Re: CONGRESS STOPS TAX INCREASE ON EVERY AMERICAN!
Not at all, here are 6 previous posts from me on the subject...
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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.
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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 |
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 %
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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.
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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.
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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 $335,000, which is most small businesses.
Federal tax rates
For regular income tax purposes, a system of graduated marginal tax rates is applied to all taxable income, including capital gains. Through 2010, the marginal tax rates on a corporation's taxable income are as follows:
Taxable Income ($)
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.
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!
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