Re: CONGRESS STOPS TAX INCREASE ON EVERY AMERICAN!

Not at all, here are 6 previous posts from me on the subject...

These are just the ones that came before Obama was sworn in as president.

There is even one where I am critical of Bush.

----  dateTue, Jun 10, 2008 at 6:03 PM

Our business fed rate is 35%, which, when combined with state taxes on businesses,
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.

----- dateThu, Apr 3, 2008 at 9:19 AM

http://www.taxfoundation.org/publications/show/22917.html

U.S. States Lead the World in High Corporate Taxes

Comparing U.S. State Corporate Taxes to the OECD

OECD Overall Rank	Country/State	Federal Rate Adjusted	Top State Corporate Tax Rate	Combined Federal and State Rate (Adjusted) (a)
	Iowa	35	12	41.6
	Pennsylvania	35	9.99	41.5

Miki, remember that businesses are not individuals.
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 %

---- dateWed, Oct 22, 2008 at 8:38 AM
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.

----dateFri, Nov 7, 2008 at 3:50 PM

If anything, the most recent rise might be linked to the business tax. Our business tax is at 35%, and it is climbing. Europe recently lowered their business tax and their unemployment rates have been going down, while ours is going up.

----dateFri, Nov 7, 2008 at 7:11 PM

If Obama wants to spur the economy, he should do what Europe has done,
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.

----dateMon, Nov 10, 2008 at 9:11 AM

Q: Why didn't you blame Bush?

Easy answer: Even Bush is a dummy for now lowering the business tax.
35% is killing our business climate.

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On Fri, Dec 17, 2010 at 1:22 PM, dude wrote:

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?

 

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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 ($)	Tax Rate[21]
0 to 50,000	15%
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	35%

http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

 

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.

 

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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! 

 

http://www.mytaxburden.org/

 

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!