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Matt, Noel !!! HEY NB'ers!!! 

Here's the link Rush used to DESTROY Obamas tax on Small Business!!!

http://www.patterico.com/2008/10/07/obamas-tax-plan-and-small-businesses/

READ IT...USE IT...PASS IT ON!!!

Ster.

Obama’s Tax Plan and Small Businesses

Filed under: 2008 Election — DRJ @ 10:25 pm

[Guest post by DRJ]

At tonight’s Town Hall Presidential debate, I think Barack Obama said this about his tax policies [EDIT: according to the CNN transcript]:

“Only a few percent of small businesses make more than $250,000 a year. So the vast majority of small businesses would get a tax cut under my plan.”

 

The US Small Business Administration (SBA) defines a “small business” according to its average annual receipts or the number of its employees. Here are examples from the SBA’s Table of Small Business Size Standards setting forth the maximum average annual receipts by industry that a business can have and still be classified as a small business:

Crop production of all types — $750,000
Animal production except for cattle & chicken/eggs — $750,000
Cattle feedlots — $2.5M
Chicken/egg production — $12.5M
Forestry & logging — $7M
Fishing — $4M
Irrigation, sewage, water supplies — $7M
Housing construction — $33.5M
Heavy and civil engineering construction — $33.5M
Dredging and cleanup — $20M
Concrete, framing, and other housing contractors — $14M
Car dealers — $23-29M
RV, motorcycle, & boat dealers — $7M
Furniture, hardware, clothing & sporting good stores — $7M
Electronic stores — $9M
Supermarkets, gas stations & department stores — $27M
Pharmacies — $7M

 

There are many more examples at the link. In addition, most of the industries in the Table — such as manufacturers of food, beverages, apparel, print, oil/gas, plastics, plumbing, machinery, computers, electronics, electrical, transportation, and furniture — are considered small businesses based on their total number of employees instead of average annual receipts. In those industries, the cut-off between small and large businesses ranges from 500-1,000 employees per business/industry.

It’s difficult for me to imagine a business that has 50 or more employees (let alone 500-1,000) that has receipts of less than $250,000 per year. And, given the SBA definitions of “small business,” it seems likely that many small businesses in a wide range of industries have receipts of more than $250,000 per year.

If so, it is appalling that Obama would imply that, if he is President, a small percentage of businesses exceed the $250,000 per year cut-off for increased taxation under his tax plan. In fact, the number of businesses subject to additional tax may be large and could well be the 50% number I think John McCain mentioned.

Small businesses are vital to the American economy and Americans’ livelihoods, and it sounds like Obama wants to tax as many as he possibly can.

– DRJ

[UPDATE BY KARL: Welcome Limbaugh Listeners!  Patterico, DRJ and WLS do fine blogging here, so please feel free to visit the home page and generally poke around the place.]

I'm so over Joe the P already. Could he do more media interviews?

 What ABCNews.com doesn't point out is that Joe might become unemployed under Obama's tax plan because his boss will no longer afford to employ Joe.

“Anybody gone into Whole Foods lately and see what they charge for arugula?  I mean, they’re charging a lot of money for this stuff.”

B.H. Obama

I came across a NY Times article, that presumed to "fact-check" the claims about Obama's plan, and how many businesses it will apply to. Check out this "analysis:" 

So will Americans who are in business for themselves have to pay more taxes if Mr. Obama is elected, as Mr. McCain asserted?

According to figures compiled by the Small Business Administration, there are fewer than six million small businesses that actually have payrolls. The rest are so-called nonemployer firms that report income from hobbies or freelance work done by their registered owners, earning as little as $1,000 a year.

Of these, according to a calculation by the independent, non-partisan Tax Policy Center, fewer than 700,000 taxpayers would have to pay higher taxes under Mr. Obama’s plan. But even some of these are not small-business owners in the traditional sense; they include lawyers, accountants and investors in real estate, all of them with incomes that put them in the top tax brackets.

So are there “millions more like Joe the Plumber,” as Mr. McCain contended? Probably not. Mr. Obama may well have been correct when he stated that “98 percent of small businesses make less than $250,000.”

Probably not? Obama may well have been correct ...?  What the hell kind of analysis is that? Obama said so, so he's probably right? How is that an independent fact check? 

But what really gets me is how they slide over the details. The article concedes (unintentionally undermining their argument) that the "98%" of small businesses includes paperboys and hobbyists. But the paperboys are just padding. Obama throws them in to make it seem that almost everyone will benefit, but that's misleading.

The small businesses that matter are the ones that provide jobs - and they're going to be hit by Obama. Our economy depends on businesses that employ 10, 20, maybe 50 people, and those almost all exceed $250k. Obama is counting the totals of businesses, but ignored the economic weight of each business. Never mind the fact that growing that $250k-plus category is the key to success. He's taxing the category in which we need to grow the most.

I am Joe Plumber.
Sarah is NOT going to let Joe Get Squashed by the Left without it costing them/Obama dearly. . . Sarah is not McCain.
Ohio will protect its own . . The Ohio SOS voter snafu is enough to sink the Dems. . . Joe pushes Ohio into the RED State category.

The Republican Revolution will not be Televised

Look, we all know that there is no way any of us are going to get a tax break under O's BS.

When a liberal is in charge, everyone is in danger of being hit with a higher tax rate, regardless of what a liberal says, their spendthrift policies demand as much money from public hands as possible.