re: #684 jamesfirecat

So, if you make $300K in one year and after taxes and expenses you can save $95k. Your wife who is good at what she does wants to start a company and you go to the bank and barrow $200k and put it with your $95K.

Start a company and hire 10 people and after 6 years you have lost enough money that even though your income is above (well above $175K) you still are in the 15% tax bracket and you company is still in the red with revenue well above $1.2 million.

Am I rich? I have 5 children and their college funds are funded enough to insure their education at a state school. We drive cars that were manufactured before 9/11/01.

AM I RICH- I think not.

and there are 100s of thousands of me in this economy.

Raise taxes too much, change deductions too much- i close my store lay off my employees and bring my wife home and we do with what we can with my $150k + income.

Less taxes is more jobs- IT IS NOT A ZEOR SUM GAME!