Re: What is a Progressive.

From: tonyp (tonyp_at_world.std.com)
Date: 08/31/04 

Date: Tue, 31 Aug 2004 16:19:59 -0400

"Jim Blair" <jeb@wisc.edu> wrote

> People who have started a small business that has grown realize that high
> income tax rates on upper incomes make it harder for a small business to
> grow large enough to qualify for the various tax breaks given to
> corporations, and to hire the lawyers who specialize in corporate law. A
> small business typically operates under that section of the income tax code
> that permits them to file as an individual and the business income is taxed
> as personal income. $200,000 a year would be a large income for an
> individual but is not very much for a small business.

Does Bush believe people will actually fall for this line of argument? In a
sole prop, a "business income" of $200K is exactly a "personal income" of $200K.
Bush himself says so. Does he (or do you) want us to confuse gross income of
the business with net income to the proprietor, somehow?

> PS: I will probably be offline for a couple of months
> after Labor Day.

Bad timing, Jim. How are we gonna argue about the election, that way?

-- Tony P.

Relevant Pages

  • Re: Bush Sez "The Economy is "GREAT"????
    ... increase in income," and "how does the increase in income to the ultra ... wealthy contribute to that 'average increase in income?" ... I'm a long time student of the tax code. ... OPPORTUNITY TO START THEIR OWN BUSINESS. ...
    (soc.retirement)
  • Re: FOR PHI HOMO
    ... My next subject is "Now it's my turn to bashing you". ... farms make X amount of income. ... So who do I believe, Chicsman or the industry reps, consultants and experts? ... expense of business. ...
    (soc.culture.laos)
  • Re: Bush Sez "The Economy is "GREAT"????
    ... His questions above of "Why is it that the price of goods and services have increased FAR BEYOND the average increase in income," and "how does the increase in income to the ultra wealthy contribute to that 'average increase in income?" ... Because the tax code is heavily biased in favor of the wealthy. ... I have put so many people in business without hardly a dime that I can't even count them anymore. ...
    (soc.retirement)
  • Re: What is a Progressive.
    ... >> income tax rates on upper incomes make it harder for a small business to ... >> corporations, and to hire the lawyers who specialize in corporate law. ...
    (sci.econ)
  • Re: Bush Sez "The Economy is "GREAT"????
    ... increase in income," and "how does the increase in income to the ultra ... wealthy contribute to that 'average increase in income?" ... I'm a long time student of the tax code. ... OPPORTUNITY TO START THEIR OWN BUSINESS. ...
    (soc.retirement)