I like the tax plan laid out by Obama, people who make over 250,000 can stand a bump in taxes... What about you????

Counterproductive. Most are small business owners and will only lay off workers to compensate. That's exactly how I will advise my clients, too.

It doesn't matter really. Do you think the government taking more of our money is going to solve anything? It hasn't in the past as far as I can tell.

Sounds like jealousy to me, I bet you would be singing a different tune if you made that much money.

That's exactly what it is, RT. You nailed it.

I would like to see if a change from W.Bush's system works better for me. And I know McCain is going to stick with the Bush tax cuts and I would like to see the people who do labor for a living get a break.....

See thing is knowing how I feel now, if I ever earn money like that I would be glad to pay a little more....

This is what will happen there:

Corporations, small businesses, and "rich" people will be paying more taxes than ever before.

"Rich" people can probably handle it. Small businesses will feel an extreemly heavy burden. Prices for the goods and services offered by these businesses will have to increase to cover the losses. Many will be forced to make dramatic personell cutbacks, putting more and more people into the bottom tax bracket.

Those under that majic number 250MM will find themselves paying more and more for their day-to-day living expenses, but they will not be making any more money. In fact, they will likely be making less because we will inevitably see a drop in the aggregate salary level for the nation.

It looks like a great deal for the working man, but the fact is that if you look at it from a wide angle, it will really hurt the nation.

Want to know what business are going to be hurt (or what products/services will have skyrocketing prices)?

grocery stores
local banks
fast food restarants
tackle shops
gas stations
car dealerships
mechanic shops
pretty much everyone else in your local yellow pages

I know that you've bought into that line about how its just fair. But in reality, it is socialism. Historically, socialism has NEVER worked in the long run.

Well, at least you have a reasonable opinion, I'll give you that. But I don't agree that people under 250k are the only ones doing the labor. I'll be taxed to the hilt under his plan because I own a business. I can promise you I do more work and carry more burden than my employee's do.

Sounds like a great idea. Tax the people who are most productive to support the people who are the least productive.

Amen to that.
There are two kinds of workers:
Work creators and work processors.

Usually the creators can work circles around the processors. That's how they made it to the top.

Obama tax plan

could not be any worse.

he wants to tax business' to death, creating job loss, companies leaving the US, which will RAISE the cost of everything

so you might get your little 3-5% tax cut as a middle class, but you will pay out the nose for everything else...you will come worse off than before.....that is if you still have a job!

I wonder what would happen if all the "rich" suddenly decide to fold their businesses, sell their stocks and simply draw down their money without earning another dime?

They'd pay No taxes....and there would be NO jobs.

When I get to that point, where I can either draw tax free income or use a sinking fund, I guarantee that's exactly what I'll do. I wont pay a dime more as long as I live, when that day comes.

Obama is going to let the Bush tax cuts end, that raises taxes on the working middle class, all of them, not those over $250,000.00.
I am a small business owner, and my business makes over $250,000.00, I don't, my business taxes are going to increase, I am going to be forced to pay for health insurance that I can't afford. My only option is to lay off my help and do the work myself! I will not produce as much work and there WILL be more unemployed!

Hey you guys say that but the workers see it another way....

Who are these "workers"? Are they some other race because last I checked, I was working too.

95% tax cut for All Americans....BIG LIE!!!!! But its buying votes....the sheeple will follow him, because he sells the lie....

Its like walking into a car dealership and paying MSRP on a car, because the smooth talking salesman convinces you thats the best price....

I know a few car salesman.......there are tons of idiots who will pay the window sticker price.....these are the people who believe Obamas tax plan will help them!

I've been in both boats, so to speak, a worker and a business owner...I saw how hard my parents worked when they owned their own business and I copied their work ethic (that's one thing my father did know how to do)...If a person is envious of another, that truly is a personal issue, not something the business owner created.

Well said my friend.

If you own a small business, I am your best friend.

But Obama is your worst enemy.

I like stickin' it to the rich man! I bet that'll teach the next guy who tries to become wealthy to settle into a nice mediocre job, instead of striving for more. I believe the wealthy should not only take up all the slack, but that they should also give us a percentage of their 401k growth!! And, the politicians should be able to have more power so that we don't mess up....ever, even if it means not learning from our mistakes.

your sarcasm is well noted ...the worst part is there are people that think like that!

What happened to the Palin thread? Did someone get ugly ?
Hope is wasnt me.