Obama Tax Plan for NC
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The $250K cut off Obama suggests, people seem to think that it only applies to individual income. For individuals, a $250K salary seems a lot, but for businesses, its nothing. A small business like a regular restaurant maybe making $250K in gross, but they still have to pay their employees, rent, re-stock inventory, etc.. What do you think will happen to it when 40% of its gross is now being taken away?
husseinobamaforever 3 years ago
Obama's so-called tax 'cut' is a TRICK! LookBeforeYouVote -- maybe even add a '.com' to that.
ObamasTrick 3 years ago
I have a small business and we outsource 20% of our production to China. If my personal and business taxes increase I will lay off long term employees that enjoy paid health care, life insurance, and a 401K plan. I will increase my outsourcing to 50% to 70% and reduce my income to compensate for my tax contribution.
jpcquadnet 3 years ago
this video is filled with lies...
sheilareynolds 3 years ago
That's wrong because they would basically be paying about the same amount as they did when Clinton was in office. all barack is doing is giving more money to the middle class and below so that they can actually buy some stuff from these businesses in which. Therefore, we make enough money to buy goods, businesses have enough money supply goods. Simplistic supply and demand is all that is.
naichonfreeman 3 years ago
Obama's tax plan is smoke and mirrors.
truthouch 3 years ago