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Originally Posted by Kalibah
If kerry takes away the tax cut to people that make over 200 thousand a year, it will HURT small buisnesses. A lot of small buisnesses make over that amount. Also if he raises minimum wage to 7 dollers an hour , as he hopes to do over hten ext few years, it will be harmful to small buisnesses. Trust me - I know a guy who owns his own bike shop. He has 2 workers, a wrenchmen and a salesmen. The salesman will get canned... he simply cannot afford to pay that much to both men, when if worst came to worst he could pay 1 person...
That said I saw an article in teh wallstreet journal on Tuesday - In 2003 John Kerry + Terasa Hienz paid a 12% TAX RATE
12 percent- because he has all his money hidden away... Bush paid 30%. My friend who owns a bikeshop pays around 35% i believe. Hes not conservative- but hes voting for bush
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Isn't there a lesson about the economics of running a profitable business here? If you can't afford to pay two employees $7 an hour each, than you probably shouldn't be in business. It is not kerry's fault that your friend has very small margins.