You need to be on someone's payroll
Posted By: MTfromLA on 2009-02-13
In Reply to: Pork....(sm) - Just the big bad
as a lobbyist! Maybe Ms. Pelosi would be interested, she might use some help with her mice project.
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He was still on the payroll until
He is not on their payroll that I am aware of....
there are many people who "work for the campaign" who are not paid members of the campaign. I have never heard Fox or any other network say he was a paid member of the McCain campaign. I said he was working on behalf of the campaign...so am I, but they aren't paying me either. Big difference. I don't think, and have seen no indication, the Rove will be a member of a McCain administration.
I understand the payroll tax on only over $250K....sm
I understand I won't pay more payroll tax and income tax at our low income, but it's the property taxes, fuel taxes, sales taxes, and capital gains taxes that are going to go up too, and being landowners and ranchers raising livestock, those taxes affect us big time and just add to the cost of our business, which already is hard to make a profit on.
I know it's hard for people whose income is from a job where you go to work and bring home a paycheck and taxes are simple to understand. But running a business isn't just about how much comes out of your paycheck for payroll tax and what you pay for income tax once a year. These corporate taxes he's talking about are going to affect so many small businesses because most of them make between $500,000-$1,000,000 a year, and increasing their tax rates is going to kill them. It's going to cause them to lay off employees, raise their prices, or simply close their doors.
I have several family members with mom-and-pop business in small towns from a beauty salon to a restaurant and a small computer fix-it business and they will really be hurt by this. They can't raise their prices because people in their small town can't afford to pay higher prices.
There are a lot of big farmers in our area who easily make over $250,000 a year, but what people don't realize is that probably 90-95% of what they sell their crops for has to go into planting and harvesting those crops and they have little to actually live on to pay their heating and food bills, etc., when it's all said and done, so where are they going to come up with the extra tax money?
By sticking it to the big corporate business, there's going to be a lot of collateral damage in the wake and those are going to be the small to mid-sized business of our friends and family. They need to raise the amount to 1-2 million or something because this is going to kill small town main street. JMHO
Yes - and payroll would be cheaper, simpler too.
Companies incur unbelievable costs trying to handle withholdings properly. Now, imagine that you've got just two numbers to deal with - 10% or 25%. The savings would be very significant.
I'm surprised by the 10% rate, however. I had always heard from proponents of the flat tax that it would have to be more like 17-20% to keep the government running (even before the government became even more bloated). Of course, they were talking about the same rate for everyone, not a two-tiered system like this, so perhaps the 25% bracket makes up the difference.
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