Friday, December 3, 2010

Will ending Bush tax cuts hurt small business? -

It's hard to find the facts about all of these taxes. I started searching tonight for information as to how much taxes would be generated if the Bush tax cuts for single people earning 200k or couples earning 250k per year. Well I couldn't find a number, but I did find an interesting article that debunks the assumption that the 250k earners are made up of "50% of all small business owners". Once again, common sense rules the day. It would seem that 98% of all small businesses have an adjusted gross annual income less than 250k. This does not mean yearly sales, we are talking adjusted gross income.

I love watching Bill O'reilly and keeping up with what the Right wants us to believe. His is not a news show, even though it is broadcast on a cable news channel. He pretends to be a journalist but he's actually nothing more than an entertainment talk show host. He takes creative liberty with the news on many occasions. How does he get away with this. Simple, he presents a story that is much more appealling than the obvious.


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