Thread: Joe the Plumber: Official Thread
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Old 10-16-2008, 06:41 PM
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Quote:
Originally Posted by AKAKBUCK View Post
Well, I think the answer is, "I'm not sure" and that's the troublesome thing.
I understand the angst over tax brackets. I disagree with flat tax proponents, but I understand. My point is that, to the extent there are brackets, there will be a cutoff amount. Whether it's $250k or $350k or $450k SOME people are going to be at or near the line and thusly unhappy about the increase.

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There are some 3 million S-Corps (according to wiki) so, there are obviously a [censored] ton of people out there who own some of them... I would call some of them small business owners, others... just investors... but... point is, a certain number fo them would be impacted by a tax hike... and they are not apparently reflected in the article...
I don't know... lets assume that half of americans are taxpayers... that puts taxpayers at, what, 170MM people? 3 million S-corps would be just under 2% of that. I know that not every small business is an S-Corp, but many S-Corp owners have duplicative ownership, etc., and not every S-Corp nets $250k+ to its owners... the 2% number - the number of small business owning taxpayers that will be affected by a $250+ tax increase - could be fairly accurate - or at least not materially off.

Quote:
The other point I was making more passively was that its not JUST Joe the Plumbers sole proprietorship boss that makes the world go 'round. So the question isn't, "HOw many businesses make X dollars" its how many business owners.
Right, so those with duplicative ownership, etc., etc.... but, still, it may really just be 2% of small business owners.
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