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Obamanomics And The Jewish Deli Dilemma

LtScrounge Wrote: Feb 24, 2013 9:30 AM
Since S-corps, unlike the large corporations, don't pay income taxes. Their owners pay income taxes on their share of the profits. Since Obamao and the Democrats have raised personal income tax rates (as well as other taxes on small businesses) , the owners of S-Corps are losing their income. Since an S-corp can only have up to 5 share holders, that means that S-corp owners take it on the chin hard.

Did you hear the big news from the world of small business? Jewish delis are closing in both Los Angeles, and New York City.

The trend has been a long time in the making, especially in New York City where Jewish delis’s used to number in the thousands and now total less than one hundred. Yet the Los Angeles Times reported this “news” just this past week, and the details that the report included – and the details that were ignored– point to some far greater problems.

The article, written by Journalist Tiffany Hsu, notes that the decline of the...