Small business owners
Nov. 5th, 2008 09:26 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
petmoosieI am hearing about proposed tax rates and small businesses at risk under Obama.
The tax rates as proposed don't endanger as many small businesses as claimed. See this. The number of small businesses in the US is greatly exaggerated. Most are not self-supporting.
The layoffs of the '80s and early '90s made going into business for yourself a very attractive idea for job security and flexibility. A lot of the sideline small businesses are someone's dream of being free of "the man". Tax rates that kick in at $200,000 are not going to stop people from dreaming that.
Now, the financial bailout, the changes in state taxes with the recession, and the general poor state of the economy will make more of these sidelines unprofitable. There will be fewer small businesses (whether self-supporting or not) in the next four years. But the cause of that is not this presidential election.
This is sparked by comments from someone who runs a NASCAR racing team---as their full-time job. The carbon emissions alone are blowing my mind--but that is a subject for another post.
The tax rates as proposed don't endanger as many small businesses as claimed. See this. The number of small businesses in the US is greatly exaggerated. Most are not self-supporting.
The layoffs of the '80s and early '90s made going into business for yourself a very attractive idea for job security and flexibility. A lot of the sideline small businesses are someone's dream of being free of "the man". Tax rates that kick in at $200,000 are not going to stop people from dreaming that.
Now, the financial bailout, the changes in state taxes with the recession, and the general poor state of the economy will make more of these sidelines unprofitable. There will be fewer small businesses (whether self-supporting or not) in the next four years. But the cause of that is not this presidential election.
This is sparked by comments from someone who runs a NASCAR racing team---as their full-time job. The carbon emissions alone are blowing my mind--but that is a subject for another post.
