President Barack Obama Message Board

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Politics : President Barack Obama

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To: Little Joe who wrote (38403)	10/16/2008 11:08:21 AM
From: cirrus	Read Replies (3) of 149317

Gee. help me out here. Every dollar paid out in wages is a 100% deductible business expense. Every dollar invested in services, supplies and whatever to expand is 100% tax deductible. Taxes are paid on NET profit... what's left AFTER business expenses. How is it that Joe has to pay his taxes BEFORE he can afford to hire a new employees or expand? Is the tax code different for plumbers? The point you are missing is that under Obama's plan Joe pays additional taxes and that money does not go into hiring new employees and expanding his business.

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