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Why Doesn’t Obama Ban Iranian Press TV? by Kenneth R. Timmerman
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Reaganomics and Obamanomics in the Media and in Reality by Malcolm A. Kline, Don Irvine and Spencer Irvine
How State Budget Battles Could Mean More Criminals Back on the Streets by Michael Tremoglie
Radical Muslims, Environmentalists and the Green Jihad by Mark Musser
Russian-Backed Propaganda Networks Claim Obama is a CIA Agent by Cliff Kincaid
Media Conceal True Nature of Flash Mob Racial Violence by John T. Bennett
NBC’s Mitchell Should Resign Over Telling Gaddafi’s Lies (Part 1, Part 2, Part 3) by Cliff Kincaid
CASA de Maryland: The Illegals’ ACORN by James Simpson
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I’ve owned and operated my own small business(es) for 47 years.
Today, at lunch, the subject of “Obama’s higher taxes” came up and a dippity-doo, puppy-yuppy, ten-years-out-of-college, numbers sort-of-guy said to me – “You know, if Obama raises taxes and if you make an extra $2,000,000 of TAXABLE INCOME next year, you’ll have to pay an extra $60,000 in taxes!”
To which I said, “Yeah, so?”
If I made an extra $2,000,000 of taxable income next year and paid my extra 3% tax on it – for crissakes – I’d STILL BE UP OVER ONE-AND-A-QUARTER-MILLION MORE than this year!
Hell! I’ll take that deal, any day, every day!
Paying 3% more on taxable income is not a problem – and in my 47 years of small business ownership, I’ve considered taxation no differently than I have any other cost of doing business.
In fact, unpredictable “free market” increases in heavy and other equipment costs; increases in various outside professional services costs; increases in various energy costs; the increases in non-interest-related financing costs; wild speculation in real estate and the stock market; ever-increasing compliance costs and, especially, increased insurance costs, affect my business decisions W-A-Y the hell more than a 3% federal tax increase would!
And, in reality, if there’s a particularly onerous tax that is regularly arbitrary, capricious, unfair and which really does cause a decline in both personal finances and small business – it’s the damned local property tax! It’s W-A-Y more discretionary, discriminatory and economy-busting than will be Obama’s proposed 3% tax increase on taxable incomes over $250,000!
In my area, which is GOP-dominated (maybe 3 to 1), and which hasn’t voted for a Democratic candidate for president since 1944, property taxes went up some 350% between 2003-2006 – - and they haven’t gone down one damned bit over the last two years – in spite of the free-fall in real estate values! A 350% property tax increase over three years is a helluva lot more damaging to personal finances and small business than is a dinky 3% taxable income increase over $250,000!
All the yapping, yammering, chattering and spouting over a 3% tax increase (on taxable income) for extremely well-to-do people (in the first place, only 1/2 to 3/4 of 1% of working Americans make a taxable income of over $250,000 per year) is just standard partisan GOP hot-air!
(Just like 40 years of bitchin’ about ACORN – with no significant convictions – even with a GOP president, GOP dominated FEC and GOP attorney general for 24 of those 40 years!)
???