Tish6 Wrote:
Aug 07, 2012 4:51 PM
Correction...he isn't taxing the GROSS Income, he wants to Tax the Net Income...on S-Corporations, Partnerships, and Sole Proprietors. So while he is taxing those who have net income on over 250,000...he hasn't figured out that for the most part, people don't walk out with that money in their pockets....that 250,000 is not a salary...it is not used for them personally...it is used to buy better equipment, hire somebody, donate to a cause of their choosing. It doesn't stay in that owners pocket...not if they want to stay in business it doesn't.