Wednesday, December 5, 2012

Just How Small Is Small?

       When it comes to taxes, especially on the top 2% of income earners, you should remember why the taxes were lowered in the first place. Back in 2001 and 2003, the reasons that were given for the tax cuts were that we had to big a surplus. We did have a surplus back then, but the reasons for those surpluses were that we didn't have two wars going on at the same time and we hadn't given away the keys to the safe yet.
       Well, now we did fight in two wars at the same time for an average of 10 years each. And most of that time we weren't taking in enough in taxes to pay our way. How do I know we didn't pay our own way? Because now, instead of a surplus, we've got a deficit and a $14+ trillion debt. And we're still in a fiscal hole.
       But we shouldn't raise taxes, right? Well if we don't raise taxes, how can we get out of debt? Cut spending. But not defense. Not Social Security or Medicare either. Of course if we did cut defense and Social Security and Medicare we still couldn't begin to get out of debt. But we can't raise taxes on job creators. Does that mean we should raise taxes of job performers? Anyone but Small Businessmen.
       Here are some facts about the, so called, job creators. Like President Obama is considered a job creator and a small businessman. So are a whole lot of Congressmen and Senators, because they've written books. That qualifies them as small businessmen. It also includes nearly every lawyer and every hedge fund manager. Small businessmen aren't the local diner owners or dry cleaners. Just because you own a small town boutique or barbershop doesn't mean you qualify for the title of a 2%er.
       If you're one of the wealthiest taxpayers in the country, you're almost surely considered a small businessman. In fact, just about everybody but the "too big to fail" are small businessmen as far as the IRS is concerned.

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