<<You should talk to MT, he assures me that raiseing the tax rates will bring greater competition into the feild becfause it will allow people to operate on a narrower profit margin.
<<Yes I am not sure I understood his point.>>
My point was simple: there will always be a buyer for a business that can afford to pay its owner a pre-tax income of $250K or more. There may be fewer buyers and/or a lower price offered if the business, thanks to tax hikes, provides a lower after-tax income than previously to its owner. $250K is a hefty pre-tax income; I can imagine there are plenty of people who would happily bust their ass in their own business to earn half of that. So if Joe the Plumber doesn't like the after-Obama after-tax income that this business will provide for him, fuck Joe the Plumber because Manuel the Plumber or Abdul the Plumber will be happy to scoop up whatever wasn't lucrative enough for Joe the Plumber.
The idea that raising the tax on personal incomes of over $250K will reduce employment is pure bullshit. As long as the need exists, there will be work for those who can service it.
<<But a guy that operates on a narrow profit margin will indeed outcompete , but he will not build a lot of saveings>>
Let's get real, here, plane. We're only talking about guys whose pre-tax earnings exceed $250K. You're telling me that a guy who grosses $250K pre-tax WON'T BE ABLE TO SAVE ANYTHING? Cry me a river, brother. If he can't save on a gross pre-tax annual income of a quarter-mill or more, he needs his fucking head examined.
<< If he cannot sell his business he cannot retire. >>
A business that earns enough to pay its owner $250K per year in salary or dividends can't be sold? You are kidding me, right? This is some kind of joke?
<<So he must either save and invest a lot of the profit rather then build the business if he hopes to retire . . . >>
That's every businessman's dilemma - - plough back in for the future of the biz, or drain out now for the sake of retirement. Most of them seem to find the right proportions. If they have kids to leave the business to, it's a little easier.
<< . . . (therefore he cannot stand a narrow profit margin) . . . >>
Whatever the profit margin, for anyone worried about Obama's tax plan, there's gotta be enough to pay the owner at least $250K a year; I don't know anyone in their right mind who would call that a "narrow profit margin" for a small business.
<< . . . or perhaps never retire, which is presently my retirement plan.>>
Yeah, welcome to the club.