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Originally Posted by dew22  To those making the case for the increase at 250,000.
Would you really rather the Govt. Have the money?
Really? |
What if that money goes directly to paying down the national debt?
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Originally Posted by rbohm you are obviously not a business owner, or an accountant. |
You're right on one of your assumptions, and incorrect on the other.
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yes businesses that make more than $250k per year can cut their expenses, a small amount, they can cut their prices, they can cut the hours of their employees.
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Or...you could do none of those things
As far as I understand this, we should not be talking about gross income, nor should we be talking about business income at all.
The only reason we should be talking about small businesses is if we're talking about a sole proprietorship where the owner takes home net income as salary.
I doubt we would see very many small businesses that are parternships, LLC's, or Corporations that have employees that are taking home 250k+ annually.
Even if we did see this often...the same accounting principles I was talking about earlier still apply.
This is not about cutting expenses, cutting wages, or letting employees ago.