Text 489, 130 rader
Skriven 2004-08-02 19:27:00 av JOHN MASSEY (1:123/140)
     Kommentar till en text av SEAN DENNIS
Ärende: President John Kerry !!
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SD>.CHRS: CP437 2
SD>Hello, JOHN.

SD>On 01 Aug 04 at 21:53, JOHN MASSEY wrote to JEFF BINKLEY:

SD> JM> really looks for every deduction and credit, you can avoid a
SD> JM> lot. Did you know that if you meet "certain requirements" you
SD> JM> can deduct the  cost of vet bills, food, and other pet supplies
SD> JM>  for dogs used for security?

SD>I've deducted the cost of work shoes and the cost of a new bicycle
SD>off of my taxes-and I work at a fast food joint. ;)

SD>It's all in what you know. <G>  But I didn't know the part about the
SD>dogs... maybe I should tell my mom that, who just started her own
SD>LLC.

I'll take that opening to post this from Neal Boortz. It is long but 
explains a lot of Small Bussiness Owners point of view.

THIS YOU MUST REMEMBER ABOUT JOHN KERRY'S TAX PLANS
  
John Kerry is announcing, rather proudly in fact, that he intends to 
raise taxes ... but only on those people in this country who are making 
more than $200,000 a year.  This idea is quite popular with an 
alarmingly large number of (stupid/envious) Americans.
  
I'm going to explain why this is a bad idea.  To most of my listeners I 
offer this apology for the slow, plodding way I am going to go about 
this.  The problem is that most of the people who realize that Kerry's 
tax increases are dangerous already understand what I'm going to tell 
you.  Those who think it's a great idea were probably educated in 
government schools.  That's why I have to take this slow.  These folks 
aren't the easiest people to educate.

OK ... first of all, on the campaign trail Kerry will usually chose his 
words carefully.  He will say that he wants to raise taxes only on 
"people earning more than $200,000 a year."  He intends for you to 
believe that he's talking about individuals here; individuals earning 
more than two hundred grand a year.  But Kerry didn't say "individuals."  
He'll say "people" or "Americans."  The secret here is that married 
couples fit under the definition of "people" and "Americans."  Kerry's 
tax-increase plans include any couple reporting more than $200,000 in 
income on a joint tax return.  So, you may be making $85,000 a year, and 
your wife or husband may be making $120,000 a year, and you think you've 
escaped Kerry's tax increase.  Sorry!  File that joint return and join 
the club! 

Now ... just who are these people earning more than $200,000 a year?  
Sure, some of them are salaried individuals or commissioned sales 
weasels ... but a lot of them are small business owners.  In fact, a 
huge percentage of them are small business owners.  To be more specific 
... a huge percentage of these people are the very small business owners 
our economy depends on for well over 75% of all jobs.

These small business owners are operating their businesses under such 
legal structures as a Subchapter-S Corporation or an LLC, a Limited 
Liability Corporation.  These legal structures allow these individuals 
to operate their businesses with most of the legal protections afforded 
regular corporations, but without some of the more onerous accounting 
and financial requirements.  These Sub-S and LLC business owners do not 
file corporate tax returns.  All of their business earnings are reported 
on their personal tax returns as personal income.  So, if you're running 
a dry cleaner, a restaurant or manufacturing company; if you're a 
doctor, lawyer or dentist; if you own a construction company or any 
other small  business as a Sub-S or LLC you will report the earnings 
from that company on your personal tax return.  You can see that it 
won't take much at all for your income to exceed the magic Kerry-
targeted $200,000.  

Now just what happens when you raise the income taxes on these $200,000 
+ income earners?  Come on now.  I know you went to government schools 
... but you can see the effect here, can't you?  You're not really 
raising an individual's taxes, you're raising taxes on a business.  
These small business owners turn over to the government in taxes the 
money they could be using to expand!  Why do they want to expand their 
businesses?  Because the more business they do, the more money they 
make!  To do more business they may need more employees!  But if the 
government is taking more of their earnings, then there is less money 
available to hire new employees or purchase equipment that is needed for 
business expansion!

This is why you see economic growth following tax cuts.  Sure, the extra 
money in the pockets of individual taxpayers doesn't hurt ... but the 
real growth comes from small business owners using their tax savings to 
expand their businesses by purchasing new equipment and hiring new 
people!

Does Kerry understand all this?  Two weeks ago I would have told you 
that he understands it all-too-well.  Today, I'm not so sure.  After 
all, just last week I interviewed a congressman from Detroit, John 
Conyers, who didn't even know that American corporations have to pay 
federal income taxes to our federal government for earnings realized 
solely from overseas operations.  So, it's not beyond the realm of 
possibility that Kerry might be as dumb as most other Americans on this 
issue.

I'm going to make the assumption, though, that The Poodle knows who 
these people are he wants to hit with a tax increase, and he knows what 
the effect will be.  He knows, but he doesn't give a damn.  For Kerry, 
it's all about power.  He knows that the vast majority of Americans 
couldn't write a coherent sentence about the tax treatment of Sub-S and 
LLC small businesses.  He knows that when he talks up a tax increase on 
"Americans making more than $200,000 a year" that most people create a 
mental image of some high-roller somewhere simply getting a $10,000 
paycheck every two weeks.  The voters Kerry is after know that they'll 
never see a paycheck like that, and by God they want to punish those 
evil people who do.  After all, they're only making that kind of money 
because they've cheated someone else or because they have crooked 
lawyers.  They're not really working people like us, are they?  They 
just sit around all day polishing their Benz and sipping Chardonnay.  
Those $200,000 a year types were just lucky.  After all, didn't Richard 
Gephardt say that they were the ones who "won life's lottery?"  And 
don't they call us the "less fortunate?"

So, if you happen to be on the fence in this election, here's your 
question.  Do you want these small business owners to keep that money 
and spend it on business expansion, or do you want the government to 
take it and spend it on who-knows-what in some congressman's district to 
help him buy some votes?

If there was any decent economic education in our pitiful government 
schools we wouldn't be discussing this right now.

CMPQwk 1.42-21 9999 
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