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Politics : Politics for Pros- moderated

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To: Nadine Carroll who wrote (315012)	7/16/2009 5:24:24 AM
From: Neeka	2 Recommendations Read Replies (2) of 793916

They are calling it a "surcharge" rather than a tax, but in my mind they're all the same. The new bill that "Slaps (a) 5.4% Tax on Top Earners" includes us since we are a Subchapter S corp and are required by law to report profits as personal income. Even still, this surely applies to all small business's. The definition of "Top Earner" or "rich" or "wealthy" is pretty much anyone who earns a living running even a marginally successful business according the the "Ds." We'll just have to make sure our business doesn't earn (after deductions) more than $279,000 a yr. I don't doubt many folks are thinking the same thing. Kind of puts a damper on expansion. Message 25783633 P.S. "Top Earners" includes small corporations, not just individuals.

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