I need some help understanding something.

Watching and listening to Barack Obama at a campaign rally this morning, he
again outlined his economic plan to stimulate the economy.

Part of his proposal is the elimination of capital gains taxes on small
businesses so, as he puts it, they can hire more employees and expand.

I don't get it.

My simple understanding of capital gains taxes is that it applies to an
increase in value of something you bought or invested in, like a house,
stocks, or, in the case of a small business, it's value of when it started
and that when you sell it.

So, how does the elimination of capital gains taxes on a small business
allow it to grow and hire more employees?
For the owner of a small business, it seems to me the only time there would
be a benefit is if he/she decided to sell it.
If they are continuing operations and trying to expand, there's no capital
gains tax to be paid anyway.

Seems to me that holding down *Income* taxes on small businesses would help
provide the money for further investment and growth of the company. What
does the elimination of capital gains taxes do for the future of the
company, other than eliminate taxes owed when the small business owner sells
out.

Am I wrong or is this just a bunch of economic doubletalk that sounds good
but has virtually no meat to it?


Eisboch

Eisboch wrote:
I need some help understanding something.

Watching and listening to Barack Obama at a campaign rally this morning, he
again outlined his economic plan to stimulate the economy.

Part of his proposal is the elimination of capital gains taxes on small
businesses so, as he puts it, they can hire more employees and expand.

I don't get it.

My simple understanding of capital gains taxes is that it applies to an
increase in value of something you bought or invested in, like a house,
stocks, or, in the case of a small business, it's value of when it started
and that when you sell it.

So, how does the elimination of capital gains taxes on a small business
allow it to grow and hire more employees?
For the owner of a small business, it seems to me the only time there would
be a benefit is if he/she decided to sell it.
If they are continuing operations and trying to expand, there's no capital
gains tax to be paid anyway.

Seems to me that holding down *Income* taxes on small businesses would help
provide the money for further investment and growth of the company. What
does the elimination of capital gains taxes do for the future of the
company, other than eliminate taxes owed when the small business owner sells
out.

Am I wrong or is this just a bunch of economic doubletalk that sounds good
but has virtually no meat to it?


Eisboch



Nobody likes a smart ass. You are supposed to take all of the plans at
face value and consiser them to be a reflection of what will happen
after the planner is elected. Let me quote some one that has it all
figured out. "is this just a bunch of economic doubletalk that sounds
good but has virtually no meat to it?"

"jim" wrote in message
...


Nobody likes a smart ass. You are supposed to take all of the plans at
face value and consiser them to be a reflection of what will happen after
the planner is elected. Let me quote some one that has it all figured out.
"is this just a bunch of economic doubletalk that sounds good but has
virtually no meat to it?"


If I am correct, then we are witnessing the biggest scam of the whole
election process.

As you know, I founded and operated a business for many years. A couple of
times I nearly went belly-up due to income taxes due.
The income tax structure basically penalizes you for making headway and
actually start producing a profit which can then be re-invested into the
company. Income taxes basically became a cost of doing business and the
better you did, the more you paid.

I didn't pay a cent in "Capital Gains" taxes in all the years I had the
business. I paid through the nose when I sold it though because at that
time the rate was something like 35 percent.

Eisboch

On Tue, 28 Oct 2008 10:41:26 -0400, Eisboch wrote:


So, how does the elimination of capital gains taxes on a small business
allow it to grow and hire more employees?

The plan is to eliminate capital gains on *investments* in small and
start-up businesses.

http://obama.3cdn.net/d14eb1b3649c4d6745_0evzmv02w.pdf

Eisboch wrote:
"jim" wrote in message
...

Nobody likes a smart ass. You are supposed to take all of the plans at
face value and consiser them to be a reflection of what will happen after
the planner is elected. Let me quote some one that has it all figured out.
"is this just a bunch of economic doubletalk that sounds good but has
virtually no meat to it?"


If I am correct, then we are witnessing the biggest scam of the whole
election process.

As you know, I founded and operated a business for many years. A couple of
times I nearly went belly-up due to income taxes due.
The income tax structure basically penalizes you for making headway and
actually start producing a profit which can then be re-invested into the
company. Income taxes basically became a cost of doing business and the
better you did, the more you paid.

I didn't pay a cent in "Capital Gains" taxes in all the years I had the
business. I paid through the nose when I sold it though because at that
time the rate was something like 35 percent.

Eisboch


Finance is only one facet of the Obama scam. Rev. Wright has planted a
seed that is growing inside the mind of Obama. That should scare the
Bjezzes out of the average American.

wrote in message
t...
On Tue, 28 Oct 2008 10:41:26 -0400, Eisboch wrote:


So, how does the elimination of capital gains taxes on a small business
allow it to grow and hire more employees?

The plan is to eliminate capital gains on *investments* in small and
start-up businesses.

http://obama.3cdn.net/d14eb1b3649c4d6745_0evzmv02w.pdf


That makes sense.

What Obama says doesn't. To quote:

"I will eliminate the Capital Gains Tax on small businesses ..."

Very misleading statement that stirs up the crowds.

Eisboch

Eisboch wrote:
wrote in message
t...
On Tue, 28 Oct 2008 10:41:26 -0400, Eisboch wrote:


So, how does the elimination of capital gains taxes on a small business
allow it to grow and hire more employees?
The plan is to eliminate capital gains on *investments* in small and
start-up businesses.

http://obama.3cdn.net/d14eb1b3649c4d6745_0evzmv02w.pdf


That makes sense.

What Obama says doesn't. To quote:

"I will eliminate the Capital Gains Tax on small businesses ..."

Very misleading statement that stirs up the crowds.

Eisboch


Lawyers tend to be very good at misleading us ordinary folk.

Eisboch wrote:
"jim" wrote in message
...

Nobody likes a smart ass. You are supposed to take all of the plans at
face value and consiser them to be a reflection of what will happen after
the planner is elected. Let me quote some one that has it all figured out.
"is this just a bunch of economic doubletalk that sounds good but has
virtually no meat to it?"


If I am correct, then we are witnessing the biggest scam of the whole
election process.

As you know, I founded and operated a business for many years. A couple of
times I nearly went belly-up due to income taxes due.
The income tax structure basically penalizes you for making headway and
actually start producing a profit which can then be re-invested into the
company. Income taxes basically became a cost of doing business and the
better you did, the more you paid.

I didn't pay a cent in "Capital Gains" taxes in all the years I had the
business. I paid through the nose when I sold it though because at that
time the rate was something like 35 percent.

Eisboch


What worries me more is the absolute systematic undermining of the vote
this time around. ACORN flooded swing states with so many fake
applications, they can never sort them out. Now the US Justice dept,
with three top officials who have recently donated to the candidate's
campaign has decided not to investigate the fraud, or at least put folks
into the suspect polling places to keep things in line. This decision
was made just weeks after meeting with top DNC officials in Washington.
At the same time they are starting new investigations into Roberto
Gonzalez for firing folks for not doing their job back then?? It is all
and out fraud and we the American people will be the victims. After the
candidate gets elected, his majority in congress will pass laws like
the "fairness doctrine" (censorship doctrine) which will take away any
voice the opposition has. Already the VP candidate is censoring and
eliminating any news orgs that dares ask tough questions, in lieu of
half hour infomercials. The campaign finances have been taking millions
of untraceable and unverified donations from all over the world and had
addressed this by eliminating any parts of the process that would bring
that into the open. It's a scam of the highest degree. Fear for
Democracy. We are being sold out to which ever country can provide the
most money to the campaign... Any guesses, maybe France, Russia, North
Korea and any other country that has an interest in us electing a weak
president..

SmallBoats.com wrote:
Eisboch wrote:
"jim" wrote in message
...

Nobody likes a smart ass. You are supposed to take all of the plans
at face value and consiser them to be a reflection of what will
happen after the planner is elected. Let me quote some one that has
it all figured out. "is this just a bunch of economic doubletalk that
sounds good but has virtually no meat to it?"


If I am correct, then we are witnessing the biggest scam of the whole
election process.

As you know, I founded and operated a business for many years. A
couple of times I nearly went belly-up due to income taxes due.
The income tax structure basically penalizes you for making headway
and actually start producing a profit which can then be re-invested
into the company. Income taxes basically became a cost of doing
business and the better you did, the more you paid.

I didn't pay a cent in "Capital Gains" taxes in all the years I had
the business. I paid through the nose when I sold it though because
at that time the rate was something like 35 percent.

Eisboch

What worries me more is the absolute systematic undermining of the vote
this time around. ACORN flooded swing states with so many fake
applications, they can never sort them out. Now the US Justice dept,
with three top officials who have recently donated to the candidate's
campaign has decided not to investigate the fraud, or at least put folks
into the suspect polling places to keep things in line. This decision
was made just weeks after meeting with top DNC officials in Washington.
At the same time they are starting new investigations into Roberto
Gonzalez for firing folks for not doing their job back then?? It is all
and out fraud and we the American people will be the victims. After the
candidate gets elected, his majority in congress will pass laws like
the "fairness doctrine" (censorship doctrine) which will take away any
voice the opposition has. Already the VP candidate is censoring and
eliminating any news orgs that dares ask tough questions, in lieu of
half hour infomercials. The campaign finances have been taking millions
of untraceable and unverified donations from all over the world and had
addressed this by eliminating any parts of the process that would bring
that into the open. It's a scam of the highest degree. Fear for
Democracy. We are being sold out to which ever country can provide the
most money to the campaign... Any guesses, maybe France, Russia, North
Korea and any other country that has an interest in us electing a weak
president..


Drool on, Justwaitascotty.

Eisboch...it's not relief on capital gains, it's tax relief on the
investments made in small business. Maybe Obama didn't explain it
properly in the tv appearance you saw. He has explained it in detail
several times.

Boater wrote:
SmallBoats.com wrote:
Eisboch wrote:
"jim" wrote in message
...

Nobody likes a smart ass. You are supposed to take all of the plans
at face value and consiser them to be a reflection of what will
happen after the planner is elected. Let me quote some one that has
it all figured out. "is this just a bunch of economic doubletalk
that sounds good but has virtually no meat to it?"


If I am correct, then we are witnessing the biggest scam of the whole
election process.

As you know, I founded and operated a business for many years. A
couple of times I nearly went belly-up due to income taxes due.
The income tax structure basically penalizes you for making headway
and actually start producing a profit which can then be re-invested
into the company. Income taxes basically became a cost of doing
business and the better you did, the more you paid.

I didn't pay a cent in "Capital Gains" taxes in all the years I had
the business. I paid through the nose when I sold it though because
at that time the rate was something like 35 percent.

Eisboch

What worries me more is the absolute systematic undermining of the
vote this time around. ACORN flooded swing states with so many fake
applications, they can never sort them out. Now the US Justice dept,
with three top officials who have recently donated to the candidate's
campaign has decided not to investigate the fraud, or at least put
folks into the suspect polling places to keep things in line. This
decision was made just weeks after meeting with top DNC officials in
Washington. At the same time they are starting new investigations into
Roberto Gonzalez for firing folks for not doing their job back then??
It is all and out fraud and we the American people will be the
victims. After the candidate gets elected, his majority in congress
will pass laws like the "fairness doctrine" (censorship doctrine)
which will take away any voice the opposition has. Already the VP
candidate is censoring and eliminating any news orgs that dares ask
tough questions, in lieu of half hour infomercials. The campaign
finances have been taking millions of untraceable and unverified
donations from all over the world and had addressed this by
eliminating any parts of the process that would bring that into the
open. It's a scam of the highest degree. Fear for Democracy. We are
being sold out to which ever country can provide the most money to
the campaign... Any guesses, maybe France, Russia, North Korea and
any other country that has an interest in us electing a weak president..


Drool on, Justwaitascotty.

Eisboch...it's not relief on capital gains, it's tax relief on the
investments made in small business. Maybe Obama didn't explain it
properly in the tv appearance you saw. He has explained it in detail
several times.

Why can't Obama explain it properly all of the time?