Tony's ramblings on Open Source Software, Life and Photography

obama

My Only Political Rant

I try to not broadcast my feelings about one candidate or another online. So many people do that already, what would be the point in repeating something already said by someone else?

But, I have to say something on this topic.

I've fought my way up through the American dream. Not so many years ago I was on food stamps. I've worked for minimum wage for companies like Wal-Mart and worked 80+ hours per week for Radio Shack while making $30k / year as a store manager. I lived for many years under the poverty level.

Now I am partners in three companies. I still make less than "Joe Plumber" in personal income. My house cost me $72,000, not counting the repairs I'm constantly putting into it. I drive a Ford pickup truck and a Town & Country minivan, both of which already had 80k miles on them when I bought them.

Unfortunately for me, Obama's plan would hurt. Bad. As a partner in a small business that employs 40 people, my individual income certainly doesn't hit the threshold, but the business income does. and a lot of my pay is based on a percentage of business net income. That means if taxes go up on the business, my personal income goes down AND my personal income tax liability will go up, because I have to pay taxes on the S corporation. As you can see by my spending I list above, my personal income isn't all that large. I make considerably less than I would doing this same job for a large company, and I take that sacrifice because I know that one day my company will be worth a lot more than it is.


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