Excuse me if I am being a little naive...but it infuriates me that the Democrats are letting the Tea Partiers get away with calling someone who takes home over $250k a job creator or small business. COULD SOMEONE PLEASE EXPLAIN IT TO ME? Or explain why the Dems aren't pushing back? This is how I see it:
How is taxing someone making over $250k a year going to "destroy" small business or a job creator?
Don't we only tax income on small business on their profits AFTER expenses (i.e. net income)? So if someone makes over $250k/year, then it is PURE PROFIT? Republicans say that it will hamper growth to tax anyone making $250k in pure profit, BUT if that small business used that money to grow the business (let's say they put in $50k into opening a new store), then that money is SUBTRACTED from your net profit and therefore they would only be taxed on $200k and therefore be getting a tax cut under Obama's plan?!!?
I just don't get how taxing someone who is making over $250k net profit a few percentage more is going to KILL job creators! THAT IS NET PROFIT PEOPLE! That is a pretty good income and in the very top tier of wage earners.
I can only come to conclusion that Republicans are going to hold middle class tax cuts for the other 99% hostage so their $250k a year NET income friends can keep a few extra thousand bucks.
Please correct me if I am wrong.
