Now let's look at the rest of 'Idiots Blog' lies...
Lie#1: President Obama will raise taxes on small businesses.
Then notice:
As CNN concluded in October, "fewer than 2% of small business owners would pay more under Obama's plan."
So 2% of small businesses will have higher taxes. So true or false, Obama is going to raise taxes on small business? Clearly, it is true. But wait there's more...
That claim of 2% is a bit suspicious... in fact even the article itself points this out. Small business is a very loose term. Obama and McCain both file Section C corporate business returns, because of their family royalties. Are they really the type of small business that makes up the back bone of the American economy? Of course not.
Further, only about 6 Million small businesses or less, have employees. The rest are freelance workers, or hobbyists. For example, I was an on-call delivery driver for a year and half. I delivered medication all over Ohio as contract labor, and had to fill out a small business form, and do my taxes as a Schedule C myself.
According to the small business administration, only 6 million have employees. So out of 6 Million small businesses, 479 Thousand will be hit with Obama tax hikes. That not exactly 2% is it? More like 13%.
I love the way Ralph R. Reiland puts it:
By treating a lemonade stand the same as a home builder with 100 employees, Obama gets away with saying that 98 percent of small businesses in America won't be hit by his proposed increases in income taxes.
Ironically, in thinking about it, my current job, and my last job, both were small businesses that earned over $250K and undoubtedly will be hit by Obama taxes. So if I get laid off from my job, can I blame Obama and idiot supporters, who claimed his taxes wouldn't effect me?
Further, Americans for Tax Reform, a nonprofit group in Washington DC, estimates that nearly two thirds of all small business profit, comes from businesses making $250K a year or more. So not only is it hitting 13% of small businesses, but it's hitting the most successful ones that hire the most people.
If you want more proof that the 2% theory is wrong, simply go to:
http://www.census.gov/epcd/www/smallbus.html
Read the first chart. Note how a small fraction of the small businesses have employees. Then note the income from non-employee firms is fraction of employee firms.
Two final notes before I move on... Obama has also discussed increasing corporate taxes like Social Security and Medicare, plus increasing the capital gains tax. All of which will hit small businesses. Lastly, all of these additional taxes will hit everyone since all taxes are past on to the consumer.
Bottom line is this: The first complaint by the Idiots Blog, is, like all stupid liberal whines, is completely wrong. Obama will raise taxes on small business.
If I have time, I'll debunk the other idiots blog claims later.