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To: Phantom Lord

Here's one example in particular:

Kerry claims that his $200k/yr tax cut repeal will not affect those small business owners that make >$200k so long as they hire extra workers making a certain amount of money.

For instance, he claims that a small business owner making $500k who hires 4 additional workers per year at a $50k/year salary will receive a $2,969 tax cut.

However, therein lies the problem: 4 * $50,000 = $200,000/yr in new expenses for the business! $2,969 is hardly an offset of that.

In summary, a $3k/yr tax cut hardly offsets an additional $50k/yr in payroll expense.


7 posted on 10/20/2004 8:02:02 AM PDT by TBarnett34 (Funkmaster Unnngh!)
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To: TBarnett34

http://www.johnkerry.com/pdf/economic_plan.pdf

page 8 & 9 maybe?


8 posted on 10/20/2004 8:34:33 AM PDT by Mortikhi
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