#GOP Fairy Tales [] Fast Facts #10

Taxing the wealthiest Americans a 35% rate vs. a 28% rate on every extra $1,000,000 of investment income if every other deduction for their business remains the same means this:

The former tax rate of 28% cost $280,000 in tax revenue leaving $780,000 of net income after taxes.

The revised tax rate of 35% cost $350,000 in tax revenue leaving $650,000 of net income revenue.

Any Republican Party official who says to you that a job creator will stop investing in existing businesses, create new businesses or the continued use of existing or new investment vehicles all of which sustain or create jobs are “full of beans”

Business owners are NOT going to stop investing because their investment only produces $650,000 rather than the $780,000 they earned in the years America gave them the gift of the George W. Bush Temporary Tax Cuts.

 

The job creators will continue to invest in products and services that people of the world will buy. Our government can pay down some of this unnecessary debt. And can assist our fellow citizen in need of food and healthcare for their family allowing them to buy products and services made by our job creators.

And it is about time we expand the investments in our countries infrastructure allowing our job creators to create better products and services and deliver it through out the world. We are a consumption economy, we need people buying products and services for greater job creation; we need a an increased revenue stream demonstrating government officials can balance income with expenses; NOT more tax cuts.

  

There are no smart business people who actually pay the standard tax rate. Every person who owns and operates a business uses deductions, depreciation's and other tax loop holes to reduce the actual tax rate that the job creator pays.


It is tiring keeping track of all the nonsense the Republican party tells to our citizens.


Sadly, many are incapable of knowing how badly they are being deceived.