Label me Liberal
New member
the rhetoric that companies are scared to hire because of "possible" tax raises on the top 2%. And are unsure of new regulations by the Obama admin.
First personal income tax levels do not effect taxes paid by the company. They may effect the company management but never the company itself. There are numerous write-offs available to companies that lower their taxes even more. My parents own a small business that grosses over $250k per year. Last year their total tax bill including Federal, State and Local taxes was less than $3,000.
Companies are not hiring because there is no need to hire. Most companies have reduced their workforce or kept it the same. While at the same time keeping output the same and in most cases the output has risen.
Justin - I guess you just don't get it, the bush tax cuts where on personal income. Not business income. Although if I'm a hedge fund manager earning $20 million per year my work force is one so those taxes raising would effect me.
First personal income tax levels do not effect taxes paid by the company. They may effect the company management but never the company itself. There are numerous write-offs available to companies that lower their taxes even more. My parents own a small business that grosses over $250k per year. Last year their total tax bill including Federal, State and Local taxes was less than $3,000.
Companies are not hiring because there is no need to hire. Most companies have reduced their workforce or kept it the same. While at the same time keeping output the same and in most cases the output has risen.
Justin - I guess you just don't get it, the bush tax cuts where on personal income. Not business income. Although if I'm a hedge fund manager earning $20 million per year my work force is one so those taxes raising would effect me.