Obama and the self employed

[corporatefactors.net]

If you want jobs you have to create business. Creating more business means creating more jobs.

There can be no new jobs without the creation of business. Once again more tax is imposed on business owners under the new Obama plan.

With one company going bankrupt after next and more people getting laid off from their jobs in record numbers, how then do we find jobs if they can't be created ?

Test Question?

How will business owners deal with this new tax?

Answer?

By laying off people not hiring new people.

What is the incentive to start up a new business and create new jobs?

Correct me if I am wrong, but if you add up city, state, fed tax, health tax, and all other tax you could expect to pay in a business, are we not well past over 50% of every dollar earned by a business paid out in one form of tax or another.

[ITcapital]

I agree I love Obama but were in big trouble with this one.. Good-bye jobs

[raj21]

I am not sure where the 55% number came from, but he has proposed lifting the cap on Social Security taxes, currently at $102,000. so that 12.6% will be on EVERY dollar, plus the 2.9% Medicare, which is already uncapped. So, take 15.5% for that, and add a 39% top tax rate,and I guess you have your 54.5%.......of course, that is only on high income individuals, but still

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