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« Happiness is a Positive Cash Flow | Main | Reflections on BarCamp Nashville 2008 »

October 17, 2008

Comments

Kirk Ward

Scot,

I think anyone who goes into "business" and discovers they are taxed on "profits" and not on "cash earnings" is well aware of what will happen under Mr. Obama's tax plan.

The problem is that the majority of the population of "wage earners" are taxed on "cash earnings" and think that businesses are taxed the same way they are.

It would be helpful if some group or organization were able to educate all of the "Average" Joe's out there to the difference in the two systems ... that profits do not equate to available cash.

Cheers,
Kirk

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