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View Diary: Boehner just shot himself in the foot (170 comments)

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  •  raising taxes on entrepeneurs stimulates the (0+ / 0-)


    raise their taxes 15%, and now they find their kid's private schools and their ski vacations harder to pay for. so how do they react?

    they expand their operations to pull in more revenue. that way they can get back to their previous income and comfort levels.

    when they expand their operations, this creates jobs and investment.

    well-to-do entrepeneurs can afford to do this, but the average joe cannot. raise joe sixpack's taxes. what does joe do? well he can work more overtime if it is available, or do side-jobs if he is in an appropriate trade, but joe sixer really does not have alot of options at his disposal.

    Mr. Big, joe's boss, who owns a restaurant, or two or three and some other businesses has expansion options. He has credit and capital. one job of the tax code is to give Mr. Big incentive to try those options. tax him!

    Any man can stand some adversity. If you really want to know a man's character, give him power. Abe Lincoln.

    by maskling11 on Sun Dec 02, 2012 at 10:08:01 AM PST

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