I got an email telling me this thread I commented on 2 years ago had a new reply and just so happen to be a small business owner who’s also a progressive/liberal. I live in Texas to boot. I’m 100% behind the Obama tax plan as laid out in his 2008 campaign. My small business would get a tax cut under that proposed plan, but I’d just settle for the big dogs to get a tax hike the way things are going.

And calling liberals somehow “non-human” as implied by the lack of biological mothers is really just beneath you anyway. I don’t doubt that you’re an intelligent person (or that you do/did in fact also have a mother), although I would suggest you spell “nurture” correctly next time you impune someone’s intelligence. I mean there’s only one word separating “nurchered” from “logic thinking”.

SCorp and LLC’s are other forms of small business structures where the individual is “LIABLE”
for all taxes. This a “Joke”

The biggest problem with drilling here is that OPEC can just as easily offset our production by lowering theirs, increasing the price of oil back up to the levels they like, and since their market share would be less, they’ll have to increase it further than current levels in order to make the same money. The only person that wins is Chevron who gets to cut into OPECs profits for themselves. That’s better than nothing, but still doesn’t help the citizen one bit. Therefore, while we have this wave of public outrage, lets go ahead and make a major shift in the way we use energy that sets us up for long term prosperity and severs our ties to “countries that don’t like us very much”.

If we dump all of the big oil subsidies into solar energy, wind farms, and 100+ MPG cars, we become the major renewable power player for the 21st century, which many economists predict will overtake the automobile industry as the backbone of the next hundred years and put us squarely in the lead again globally.

Plus, if we put the money into these fields, we can get past the Prius and on to something more like that Tesla sports car. I’d like to be fuel efficient, but until they make something with the same kind of torque as my 12 MPG pickup, I’m sticking with dirty.

Actually, after asking I did a search and found this. I guess I know why now.
http://article.nationalreview.com/?q=N2M4NzNkMDQ4YjZjZjFkZWE4YWJjODUzMDZiYTcyOWM=

And of course, who knows what tax plan will actually come out of Congress in the end.

That doesn’t actually change my point, however, since a trucker’s household with adjusted gross income of $150k, and itemized deductions in of 50% of his income, would a) receive a $3924 tax cut (married filing jointly/1 earner/2 dependents) or $4427 tax cut (married filing jointly/2 earner/2 dependents), would b) have taxable income of only $61,400 (derivation: 50% of $150,000 is $75,000, minus four exemptions each worth $3400, or $13,600), and c) would receive back a tax refund of about $24,000 (after the tax cut was applied to the initial taxes – in 2007 it would have been $27680)

Furthermore, the trucker in this hypothetical would have paid in $36,112 over the course of the year (without Obama’s tax cut, according to the IRS Rate tables for 2007). That’s about $3,010 per month. Obama’s tax cut would reduce that by about $327 per month, improving the trucker’s monthly cash flow significantly.