Homestead mailing list

["Lynda" <lurine AT softcom.net>]

Now, James!  Shame on you.  You are only going to get a C on this 
assignment.  You didn't continue your math to the final conclusion. <g>

You needed to continue with the part of the equation that estimates that 
from 30-40% of the 5% will have to lay off from 10-50% of their staff which 
will reduce the taxed base to less than 50%.

Lynda
----- Original Message ----- 
From: <Clansgian AT wmconnect.com>
> THey keep repeating it because the lie that keeps being repeated is that
> every independent fact-checker agrees that Obama's plan would reduce 
> taxes....
>
> The numbers go something like this, while it is true that some 95% of all
> small businesses gross less than $250,000 a year, those business 
> altogether
> employ less than 10% of all workers.  More than 90% of the workers are 
> employed by
> about 5% of business.  That 5% of businesses face huge tax increases under
> Obama and so will have to reduce the wages or fire many thousands of 
> empolyees,
> the only way to make up for the increased tax burden.
>
> Those 'fact-checkers' are suspect from the get go when Obama clearly 
> promises
> to reduce taxes for 95% of individuals when 40% of those individuals don't
> pay any income tax to begin with.  How is it he is going to reduce the 
> taxes for
> 95% of the people when only 60% of them pay any income tax at all?