Monday, November 08, 2010

Small business and tax bracket

let's take a look.

"Of the 15.5 million individuals whose primary ocupation was self-employment (incorporated and unincorporated), the median personal marginal federal tax rate was 10 percent in 2008. Only 4.1 percent of the self-employed were in the marginal tax bracket of 33 percent or more."

Source: US Dept of Commerce, Census Bureau, Current Population Survey, March Supplement (special tabulation).

So I ask you, do rich people (>$200,000/yr) own small business?

Fact: Small business generate the most new jobs.
Fact: Most small business owners are not "rich".

Conclusion:
If the tax cuts for people earning more than $250,000/yr are allowed to expire, there will be minimal impact on small business, because a majority of the owners of those businesses will not be effected by the tax "increase".

Is this correct? Am I missing something?

No comments:

Labels

JoJoBrand (15) poem (13) book (7) my_head (7) song (7) china (6) morning (5) music (5) running (5) Tax (4) cut (4) mountain (4) obama (4) video (4) beer (3) blog (3) bus (3) democracy (3) evolution (3) idea (3) killing (3) life (3) list (3) living (3) memory (3) movie (3) moving (3) natural selection (3) old (3) politic (3) reflection (3) story (3) time (3) 1984 (2) 2007 (2) AI (2) Deutsch (2) Doris Lessing (2) Jesus (2) Love Songs (2) MLK (2) New York Times (2) The Golden Notebook (2) Tricky (2) append (2) bible (2) break (2) cage (2) coal (2) corporation (2) craptastic (2) drinking (2) early childhood (2) gaussian distribution (2) german (2) god (2) india (2) job (2) king (2) knee (2) leader (2) loop (2) magic (2) marathon (2) marlene (2) me (2) modernism (2) my_life (2) my_story (2) network (2) poor (2) rate (2) russia (2) sun (2) taxi (2) us (2) vietnam (2) voting (2) waiting (2) war (2) wind (2) work (2) 1986 (1) 2005 (1) 2006 (1) 2008 (1) 2009 (1) 2010 (1) AP (1) Aeolus (1) BASIC (1) CEO (1) CIA (1) Canoga Park (1) Christ's Childhood Pal (1) David Brin (1) Deutschland (1) Emperor (1) Frankfurt (1) GDP (1) GGS (1) Guns Germs and Steel (1) Hahnenkampf (1) ITB (1) JB3 (1) Joshua (1) Kampf (1) Lamb (1) Lamb: The Gospel According to Biff (1) Mary Kelly (1) Matthew (1) McConnell (1) Mrs Dalloway (1) Olivia_Newton_John (1) PB (1) PE (1) Peace (1) R and D (1) Rand (1) Raskolniko (1) Robert Heinlein (1) Roman Empire (1) Star_Child (1) Tarzana (1) Taxi Driver (1) Tod (1) Tom Rohloff (1) UCOR (1) WOPR (1) War Games (1) YouTube (1) aasif mandvi (1) abortion (1) aging (1) aikido (1) airplane (1) alien (1) alive (1) anda (1) anthropology (1) arabian nights (1) army (1) arrogant (1) artifact (1) artin (1) artist (1) autism (1) bbq (1) biology (1) bioweapon (1) bird (1) blur (1) bock (1) bogus (1) books (1) bread (1) brutalen (1) buddhist (1) burning (1) cabal (1) caramel (1) carp (1) cat stevens (1) catfish (1) center (1) change (1) chassis (1) chemical brothers (1) chess (1) chicago (1) chicken (1) children (1) christ (1) clone (1) cloud (1) coal miner (1) cockfight (1) cog (1) cold (1) commandments (1) comment (1) communism (1) conflict (1) consensus (1) conspiracy (1) consumer (1) context (1) cooperativity (1) copyright (1) cost (1) coup (1) coup guatemala CIA corporation greed communism (1) covenant (1) creation (1) crystal (1) cycle (1) dancing (1) darkies (1) death (1) december (1) decision (1) decision making (1) dietrich (1) dizziness (1) dostoevsky (1) dream (1) driftwood (1) drink (1) dying (1) ebay (1) eddy (1) egypt (1) elisa (1) endrun (1) everyone (1) evil (1) existence (1) existentialism (1) extension (1) extinction (1) family (1) fear (1) fiction (1) finisher (1) fire (1) flag (1) flight (1) flow (1) food (1) football (1) forgot (1) fountainhead (1) fragment (1) free trade (1) freiheit (1) future (1) games (1) gaza (1) generic (1) ghost (1) gigolo (1) girlfriend (1) governance (1) greed (1) green (1) growth (1) guantanamo (1) guatemala (1) guido (1) guttenberg (1) half-marathon (1) hate (1) hazlewood (1) help (1) hidden (1) humanity (1) hunter (1) ideal (1) idle (1) immolation (1) inheritance (1) insight (1) jabberwock (1) jinn (1) jojobrand3 (1) journal (1) kentucky (1) korea (1) labor (1) language (1) laundry (1) law (1) learning (1) leaving (1) lee (1) left (1) lesson (1) liberty (1) line 5 (1) link (1) lives (1) lolita (1) love (1) loveletting (1) lyrics (1) machine (1) madame nhu (1) man (1) manna (1) marginal (1) marginot line (1) marlene dietrich (1) matrix (1) maudlin (1) may (1) meaning (1) meek (1) mice (1) miner (1) modeling (1) modern world (1) monday (1) money (1) monk (1) monster (1) move (1) movement (1) murder (1) myself (1) nancy (1) nass (1) neuroscience (1) new (1) noFog (1) norms (1) oasis (1) office (1) oil (1) orange (1) past (1) pawnbroker (1) penitent (1) people (1) per_capital_income wealth distribution (1) picture (1) pictures (1) pink-floyd (1) plagarism (1) plastic (1) population (1) prefix (1) prick (1) private (1) problems (1) procrastination (1) public (1) putin (1) quick (1) race (1) random (1) reader (1) remembering (1) restructuring (1) reverend al sharpton (1) review (1) revised (1) revolution (1) rigged (1) robert redford (1) roger staubach (1) room (1) rules (1) scam (1) scare (1) schwarzfahren (1) science (1) secret (1) sector (1) service (1) shadow (1) sharp (1) shirt (1) shitting (1) shock (1) short (1) shower (1) sinatra (1) singularity (1) slice (1) slip-thoughts (1) small business (1) small group (1) smart (1) smoking (1) social (1) soda (1) spam (1) spending (1) sport (1) sprechen (1) state (1) steel (1) straight (1) stream (1) structural (1) stupid (1) subsidies (1) sucks (1) sugababes (1) sum (1) summation (1) supersaturate (1) syncing (1) syria (1) the daily show (1) the natural (1) theme (1) thinking (1) thought (1) threshold (1) ticket (1) toothpaste (1) translation (1) trinken (1) trip (1) typewriter (1) tödlich (1) u (1) uninteresting (1) vacation (1) vector (1) violence (1) violin (1) vishnu (1) walk (1) water (1) welfare (1) wild world (1) wine (1) women (1) word (1) writing (1) youth (1) 中国 (1) (1)