What About the Selling Small Business Owner?

Reader comment on: Buffett's Latest

Submitted by Russell Fuhrman (United States), Nov 26, 2012 11:35

I really don't understand why Mr. Buffett and the other usual suspects always pushing for higher income taxes just for a moment give some consideration to the small business owner who, the year he sells, a once in a lifetime event, gets hit with the proceeds being taxed at income tax rates. Remember that family must somehow annuitize the sale proceeds to finance their retirement as they have no pension. It is one thing to propose increasing taxes on re-occuring annual high incomes on the Park Avenue tycoon, quite another on putting the selling restaurant, funeral home owner, etc. in that category.

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Title By Date
Why didn't you read Buffet's article? [147 words]R ColemanNov 26, 2012 17:09
Bernstein's idea [26 words]MichaelNov 26, 2012 12:51
Mankiw has a good take as well [29 words]ErikNov 26, 2012 11:36
⇒ What About the Selling Small Business Owner? [102 words]Russell FuhrmanNov 26, 2012 11:35
↔ Depending on the credit standing of the purchaser [65 words]LyleNov 26, 2012 17:45
↔ And the beat goes on [6 words]Dan CalabriaNov 26, 2012 20:36
↔ Re: Installment Sale [175 words]Russell FuhrmanNov 26, 2012 23:18
↔ Help
[w/response] [8 words]		Dan CalabriaNov 27, 2012 08:34

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