You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

If you make more than $250,000 a year ... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Lesleymo Donating Member (225 posts) Send PM | Profile | Ignore Tue Jul-27-10 06:11 AM
Original message
If you make more than $250,000 a year ...
Advertisements [?]
According to some Republican guy on the teevee last night, people who make more than $250,000 a year are typically "small business owners." So we can't tax them, poor babies, because then they would cut back on hiring.

But, said the host of whatever show it was, we're talking about personal income, not business income.

No no said the Republican, these people own small businesses so the business income is reported on their personal tax return so it only LOOKS like they are personally earning that much.

Hm.

Correct me if I'm wrong, which is totally possible. But I'm thinking the only way you would report *all* of your business income as personal income is if you are a sole proprietor which by definition means you HAVE NO EMPLOYEES. If you have employees, that expense would already be accounted for (probably through some kind of corporate structure, large or small) before you tally up your own 6-figure income.

If your personal bottom line is $250,000 or more, congratulations. Stop whining. You can afford a tax increase.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC