Comments on: New taxes on small businesses? http://terry-neese-blog.com/new-taxes-on-small-businesses/ Insights on Women, Minorities & Small Business Benefits | NCPA Thu, 09 Sep 2010 10:49:04 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Robert Stanley http://terry-neese-blog.com/new-taxes-on-small-businesses/comment-page-1/#comment-1450 Robert Stanley Sat, 04 Apr 2009 02:05:45 +0000 http://terry-neese-blog.com/?p=189#comment-1450 Good Day Terry, Thank You for your work as an advocate for us, small BUSINESS. As i am not totally familiar with all the aspects I am subject to tax wise, I surely know I pay way too much and am constantly surprised at how I am penalized for choosing to be self-employed.Self employment tax is staggering. Thank You for listening,ah, reading ! Robert Good Day Terry,
Thank You for your work as an advocate for us, small BUSINESS. As i am not totally familiar with all the aspects I am subject to tax wise, I surely know I pay way too much and am constantly surprised at how I am penalized for choosing to be self-employed.Self employment tax is staggering.
Thank You for listening,ah, reading !
Robert

]]> By: Ken Arlen http://terry-neese-blog.com/new-taxes-on-small-businesses/comment-page-1/#comment-1431 Ken Arlen Sun, 29 Mar 2009 07:02:10 +0000 http://terry-neese-blog.com/?p=189#comment-1431 Hi Terry, I heard your interview on the Mike Gallagher show. Thank you for speaking up for small business owners. I am frustrated that at no point during the presidential campaign did anyone make the case for the small business owner. (Joe the plumber was miss represented.) President Obama has defined 98% of small business as making under $200k. He lacks a fundamental understanding of small business and flow through income. My company has 6 full time and 30 part time employees. I consider myself a very small business. If I am lucky enough to make $250K I will pay 99k in tax. With two kids in college I pay 80K + as self employed I pay my familys health. What's left over is about 50k for my family of 4. So...If my taxes are increased how can I possibly hire new employees? How can I grow my business or grow the economy? Here are my suggestions: 1. No tax increases 2. A credit for business that pay all of their employees health benifit. 3. Higher levels of deductions for equiptment and growth related expenses. No one is talking about Obama's pledge to raise or illiminate the cap on Social Security. That (tax) would cause me to have to lay off at least a few employees. I cannot afford the 4% income tax +15%SS increase. Ken Arlen Hi Terry, I heard your interview on the Mike Gallagher show. Thank you for speaking up for small business owners. I am frustrated that at no point during the presidential campaign did anyone make the case for the small business owner. (Joe the plumber was miss represented.) President Obama has defined 98% of small business as making under $200k. He lacks a fundamental understanding of small business and flow through income. My company has 6 full time and 30 part time employees. I consider myself a very small business. If I am lucky enough to make $250K I will pay 99k in tax. With two kids in college I pay 80K + as self employed I pay my familys health. What’s left over is about 50k for my family of 4. So…If my taxes are increased how can I possibly hire new employees? How can I grow my business or grow the economy? Here are my suggestions:
1. No tax increases
2. A credit for business that pay all of their employees health benifit.
3. Higher levels of deductions for equiptment and growth related expenses.

No one is talking about Obama’s pledge to raise or illiminate the cap on Social Security. That (tax) would cause me to have to lay off at least a few employees. I cannot afford the 4% income tax +15%SS increase. Ken Arlen

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