Thursday, October 13, 2011

Tax increases on job creators will kill jobs - - simply aint so

This argument is stated as it would affect small businesses that file tax returns as sole proprietor, LLC etc.

Remember...employee wages, employer wage taxes and other related employee expenses are subtracted from earnings BEFORE tax liability is determined.  Therefore, adding employees will REDUCE the tax liability on such filers.  The basic problem with the economy is that too few people have too much money and too many people have too little money hence - no demand.  More on this later.

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