nt

.. so he read about what “small business” really is.
Maybe Obama can’t read? I know – Michelle can read these to him as a bedtime story.

n/t

Very informative. Obama and the dems have a way of defining things in ways that suit them, but bear very little resemblance to reality. This brings clarity to the subject of small business and taxes.

Thanks.

…not paying taxes.

Capital investment creates jobs. Taxes feed the monster.

Well done.

you said it

defintion where taxes and fines for not buying government health care kick in. Am I wrong?

It’s heartening to see a first diarist here on Redstate who actually composes something informative and takes the time to explain what is being discussed.

There is also a distinction between “small business” and “microbusiness” that needs to be explored: I run a microbusiness, a true “Mom and Pop and Son” kind of place.

Even though my mother, father and I are the only three employees, we can’t voluntarily exempt ourselves from Massachusetts’ “must buy” health insurance program, for which we pay $1800 a month in order to comply with the law. That means that the two of us must produce a profit over and above all our costs of almost $22,000 a year simply to pay the health insurance costs, which are * mandatory *.

This has been an extraordinary burden to us getting started during this economic downturn. If my father and I had our way, since we’re both relatively healthy, we would opt to cover just my mother with insurance and save the rest of that money for this year to put into capital investment.

For a microbusiness, $15,000 a year at the beginning makes an enormous difference in your competitiveness. My father and I would be perfectly willing to simply cover my mother and drink Green Tea ourselves for a year, or find an alternate catastrophic coverage plan for him alone, but we don’t have that option.

For anyone who doesn’t think $15,000 is a lot of money to a microbusiness, just as an example it would have purchased * ALL * of the paper and supplies that I have used this year, and funded the maintenance contracts on our two most important pieces of equipment. It would have allowed me to spend a few thousand dollars on advertisements and business promotion also.

We should be at liberty to take that risk as the co-owners of the company: starting a business is a risk. People take risks because they want to reap a reward. We should be allowed to exempt ourselves from the insurance coverage provisions if we so choose, but we cannot do that under the law.

Kat-Mo at Ace wrote about it yesterday. I have the summary and link here.

Also, this is based on the $250K figure. The WSJ editor on the Huckabee show yesterday said the number is actually $200K, which would include many more small businesses.

But if a government policy affects a larger company, it affects more people. So if the policy makes business here less profitable for even larger companies, those companies can more easily move to a more business-friendly environment. And even more jobs are lost here. For small businesses, yes, these cannot relocate as easily to a friendly place. So we need to help them, but we cannot just lump tons of costs on larger businesses either.