A GOP ADVANTAGE: IGNORANT VOTERS

I just came across this post on AOL:

inbswoods 10:48:24 PM Jul 12 2008

ANYONE WHO THINKS BHO WILL LOWER TAXES ON THE MIDDLE CLASS IS ONLY KIDDING THEMSELVES. HERE'S HOW, I BELIEVE, IT WORKS. BHO WILL RAISE TAXES ON PEOPLE WHO EARN $250,000 OR MORE, YOU KNOW, "THE RICH". SINCE THIS GROUP ALSO INCLUDES SMALL BUSINESSES, THESE SMALL BUSINESSES WILL NOT BE ABLE TO AFFORD THOSE TAXES AND WILL HAVE TO LAY OFF OR NOT HIRE NEW EMPLOYEES -- THEREFORE, PEOPLE WILL LOSE THEIR JOBS AND NOT BE ABLE TO FIND NEW ONES WHICH WILL REDUCE THE AMOUNT OF TAX REVENUE COLLECTED. ALSO, LET'S NOT FORGET THAT WHATEVER YOUR EMPLOYER PAYS IN SOCIAL SECURITY TAXES (I THINK), YOU HAVE TO MATCH IT PENNY FOR PENNY UP TO A CERTAIN AMOUNT SO THIS, TOO, RAISES YOUR TAXES. ALSO, BHO PLANS ON RAISING THE CORPORATE INCOME TAX AND DOUBLING THE TAXES ON DIVIDENDS. LET'S REMEMBER -- IF WE HAVE RETIREMENT ACCOUNTS SUCH AS A 401K WE WILL GET HIT THE THE RAISED DIVIDEND TAX. SO, ON THE ONE HAND BHO WON'T TAX US AS HE WOULD A "RICH" PERSON, BUT WE'LL GET HIT WITH THE "DIVIDEND" TAX IN OUR RET

I heard pretty much the same thing from a caller to Alan Colmes' radio show a few weeks ago and unfortunately, Alan did not have a good response. Here are the facts: the taxes on the owners of small businesses are paid AFTER all business expenses, like wages and salaries, have been deducted from the gross income. The 401(k) accounts are TAX FREE, so raising the dividend tax won't hurt retirement money.