Digital company in the legal space needs a direct/social marketer. Manager-level, $60k-$70k salary. Growing company, backed by venture funds.
Medical-related company has agreed to be acquired by a strategic buyer for $105 million, cash. Eight months in process, expected to close within 45 days.
Big company executives have raised $750k and are raising another $1.25 million for an online debt settlement service aimed at consumers. Debtors would use a "Priceline"-inspired model to negotiate a settlement for credit card and other consumer debt.
Leading regional public relation agency with concentrations on food service and hospitality is looking for an account supervisor.
Regional CPA firm in Orange County is looking to acquire small practices from owner-operators.
Paso Robles-based winery specializing in small lots of Rhone-style wine is seeking $500,000 for expansion. Priority return of 8% annually.
PREVIOUSLY (scroll down to see details):
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Interesting perspective on taxes and economic policy:
This is a response to the small business tax section of "FactChecking ‘The Pledge’" [Sept. 24].
Either I am being really stupid, or a major point regarding small business taxes is being missed. The point is that small business EXPENSES are NOT TAXED. Only the income is taxed. Much has been made in publicity about the pledge about how this tax on small businesses will hurt small business investment. Not so — because that investment is deducted from earnings during the calculation of income. In fact, since small business owners now face a situation where they face higher taxes on income, they may choose to invest in the business (higher business expenses) rather than pay the money as taxes. Thus, higher taxes may actually INCREASE small business spending.
All of this ignores the myriad ways small business owners — particularly agricultural business owners — have to shift expenses between business and personal. Yes, wealthy small business owners will pay more in taxes on the profits from the business. They will pay more on the money that is NOT RE-INVESTED in the business. This tax won’t hurt the ability to invest in the business.
I can’t tell you how many times I have looked at my estimated taxes in mid-December and my business income and expenses and decided to make a major business investment before the end of the year rather than pay that same amount in additional income taxes. I cannot tell you how many other small business owners have told me about doing the same thing.
I really think the way this has been presented is misleading and disingenuous. I’m very disappointed in the press for quoting the spin verbatim instead of thinking about this for thirty seconds. Your fact-check is far better than most press reports about the pledge, but it completely missed the point that it is profits, not earnings, that are being taxed.
The other point being missed is that people taking more than $250K/year out of a business are still high-income taxpayers and the fact they earn that money through self-employment and business ownership doesn’t (shouldn’t) make them special and exempt from taxes. Most of that money is essentially taken out of the business! The whole spin is blatantly false and it just makes my skin crawl.
Kim Upper
Huntsville, Ala.
Huntsville, Ala.
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