Last edited by MoSurveyor; 02-23-12 at 01:18 PM.
Mt. Rushmore: Three surveyors and some other guy.
Life goes on within you and without you. -Harrison
Hear the echoes of the centuries, Power isn't all that money buys. -Peart
After you learn quantum mechanics you're never really the same again. -Weinberg
Or, if they do incorporate, they incorporate as an LLC, which passes tax attributes directly on to the individual return(s). I have a small business that is an incorporated LLC. The reporting and resultant taxes are on 1040 and paid by me personally. As such, I and other LLC owners are unaffected by changes to the corporate tax rate.
Some small businesses are unincorporated, but no where near, "alot". It doesn't take long for a business to find out how much the government is raping them, because they're not incorporated.
They're still deductions of the cost of doing business. If you remove some of those deductions, you will raise a businesses tax bill, incorporated, or not.So no, this won't affect small businesses very much, because they usually don't incorporate. [b]Most of the numbers you've posted in this thread are likely to be the dealings of an unincorporated small business,
Do you have any clue what the "C" in "LLC" stands for?that will either be simply directly owned by a person or a partnership, or perhaps an LLC. Neither of those are corporations.
Obama supporters just don't have a clue. I guess that's why they're Obama supporters.Small businesses are almost totally unaffected by corporate taxes.
an LLC, general or limited partnership, nor a proprietorship will properly file as a C or subchapter S corporation. why, you ask? because they have elected one of those alternative organizational forms
how do you know the deductions lost will exceed the savings resulting from the reduced tax rate?If you remove deductions, it will mean a larger tax bill.
that's a rhetorical question. you don't know
i do realize that does not prevent you from spreading bull ****