Let's Talk Business

TRUTH™ asked:


I mean, so many people say it is impossible for Obama to tax break that many people, but McCain wants to tax break even more people .. How does this work?
Wow, you people are clearly idiots if you think you know things that Obama doesn’t know. Don’t you think maybe that he meant 95% of working Americans that do PAY taxes?

Genius asked:


Too many people have different opinions about how much a small business makes and I need to know what the average gross income is

Caribou2 asked:


I hear so much about how you won’t have enough to itemize to overcome the standard deduction if you don’t own a home.

However, I paid almost $4000 in state taxes in 2006, which is close to my standard deduction of $5150 (single). I’ve heard that you can itemize state taxes. Does that mean many people can have enough to itemize (using their state taxes) without owning a home?