The Small Business Tax Help Blog

Posts Tagged ‘obama business tax plan’

Question: I clean porto potties and want to open a business in that field who tax plan work best for me Obama or McCain?

I have been working and cleaning porto potties for 15 years and Joe the Plumber got me fired up to open my own business

Answer: McCain does. Under Obama, if your business makes more than 250k a year, you’ll be mandated to supply health insurance under penalty of fine, and you’ll pay an extra 5-25% in taxes depending upon how much over 250k a year you make.

Congress Should Take Up $90 Billion Bank Tax, Frank Says

U.S. Representative Barney Frank , an architect of the financial-overhaul bill lawmakers sent to President Barack Obama yesterday, said he wants Congress this year to take up the White House plan for a $90 billion bank tax to recoup government bailout funds.

Obama Explains His Tax Cut Plans To Plumbing Business Owner