Thursday, November 09, 2006

Please Don't Raise My Taxes!

Well, the American electorate has done something that they've been smart enough not to do since President Clinton was first elected to office in 1992. Both houses of Congress have been handed to the Democrats. There are stances each side takes that I like, but, my wallet comes first. Don't get me wrong. I'm not wealthy and trying to protect some huge stash. I'm in the lowest tax bracket. These past 14 years though have been better for me because they've been better for the people who earn more than I do. Why? It's a simple economic principal. If the wealthier individuals/corporations have more disposable income, so do I. First, they can afford to hire me. Second, they can afford to give me bigger raises.

Most people don't want to hurt small businesses either. They just want the wealthy individuals to pay more. Well, most small businesses are filed with a personal return using a Schedule C and income is taxed at the personal rate. There is not a separate tax structure for an independent business when it's not incorporated.

So, I ask this new Congress to please not screw up the progress of the last 14 years. I ask the American people to correct this travesty in 2008.

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