Robert Kiyosaki Blog

Financial Education Portal inspired by Robert Kiyosaki


Obama?s Tax Plan Punishes Small Business and The American Worker?

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS

Raising Taxes on “Top 5%” Would Punish Small Employers and Ordinary American Workers

What do you think about this?  I mean there is such a difference beteween the Republicans and the Democrats does anyone really know what is right?  What I think they should do is “test” a state like California and tax the highest income earners, however that would not be Constitutional, I don’t think.  The problem with this all or nothing tax on the rich is that it is just that all or nothing, and we don’t live in an all or nothing world.

The problem I (Jim Peake) see with the economy is that there is no integrity.  The probem with the 2 major candidates is that the same old boy network is running both campaigns.  The problem I see is we are about to re-elect another Democrat or a Republican and WE ARE EXPECTING A DIFFERENT RESULT?  Isn’t it time the small businesses banded together and threw some weight around?

Despite the slowing economy, Senator Barack Obama admits that he will raise taxes if elected President. But, he assures us, only on the top 5% of income earners in America.

There’s one problem with that – most taxpayers filing as individuals in the top income brackets are actually small businesses, which create most new jobs in America.

At first glance, many ordinary Americans struggling to make ends meet and put food on their tables might set aside their traditional opposition to higher taxes, and welcome tax increases for those who can presumably afford it. This is especially true during an economic slowdown, and as news continues to arrive regarding irresponsible corporate executives driving companies such as Lehman Brothers or Bear Stearns into the ground.

Share This Blog
Digg It! Digg It! Reddit It! Furl! Texhnorati! more….


Technorati Cosmos
Sphere It

Obama?s Tax Plan Punishes Small Business and The American Worker?

Share and Enjoy


Laurence Kotlikoff and Scott Burns – Spend ‘Til the End: The Revolutionary Guide to Raising Your Living Standard–Today and When You Retire


Bonnie St. John – Money: Fall Down? Get Up

Submit a Comment