Via Kevin Roose, meet the business owner who is so afraid of (and clueless about) marginal tax brackets that she thinks she'd be better off earning less money than entering the top marginal income bracket:
Kristina Collins, a chiropractor in McLean, Va., said she and her husband planned to closely monitor the business income from their joint practice to avoid crossing the income threshold for higher taxes outlined by President Obama on earnings above $200,000 for individuals and $250,000 for couples.Ms. Collins said she felt torn by being near the cutoff line and disappointed that federal tax policy was providing a disincentive to keep expanding a business she founded in 1998.“If we’re really close and it’s near the end-year, maybe we’ll just close down for a while and go on vacation,” she said.
this is a reprint of an earlier post by me i think it relevant to this,
employers are gnat crap without employees they have a vested interest in their health and welfare of those employed to advance teir business, if they don't want to pay this or that to that end then"we the people" suffer as consumers of that product.
i think it's abunch of BS all the rants about "i'll fire people" "i'll close up" and what make no money go back to work for someone else because to insure your business prevails you have insure the vehicle that gets you there and you make a few dollars less? a few dollars less is a longshot from half a business or none at all stupid attempt to protest.
as a former business owner i knew you have to spend it to make it cost of doing business, fire competent staff for low cost labor does not save money. your product suffers, reliablity dissapears and you cheap yourself out of business.
chain goes you, employees, consumers, break the chain and you can go talk to the hand cause it was all about you.
The thing that this chiropractor doesn't seem to understand is that the top marginal tax rate only applies to income earned in excess of $250,000 (or $200,000 for single filers). Under President Obama's plan, the top marginal tax rate will go up by 4.6 percent. That means if she and her husband earn $350,000 in taxable income, their taxes would be $4,600 higher under Obama's plan than under current policy. The only thing that gets taxed at a higher rate is the $100,000 in taxable income they earn above $250,000.
are these people products of Fox viewership? how many times has that been reported?
