SOCIAL SECURITY TAXES
Right now an employer has to pay BOTH sides of the Social Security tax on himself. Workers only pay half,
their share!
Obama wants to raise the 12% we small business owners pay on the first $102,000 of our incomes to $250,000
or MORE!
For any small business that makes $250,000 in income this is a $18,000 PER YEAR additional TAX!
This will further reduce new jobs, investment spending toward the company and possibly cause some employees
to be FIRED.
The money has to come from SOMEPLACE! Democrats seem to think money grows on trees!
Now Obama said this ADDITIONAL tax by raising the cap may be up to $500,000 of income.
So for those like me that will mean $47,760 MORE taxes each year.
This will DEFINITELY cause FEWER NEW JOBS!
CAPITAL GAINS TAXES
This may be Obama's WORST policy. Did you know that under the lower 15% capital gains tax rates that MORE
TAXES WERE COLLECTED by the IRS than under the old 28% tax?
Even though Obama has been TOLD this he STILL wants to raise this tax.
What it will do is tax any profits you make on your retirement accounts, savings accounts, and college
savings accounts for your kids. Because you will pay nearly DOUBLE the taxes you will have MUCH LESS MONEY
for retirement due to the effects of COMPOUNDING!
What this will also do is reduce money INVESTED IN AMERICA which means fewer new businesses, and FAR FEWER
JOBS.
Summary: Fewer new businesses, less growth, definitely fewer jobs and also some firings due to this!









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