Question about Obama's plan

iVillage Member
Registered: 03-19-2003
Question about Obama's plan
11
Thu, 10-16-2008 - 5:59am

about taxing businesses ... I went to fact check this morning b/c I was interested in finding out more after the exchange regarding 'Joe the plumber' .... and the info was the same I'd already heard.

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iVillage Member
Registered: 08-13-2008
Thu, 10-16-2008 - 6:57am
I seriously doubt it is on gross revenue; rather it would be

Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 03-19-2003
Thu, 10-16-2008 - 7:07am

Thanks ... and thanks for ignoring my early morning horrific typing ... ;-)


His plan would help my family if it pans out ...... but people like my dad who has his own business and brings in a lot of revenue BEFORE expenses already pay so much tax I wondered if he would have to pay even more.

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iVillage Member
Registered: 08-13-2008
Thu, 10-16-2008 - 7:18am

When it comes to self-employment, the real key is social security deductions, because they pay the 15% (with


Full length fiction: worlds undone

"You have no power over my body..." ~ Anne Hutchinson

iVillage Member
Registered: 10-08-2008
Thu, 10-16-2008 - 7:27am

"Small businessed would only pay more in taxes if their income was over 200,000 ... so here is my question:

iVillage Member
Registered: 03-19-2003
Thu, 10-16-2008 - 7:37am

I have my own small business -- but the revenue is nothing compared to my dad's ... but then again nor are my expenses.

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iVillage Member
Registered: 07-03-2008
Thu, 10-16-2008 - 8:29am
The business my DH works for is an Engineering,Architecture, Surveying company. It is a multi million dollar business. Granted, things have been slow because of the economy.
iVillage Member
Registered: 03-19-2003
Thu, 10-16-2008 - 8:33am

you seem to not like your dh's boss too much ;-)


clarify this for me b/c I didn't follow and then I'll comment ...


If McCain wins, my DH could find the company has the cheapest way they could go, and still claim they pay 12,000 for the ins a year, we pay 4,500. OR with Obama, they could drop quarterly bonuses. After all the boss needs to by a new Mercedes every few years!

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iVillage Member
Registered: 10-08-2008
Thu, 10-16-2008 - 8:36am

I've spoken to you already in this thread, but wanted to talk more about your dad's situation.


I am a small business owner, and with my

iVillage Member
Registered: 03-19-2003
Thu, 10-16-2008 - 8:41am

I've spoken to you already in this thread, but wanted to talk more about your dad's situation.


I am a small business owner, and with my

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iVillage Member
Registered: 10-08-2008
Thu, 10-16-2008 - 8:46am
Nice exchange.

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