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Old 11-08-2012, 08:56 AM  
96ukssob
So Fucking Banananananas
 
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Join Date: Mar 2003
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Quote:
Originally Posted by Ed Hammer View Post
I was reading through a post about Minte, I'm surprised how many people are saying that no matter who is the president it doesn't make a difference on starting or expanding your business. I was planning on opening a few small businesses this year. When you factor in how much money and time you put into opening a business and how long it usually takes to turn a profit, It all makes it difficult. When you add onto that a 56% tax rate It no longer becomes worth the risk

So many small businesses just barley make it by, I'm guessing a lot of them will be pushed over the edge with this.

Edit: I know it isn't many, but that is at least 3 new jobs that won't be added to the Country. and every job makes a difference.
What 56% tax rate are you talking about?

I'm taxed at the standard rate of about 30% for income, then 14% for capital gains.
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