Comments on: Chart: How 5.4% Surtax Hits Small Business, State by State

By: Orlando Political Press » Blog Archive » Socialism on the Rise: A Nation in Crisis

Tue, 24 Aug 2010 02:56:50 +0000

[...] 11. McIntyre, Ken. “How 5.4% Surtax Hits Small Business, State by State.” The Foundry. The Heritage Foundation, 23 July 2009. Web. 6 Aug. 2009. http://www.foundry.org/2009/07/23/chart-how-54-surtax-hits-small-business-state-by-state/ [...]

By: William, Dallas

William, Dallas — Tue, 04 Aug 2009 14:30:43 +0000

Jeffery,

Assuming this is a pass-through entity (S-corp or Partnership or LLC), the surtax would be on your taxable income, which would be $600,000 (400,000 profit from business and $200,000 in wages.) Of course, your taxable income would be after itemized deductions.

By: jeffrey wolk, moraga

jeffrey wolk, moraga — Sat, 01 Aug 2009 16:58:44 +0000

I am confused. Let us say that I have incorporated my business and I have $1,000,000 in sales, $600,000 in expenses which includes a salary to me of $200,000 and $400,000 in net income. How would my business be taxed? Would my business be taxed at the $1,000,000 level or the $400,000 level? or something else? Thanks

By: Fix Health Care Policy | Top 10 Reasons Obama's Health Care Plan Is Wrong for America

Thu, 30 Jul 2009 19:50:24 +0000

[...] Higher Taxes Than Europe Hurt Small Businesses: A proposed surtax on the wealthy will actually hit hundreds of thousands of small business owners who are dealing with a recession. If it is enacted, America’s top earners and job creators will [...]

By: PhilMB from Broomall

PhilMB from Broomall — Fri, 24 Jul 2009 17:58:15 +0000

I agree with Daryl – nothing done to either the current system or through ObamaCare will resolve the problems. Things that would 'fix' most of the problems will never get passed: Tort Reform – where the "Officers of the Court" are penalized heavily for bogus suits they bring where it is cheaper to settle than litigate; Elimination of Health Maintenance coverage from what should be Catastrophic Health Insurance; and Recognition that not everyone reacts the same way to a medication or medical procedure – Medicine an art, not a cast-in-stone formula. ObamaCare is a jack-hammer to the foundation of our society, let's shut it down, permanently.

By: Obamacare: Impact on Small Biz « CATinDC

Obamacare: Impact on Small Biz « CATinDC — Fri, 24 Jul 2009 15:28:23 +0000

[...] Chart: How 5.4% Surtax Hits Small Business, State by State [...]

By: Daryl from Manheim,

Daryl from Manheim, — Fri, 24 Jul 2009 14:17:48 +0000

Curing what ails the health care system will never be accomplished by the government, nor will it be accomplished by insurance companies. Costs will continue to skyrocket no matter what either entity tries to accomplish. The only way to reign in health care cost is to ELIMINATE ALL THIRD PARTY PAYMENTS. Only when people have to foot the bill themselves will they get off their large calorie-induced lard asses and get back to exercising away MOST physical ailments. Dishwashers, remote controls, air-conditioning, home theaters, and all the other modern conveniences have turn this country into a weak, wimpy, crybaby nation that expects government to take care of all their frustrations of life. 95% of this countries citizens would rather be under socialist rule than physically fight for freedom and independence. I'm sorry Mr. Jefferson, we failed you and your American Revolutionists.

By: www.SBABG.org, Arizo

www.SBABG.org, Arizo — Thu, 23 Jul 2009 21:53:29 +0000

April, YOu could also check out another plan, the Health Care Freedom Plan proposed by Jim Demint. It's far better than the Obama Plan. http://demint.senate.gov/public/index.cfm?Fuseact... Again, why haven't you heard about these? The Media? The President's lying about it? Failure to look into the issue? www.sbabg.org

By: www.SBABG.org, Arizo

www.SBABG.org, Arizo — Thu, 23 Jul 2009 21:47:56 +0000

Hi April, I'm glad you asked. If you werelistening to the President, you'd think there weren't any other proposals. of course, you'd be listening to a lie, but he's good at that isn't he now. A better plan has been proposed called The Patient's Choice Act. See: http://www.house.gov/ryan/PCA/ Of course, the president likes to ignore it, as do his Big Government cronies in congress, they much prefer to spin their lie as they as the acting do-gooders and everyone else as lazy folks who sit around and do nothing. Write your rep and ask her or him to explain his/her stance on The Patient's Choice Act. www.sbabg.org

By: mlgreen8753

mlgreen8753 — Thu, 23 Jul 2009 21:40:00 +0000

I've been hearing a lot about this. Small businesses are just going to have to do what they always do…take the hit and find an intelligent way to adapt to these changes. Cut expenses in offline advertising and go online to sites like Adwido.