How Obama's plans will affect small business

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wolseley:
Long, but worth the read.  This deals with car washes, but it can be applied to any small business. 

A lot of small businessnes are going to go out of business because of this......

http://www.moderncarcare.com/articles/obama-presidency-and-the-carwash-business.html

moneil:
I kind of doubt that small business owners who are able to pay themselves a personal income of $250,000.00 or more from their business are going to go out of business.  I know few small business operators who make that much off their business.

From the cited article: It is estimated that 80 percent of American households will pay less tax under Obama’s proposal than under the current policy.

Tim:
If you were one of the small machining companies it would. If you took 250K for a salary you'd have about 25 skilled and semi-skilled employees. That means about 25,000 a week for direct pay,4000 for health insurance, about 8,000 in FICA, and large customers that pay in 90-180 days. This doesn't include approx. 10-20,000 in materials needed or the money to pay heat treaters, platers, etc. I think this is more the model for a small business. You can see how the dominoes would fall if he is cash starved.  

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