wikipedia, those making over $250,000 comprise only 1.5% of the population:
http://en.wikipedia.org/wiki/Household_income_in_the_United_States
The republican call that this will hurt the economy because it will tax small businesses. If it does, it will only be 1.5% of the population and it seems that unless you are playing with definitions, small businesses income (as defined after business deductions) affected by this will be very small.
If you google this subject, you will find a lot of garbage mostly arguments to protect that 1.5%. Although I couldn't find a good number and I hope someone else posts one with a source for small businesses that make (net income, not gross) over $250,000, this is probably comprised more of trust babies, CEOs, movie and sports stars than small businesses.
Leaning H has a good point that we don't need government to continue to take more and more of the economy and I agree with him but with more and more people losing their jobs and their healthcare, I tend to think the "rich" can pick up some of this slack until some quality jobs come back with healthcare.
I tend to think that politicians will be protecting their own sources of income which probably comes from this 1.5% of people in the U.S. than making good policy for healthcare reform.
If you are one of those people crying over this and can't find a way to keep from being over that $250,000 with all the accounting tools out there, let me make a suggestion: Hire someone. It will help the economy and I am sure you can get them to do something useful even if it is not highly profitable to yourself, do it for your country. Men and women in uniform sacrifice much more when they serve our country in uniform.
Tex
If the Governement comes to ANYONES ranch and says give some up because you have TOO MUCH, I disagree with that philosophy! And that is what i think the current adminastration is pushing! From Halliburton to Leaning H Livestock.......... The government usually gets in the way of the economy and retards growth. They have screwed up enough projects. How 'bout we let hard work and bright ideas have a chance?![]()
Leaning H, I agree with you on these points. It is the fear of going too far to the left and its economic consequences however I feel this hand is often overplayed.
The talk now on the health plan is an increase of taxes of those making above $250,000. How many people in the United States is in this group as a percent of small business owners or total population?
According to Wikipedia, those making over $250,000 comprise only 1.5% of the population:
http://en.wikipedia.org/wiki/Household_income_in_the_United_States
The republican call that this will hurt the economy because it will tax small businesses. If it does, it will only be 1.5% of the population and it seems that unless you are playing with definitions, small businesses income (as defined after business deductions) affected by this will be very small.
If you google this subject, you will find a lot of garbage mostly arguments to protect that 1.5%. Although I couldn't find a good number and I hope someone else posts one with a source for small businesses that make (net income, not gross) over $250,000, this is probably comprised more of trust babies, CEOs, movie and sports stars than small businesses.
Leaning H has a good point that we don't need government to continue to take more and more of the economy and I agree with him but with more and more people losing their jobs and their healthcare, I tend to think the "rich" can pick up some of this slack until some quality jobs come back with healthcare.
I tend to think that politicians will be protecting their own sources of income which probably comes from this 1.5% of people in the U.S. than making good policy for healthcare reform.
If you are one of those people crying over this and can't find a way to keep from being over that $250,000 with all the accounting tools out there, let me make a suggestion: Hire someone. It will help the economy and I am sure you can get them to do something useful even if it is not highly profitable to yourself, do it for your country. Men and women in uniform sacrifice much more when they serve our country in uniform.
Tex