I worked my ass off for years so I could retire early. After that I got bored and started small business and keep a few people employed. I don't get super rich, but I do still make money and a nice profit. Now the government is going to take that from me, again.
Whatever happened to the small business being the backbone of America? I've been specifically targeted by new taxes, fees, insurance rate increases, etc. Was looking forward to some of the "special attention" that was going to be paid to small business. I didn't know that meant they were targeting my wallet.
From the Wall Street Journal:
http://online.wsj.com/article/SB1000..._HomeAndGarden
Quote:
WASHINGTON—Taxes on high-income earners would rise by nearly $1 trillion over the next 10 years, under the budget plan put forward by President Barack Obama Monday.
The bulk of that tax increase comes as a result of the expiration at the end of 2010 of tax cuts enacted under President George W. Bush. Marginal income tax rates for people with incomes over $200,000, or $250,000 for married couples, will jump from 33% to 36%, or from 35% to 39.6%.
Capital gains and dividends will be taxed at 20% rather than 15% for people at those income levels.
Limits on upper-income people's ability to claim personal exemptions and itemized deductions will also snap back next year, without any action needed from Congress.
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Between the Federal, State, County, and City tax increases, increase license fees, increased medical and unemployment insurance, and the fact that I can't get any business loans right now because I'm a hard working
white American, it's gotten to the point where there is no point. There is no incentive for working your ass off in America any more.
Stupid little things like having to pay higher unemployment premiums to make payments to people I didn't lay off. The funny thing is the day I got notified of the increase was the same day I was talking to my [unemployed] neighbor. I asked if he found a job yet. He said "I haven't looked, I still have plenty of unemployment left to collect". I had to restrain myself from walking over and kicking his ass. Then, realizing he's not even a man, not even man enough to get off his ass and work, he's not worth it. (Never spoke to him again, never will). This is the new American attitude. The land of entitlements.
I'm leaving the US. Seriously, I've had enough, I'm done. I've thought about it before, now I'm going to do it. (I'm really not kidding or just mad, I'm leaving). I'm doing serious research into where in the world I'm going to move. I just know it isn't going to be here [in the US] any more. I'm sure there are countries out there who would want a hard working small business owner who pays all of his taxes and keeps people gainfully employed.