Re: CONGRESS STOPS TAX INCREASE ON EVERY AMERICAN!
Not at all, here are 6 previous posts from me on the subject...
is much higher than European countries, that's why you are hurting, because our climate
for business is being hindered by taxation.
Since you are a citizen of the U.K, you should look up their business tax rate, and compare
it to ours.
U.S. States Lead the World in High Corporate Taxes
Comparing U.S. State Corporate Taxes to the OECD
OECD Overall Rank
Federal Rate Adjusted
Top State Corporate Tax Rate
Combined Federal and State Rate (Adjusted) (a)
When a business is taxed, it is in reality a double taxation on individuals.
Pennsylvania is #2 in the world in combined business taxes,
more than anywhere except Iowa.
More than Europe:
Combined Federal and State Rate (Adjusted) (a) 41.5 %
Finally, Mr. Obama would require many small business owners to pay as much as a four-percentage-point payroll tax surcharge on net income above $250,000. All of this would bring the federal marginal small business tax rate up to nearly 45%, while big business would continue to pay the 35% corporate tax rate.
lower the business tax from 35% to something like 30% so that we can compete.
Many businesses are leaving for Europe.
That still lets him hike the Income tax for individuals, while helping business.
35% is killing our business climate.
The HUGE corp tax that you are complaining about only now…you ignored under the Rs for 8 years before…hmmmm must be another fault of the President?
From: dEncens Chaton
Every American held hostage... by the Democrats..
Who refuse to drop the highest corporate tax rate in the world! From 35% to 30%, to be in line with the other countries.
Check it out, our lovely liberal progressives have actually designed a REGRESSIVE corporate tax:
For SMALL BUSINESS, the rate is 39% over $100,000 and below $335,000, which is most small businesses.
Federal tax rates
For regular income tax purposes, a system of graduated marginal tax rates is applied to all taxable income, including capital gains. Through 2010, the marginal tax rates on a corporation's taxable income are as follows:
Taxable Income ($)
0 to 50,000
50,000 to 75,000
$7,500 + 25% Of the amount over 50,000
75,000 to 100,000
$13,750 + 34% Of the amount over 75,000
100,000 to 335,000
$22,250 + 39% Of the amount over 100,000
335,000 to 10,000,000
$113,900 + 34% Of the amount over 335,000
10,000,000 to 15,000,000
$3,400,000 + 35% Of the amount over 10,000,000
15,000,000 to 18,333,333
$5,150,000 + 38% Of the amount over 15,000,000
18,333,333 and up
On Fri, Dec 17, 2010 at 10:24 AM, dude wrote:
Every American held hostage….so tied to their own self-survival that they don't notice the Rs sneaking in an extension to the tax cuts of the upper 1% earners.
From: dEncens Chaton
Whew, that was a close one.
If they didn't pass that compromise tax plan last night, my tax burden next year would go UP by $5000
That's $5000 I can't afford!
All over the Main Stream Media I see "Obama Tax Cut Passes"
What a lie, there is no cut in income taxes, there is only a small temporary cut in SS taxes, from 13% down to 11% for one year, a 2 point temporary drop.
The headlines today should read: CONGRESS STOPS LOOMING TAX INCREASE ON EVERY AMERICAN!