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To: Free ThinkerNY

Meanwhile, small businesses paying the personal income tax rate on earnings (Sub S corp., LLC) will pay 39% on income over $200,000. But, that’s okay, because according to Obama, those businesses don’t exist.


4 posted on 02/21/2012 10:26:16 PM PST by Avid Coug
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To: Avid Coug

Keep in mind that the shareholders of a corporation pay another 15% on top of whatever the corporate tax rate is. It is double taxation because the corporation does not get to deduct the dividends as a business expense.


10 posted on 02/22/2012 1:12:35 AM PST by Kellis91789 (The ultimate result of shielding men from the effects of folly is to fill the world with fools.)
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