Politicastrophy

Here's the link to the poll results that I just read:
Poll: Small Businesses Leaning Towards Obama by 11 Points - Yahoo! News

I was a little confused by the debate last night when Palin mentioned small businesses would feel a tax crunch if Obama gets elected.

Does anybody here know the details of Obama's tax plan in relation to small business?

Yakk

I think Pallin was implying that small businesses that make more than 250,000$ a year profit end up being counted as income, and have a higher tax rate under the Obama plan than under the McCain plan?

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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.

Glory's Sun

basically.. polls mean nothing..

however, Palin was trying to attack Obama in saying that most small businesses would fall into his tax hike, which Biden retorted that 95% of small businesses do not make that much and would hence be safe under his proposed tax plan.

Obama's tax plan calls for a tax break for anyone making under that dollar figure.

thingstodo

It means that most small business owners understand that Palin was full of crap when she said most would feel a tax increase since most don't make $250K+. That was probably the dumbest thing she said since it involves simple math. I questioned her statement when I first heard it because I didn't think most small business owners would make that much.

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ratbastid

Since the Palin debate performance, it's been clear: if it comes out of her mouth and it's about Obama, it's probably about 5% factual.

asaris

Remember, factcheck.org is your friend. It's non-partisan and usually correct.

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"The Germans believe that power must reveal itself in hardness and cruelty and then submit themselves gladly and with admiration[...]. They do not believe readily that there is power in meekness and calm."

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