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Here's what I don't get about the logic of expiring income tax rates "hurting small business"

Posted by Max Sep 15 '10, 13:09

Off the top of my head math, someone making $300,000 is going to pay an extra $10k per year or so with the increased rates. How exactly is $10k going to provide for any new jobs? And if they're going to balk at hiring new workers because they'd lose 10k out of their three hundred effing thousand dollars, why the hell would I want to work for them?

Responses:

They would use the extra $10K to buy more goods and services, and this would create more jobs -- nm - Roger More Sep 15, 13:12 1
- just like the bailout banks! -- nm - bugsy Sep 15, 13:14
Because it trickles down, duh. (nm) - musubi Sep 15, 13:11

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Here's what I don't get about the logic of expiring income tax rates "hurting small business"

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