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Question: Under Obamas’ plan for small business, what is the incentive for growth?

If he taxes small business for making $250,000 or more, were is the incentive for growth if you are just under $250,000, or near it for that matter? It seems like there would be no motivation to expand, hire new employees, etc.. because they would be hit with new taxes. Why make people providing jobs pay more in taxes? Also he said he would cut capital gains taxes on small business, but I was under the impression that small business did not pay capital gains taxes but income taxes, which he stated he would raise.

http://www.barackobama.com/issues/economy/

http://forums.hannity.com/showthread.php?t=923861

You should really use quotations and state your source Maverick no more, otherwise it is plagiarism. I read the same paragraph and gave a link to it. I know it is off topic, but it is just the right thing to do.

Answer: First of all he will end up having to tax everyone more because those who make over 250 will either stop or go away or hide it. Only those with on the book saleries that high would get taxed and they would simply change the way they are paid so he wouldn't.
So no one who understand politics, business, or makes that much or even half that much believes he could keep the cap there. Anyone who believes that number is out of touch with politics.
The biggest reason Obama should not be president is because he is for larger government and socialist systems of over taxation and handouts which are against the American dream. That system is opposite the ideology of "The Land of Opportunity"

In a socialist system over taxation leads to less productivity and actually less money collected in taxation from the populus.
Instead the government has "programs" to spend money giving it to people so they can live and get by.

With lower taxes government actually collects more tax money because way more business is done, With lower taxes the consumer has more money and the consumer does more business. Also businesses do not leave and go to Mexico or Asia instead they stay here.
Every time money changes hands taxes are made, if you take the money away in taxes less money is made because less money changes hands. So in the capitalist system people are able to obtain the American dream, and in a socialist system they have to rely on govermnet which is going broke because there is less business (and in turn less taxes collected) to hand those who are unemployed (or not making enough to live) for day to day life. Hence that system is what you see in less wealthy countries and more people live in lower economic housing etc.

America has been one of the wealthiest places, and has just about the best if not the best, living conditions for its people of all the countries in the world. America is the land of opportunity. We do not say that about socialist counties because socialist countries not only do not have opportunity, they are poor countries. The fact is people from socialist countries try to immigrate to America all the time, not the other way around.

Government has to have a balance if they over tax than what? They spend more by bailing everyone out because they didn't have enough money to keep business afloat, and without business people have no jobs either? You see if business is gone because of high taxes who has a job? Oops than there would be even less to tax, and a broke government that had poor people that needed money just to buy food. In that system we can forget about any video games or flat screen TVs, those things are only seen in abundance in Capitalist countries.

BTW 64 out of 100 small businesses fail in the first 10 years. I'll get you the stats;
"The authors concluded that cumulatively 64.2% of the businesses failed in a 10-year period -- if failure was measured as discontinuance of ownership -- but only 5.3% actually filed for bankruptcy during a decade"

And that was in a good economy! I have read that 7 out of 10 fail in 5 yrs. but can't find it at the moment you can search the census bureau

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