We're supposed to be shocked that Obama is a hard core socialist bent on wealth redistribution?

The only thing shocking to me in this farce, is the sheer number of people willing to enable this THIEF.

Obama's proposed rates on the rich are lower than there were under the Nixon administration. To call this proposal a theft is to cry entitlement.

Sally, Tax growth was lowest under Nixon than any President besides G.H.W. Bush since before FDR (I don't know about Clinton, and W., I couldn't find info that included them).

There is no question that Obama wants them to go up. I'll take Nixon's approach on taxes over Obama's any day.

You can't fairly compare absolute rates, because they were dealing with different rates going into their term. Point is, if you lower rates, (to a point that we're nowhere near) you increase revenues.

Hmmm... and here I always thought that Nixon was a Bad Man. Now we find out that on taxes, he was the John the Baptist to Obama's Messiah.

Amazing the logical pretzels Obamamaniacs will twist themselves into.

When I had a small business, as taxes increased I stopped hiring and readjusted our health plan to a less generous one. Our market share stagnated but I refused to work 16 hours a day instead of my usual 12-14. People I had wanted to hire had to stay in crumby jobs and earn less. Small business looks like easy picking to socialists like Obama, since it has little concerted political force to oppose them. In France now the total tax on small business is almost 62%. Younger employees have no chance of advancement or starting their own business so they emigrate.Their bosses have no capital to expand. No wonder 90% of French mothers thnk a govt job is the best thing for their children. Obama's parents probably thought the same.

That Nixon was SUCH a socialist, with his wage and price controls (even though he only did it to mollify the Demoncrats in Congress, and to satisfy the demands of the majority of the American people who were upset about spiralling inflation. But since when does satisfying the stupid majority of the population have anything to do with democracy?)

Even Nixon didn't have the U.S. government take over banks. It's all BHO's fault that this happened, even though he's not president. Thank God McCain doesn't want to do anything socialistic like having the government own the banks. Or is it the other way around?

Obama's proposed rates on the rich are lower than there were under the Nixon administration. To call this proposal a theft is to cry entitlement.

Ah, the dangers of a little knowledge. May I introduce you to the Tax Reform Act of 1986. Anyone besides me remember being able to deduct credit card and car loan interest? In addition to lowering rates and eliminating deductions, TRA '86 was likely instrumental in exacerbating(if not causing) the S&L Crisis of the late 80's.

Since TRA '86, every administration after Reagan's until GWB has increased the marginal rates. Some bargain that was...

This plumber makes more than $250 K a year?

So much for my college degree.

I have significant contact with the 'Small Business Community' in my state. Since August I've been asking some 'judicious' questions of the owners. All but one of them told me they expect to keep less of the money they make under an Obama administration. Circa 75% have told me they will not expand. Just under 25% have told me they will "close their doors and walk away".

If that last happens nationwide, where does that put unemployment under Obama? What will that do to his revenue stream? Will he be able to keep his promise of a "tax cut for 95%"? If you think the economy stinks now...just wait.

I find it interesting B(H)O believes most small businesses don't make over $250k when the following definitions and guidelines are involved.

CY's filter won't allow me to do the URL for the SBA's definition of 'Small Business'. Check the story at Patterico's Pontifications)

SBA Table of Small Business

(Thanks to and story at: Patterico's Pontifications)

He's a marxist. He doesn't WANT small business -- or any business -- to do well. He wants us all poor, and dependent on government.

"This plumber makes more than $250 K a year?"

No, his company grosses 250k. My bar/restaurant grosses 1 million but my salary is only around 60k. Obama is going to double my taxes. Do you think 60k is rich?

Consider: If the tax bill for a company increases, assuming more or less constant company income, that company will have less to pay its employees. Therefore, at best, they won't be hiring any new employees, and at worst, they may have to lay people off.

And this is supposed to be a Good Thing?

One's business taxes are based on the NET of a business, not the GROSS. Once you subtract all the expenses & deductions from the GROSS, you obtain the NET.

If you are only netting $60 K on a business that grosses $1 M, I can't say I'd want to follow your business model. Happily for you though, under Barack's tax proposal, you'd get a tax break at that level.

Kindness, please provide a l_i_n_k (darned spam filter) to your source for Obama's taxes being based on net income instead of gross income.

I ask that because I've looked, and can't find any information on the specifics of Obama's plan. I'm hoping you can do better.

All of the morons who are subscribing to the 'socialist' or 'redistribution of wealth' arguments ought to take time to read (you can look up the big words) Thomas Franks' book, "What's the Matter with Kansas?" The same Joe-Six-Pack/the Plumber crowd whoa are screaming about money being taken from them have been fiscally raped by eight years of the Bush Administration. I'm a small business owner and now for one second do I feel threatened by Obama. You dopes have bought the McCain/Palin fear-mongering attack, hook, line and sinker, doggone it.