Small Business being Taxed to Death


	Small Business being Taxed to Death

BKLYN11211

7-16-2008 7:46 PM

111 views

tags:

small business, forbes, steve forbes, taxes

BKLYN11211 says:

The last thing my small business needs is any increase in taxes. I am barely staying afloat.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/01353081-b474-459b-9ca7-79f75341b239/B15653C5-F35D-4052-9125-FFB2391923B1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html" href="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html" style="font-size: 11px;">moneynews.newsmax.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html"><H2>Steve Forbes: Raising Taxes Bad Idea</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html">			Billionaire business publisher Steve Forbes is concerned about talk in Washington — and on the campaign trail — about raising income taxes and corporate taxes, and he reckons that doing so will wreck the U.S. economy</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html"><P>"We know from experience that when you raise taxes during an economic downturn, you hurt the economy," said Forbes. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html"><P>Most individuals who earn more than $250,000 are not employees, but are, rather, small business owners, who are taxed at the personal income tax rate, since their businesses are S Corporations, partnerships or limited liability companies, said Forbes. 
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html"><P>Economic experts agree with Forbes that entrepreneurs are still vital to U.S. economic growth.
</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://moneynews.newsmax.com/streettalk/economy/2008/07/16/113405.html"><P>If taxes go up during the next presidential administration, many small businesses may close.
</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B15653C5-F35D-4052-9125-FFB2391923B1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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