Raised Taxes for those earning $250,000

[Sam]

Now remember, folks, BHO is the candidate who is proposing CHANGE.

[Pressing-On]

Originally Posted by Stephen Hoover

First a confession - This won't change my vote.


Second confession - I am a social conservative. Abortion is a trump card for me.

I do however, have other concerns...

I have heard it both ways.... some say small biz earning over $250,000 gross under Barack will have a raised tax rate.

Others say that is a net figure...


which is it?

Which is it? Can't find anything definitive. lol

I have read:

Obama's income for tax purposes is "gross" income.

AND

It has to be "net" taxable income since they say 98% of all small businesses do not exceed 250K. The tax preparer goes on to say that in his 20 years of preparation he seldom sees a client who has under 250K gross income.

Does that help? lol