An Example of How Obama Will Kill Small Businesses

Case in point:

Now Joe, as someone whose been there, let me tell you how this works, though I think you have a good idea. At the end of the year, as an LLC, I do file taxes with the business profit on my personal returns like many of others do as well. And yes, that figure is much bigger than 250 thousand. But that's not really MY MONEY to keep. It's how I underpin my business. When customers disappear or take their time paying bills, I still have to pay my employees, rent, suppliers, and countless other expenses. Every penny that the tax man takes out of that profit is less money that I have to carry forward to stay in business for the next year. And if Obama and Reid and Pelosi take more of this by "raising taxes on the rich" then of course my business will suffer. And so will all the employees.


This is exactly what almost none of those lawyers turned polticians understand.


But of course, you will have to send tax money into the government, Joe, because the man who is in charge of spending that money -- Charlie Rangel -- damned sure wasn't paying his fair share as we know now. Get out that checkbook.


Of course, all of this matters only if you can afford to fill your plumbing vans with gas at gosh knows what price. It could be that the recession will lower the gas price, but that's not terribly good news for you either, since customers don't spend as much money in a recession. I mean, I hate to burst your bubble, but small business owners are surrounded by a sea of challenges outside their control and almost all of them are caused by liberalism. Government has formed a business firing squad and it's a doggone circle!


I wish you well, guy. You might just have the genius and persistence to pull this off. I really do hope so. As for me, I have had enough. I have fought creeping liberalism and managed to eake out more wins than losses over 17 years. We have progressed to where our business, now a corporation, is big enough so that Obama and his ilk now have their own ideas about "what larger businesses can afford" and what "corporations can afford."


Well I've got news for him. I cannot afford what they think I can afford, so I am breaking her up and giving her away to some key employees. I wish them well too. They are like you, tough and smart. Perhaps if they stay small enough and never can carry forward more than 250 thou to the next year, they will be allowed to keep their businesses through a downturn.


As for me? I'm outta here.

But no worries---I'm sure the Democrats headed to the unemployment lines will get government jobs in return while "the rich" get soaked.