How many jobs can you create

[DoYouEverWonder]

with $2800?

According to W in his radio address yesterday, "the tax relief I have signed since I took office will save 25 million small business owners an average of more than $2,800 this year."


Well I am a small business owner. Before W, I had 30 employees on the payroll. Now we are down to 25.

Since even an entry level minimum wage position costs about $20,000 per year, I really can't see how I'm going to create any new jobs with $2800.

Actually, my tax bill went down by a lot more than $2800. Because of W's great economic policies for the first time in 15 years my company didn't make a profit. I don't have to pay much in taxes when there isn't anything to pay tax on.

[PROGRESSIVE1]

1. NONE!

:eyes:

[dofus]

2. So presumably

you've saved lots of money by not needing to make your employee match to FICA and perhaps a retirement plan or health insurance plan. (A little irony here)

[DoYouEverWonder]

3. Just the increases in health insurance premiums

In the last three years have forced me to cut 1 full time position.

I pay 100% of my employees insurance after one full year of employment. My health insurance premiums/per employee have doubled within that time.

[tsipple]

4. Important Lesson for Democrats

Do NOT fall into the tax debate trap! Taxes are one (as it turns out) TINY element in your economic success. Democrats need to hammer that point. "Would you rather have the income, jobs, and taxes you had with Democrats, or would you like to stick with the Bush economic team?"

On edit: John Kerry, this note is for you! Paul Krugman tried to send you a letter about the national debt. It's in the New York Times.

[punpirate]

5. Keep in mind that it's playing with figures....

It's not a median return, but, rather an average of all small businesses--besides, the money he's talking about is over a span of several years, and amounts to a total of $70 billion. It's meant to make the average business owner think he's getting $2800 _per year_, but that's not the way the math works out.

Second, by the standards the government sets, a small business can be defined as having less than 500 employees, i.e., the big guys got theirs, and you got an extra couple of hundred bucks per year.

If the tax cuts span ten years, the average tax savings are $7 billion per year. If the top 1000 small business owners get tax savings of $1 million per year each, that leaves $6 billion to get spread out amongst the remaining 24,999,000 owners, or, an average of $240 per year.

The Bushies just love to talk about averages... they're so comforting.

Cheers.

[DoYouEverWonder]

6. Especially if you are using Bu$h economics

Now there is an oxymoran.

But if W claims you are getting money, than divide that amount by 3.

If W claims that something is going to cost a certain amount, oh like the $87 billion for one year in Iraq, than multiply by 3.

[tsipple]

7. An Undocumented Might Work for $2800

Part time, anyway.

Sorry. Very politically incorrect and not very funny joke. That's the point, actually.