Mr. Bush, a reminder: only 3.8% of small businesses make over $200,000 AGI

[flpoljunkie]

Using small businesswomen as photo props in his campaign. He should be ashamed
of peddling this crap. Continuing Bush's tax cut would protect only 3.8% of small business owners, but the mega rich will continue to reap massive tax breaks--paid for with your payroll taxes--something most people are not aware of.

This makes Bush's tax cuts for the wealthy doubly unconscionable--destroy our economic future with tax cuts for the wealthu paid for by working people. We must vote these greedy, lying bastards out in November!

AGI- adjusted gross income

[rock]

1. And anyone should be glad to be in that class

Even if they have to pay more taxes.

[Turbineguy]

2. When the Chimp speaks

the stock market drops. Please forget that the market went south when he got the nomination in 2000. Oh, damn!

In Cleveland today, another tax payer financed campaign stop?

[RobertSeattle]

3. Good point

I'm surprised it is as high as 3.8%. And this is probably a rapidly changing population, where some years a small business might make over 200K and the next well below the 200K line. (Recall that most small business are on a cash accouting system so merely depositting a check on 1/2 instead of 12/30 can greatly change your tax implications for the respective year)

[rfranklin]

4. My business makes twice that and I still haven't seen anything...

I suspect it's just like the income tax on individuals. Unless you're in that rarefied area of the top 1%, you ain't gonna see squat!

[YNGW]

5. Rephrased

>only 3.8% of small businesses make over $200,000 AGI

I would re-arrange that statement.

Only 3.8% of small businesses REPORT making over $200,000 AGI. Lots of ways to hide income and never get caught.

But for those who do report over $200K, raise taxes on them and they'll find the correct tax shelters. I don't see that changing anytime soon.

Probably best thing to do is arrange the tax code to create an incentive for the wealthy to redirect capital into needed areas. But, that's essentially what the tax code changes from year to year do anyway.

[flpoljunkie]

6. I understand that there is a broad definition of "small businessman" in

the tax code--which would allow both George W. Bush and Dick Cheney to be considered as such, according to a recent article.

[rucky]

7. not to mention a wholly-owned subsidary...

of a not-so-small business

[zbdent]

8. An interesting situation - due to budget problems, Cleveland had

to lay off a significant number of police.

There was a HUGE stink about a person getting like $20K in overtime for shuttling Mayor Jane Campbell's daughters to and from shopping trips (in New York! Guess they were "stimulating the economy" like good patriots!).

Huge issue lately, especially with the reporting last night about the rise in crime and drop in arrests.

So Bush comes into town today, and ties up a farking huge number of cops to block off the streets around the two places he was speaking.

Of course, that won't be covered by the liberal media . . .

[TheStateChief]

9. I Would Pay Higher Taxes On My Small Business...

and I've thought for the longest time that if Kerry did exclude small business he would leave Bush twisting in the wind on this argument. Bush was on the TV today and that was the general thrust of his attack on Kerry - that he would raise taxes on small business.

BTW, does anyone have statistics on how many small businesses this 3.8% actually represents and how much revenue these small businesses actually throw off? I'd be curious to see what the cost of excluding small business would be if Kerry would adopt such an exclusion.