Extending the Bush tax-cuts beyond 1/1/2011 for those of us who make over $250,000… YES!
Alvin Estevez
I’ve never been politically involved, this is the first time I’ve ever joined a political web discussion , so go easy on me on this post.
For the last 10 years I kept my nose to the grind stone of my business. My partners and I founded our business in 1999. We were an upstart with no financing, no credit, and no loans. We literally created our business from a dirty basement in Flushing, Queens, NYC with the sweat of our brow and our meager savings.
We are the creators of a security software utility called “SpyHunter”. We employ 50 people from the US(10), Europe (30), and South Africa (10). We work long hours and sacrificed our free time and quality time with families to build our business. Currently our product has been sold to over 1.5 Million people across the planet and growing. Our profit margins are over 55%, so there lies the problem when the tax-cuts expire on January 1st, 2011.
Most of our prosperity came after the Bush tax cuts in 2003. Here is why, the extra money we obtained from the cuts were re-invested back to our business to hire more people, develop new applications & technologies , and position ourselves to compete with our foreign competitors. So if on 1/1/2011, my partners, and I will pay 39.6% to the Feds + SS + Obama care + State Taxes (in my case 6%) + Misc Taxes, thus it seem that more than 50% of our earnings will go to the governments (Feds/State). Therefore, what is my incentive to hire people, to invest more in my business, to invest more in the United States economy? The answer, I will not be motivated to hire my fellow Americans, rather I will send more jobs abroad. I will horde my earnings, since what is the point of re-investing in my business?
My “beef” is where was the government when I was in that dirty basement in Flushing? We never asked for their assistance, we never asked for a dime from any institution, and yet they see fit to over tax us and stunt our growth. Then you see the cable news commentators and on TV wondering why are people unemployed? What can we do for those who hire people to hire more people? Well I will ask, when did they ask us what we wanted, what we really need?
I can’t speak for the people of this threat, but I can speak for partners and myself:
1. Extend the Bush tax cuts beyond 1/1/2009 (Do not rock the boat!)
2. Rather than an economic stimulus bill, give all employers a full tax credit for the entire salary of each US employee yearly (for a term of 3 years, until the economy recovers)
3. There should be more people from small business in the President’s cabinet, and more people from business advising these politicians, so they can set the proper policies that will allow us to do what we do best, make money and employ people.
For the record, I do not know where these politicians live, but in my region of the country. Two working professionals combined household income is over $250,000! Most small businessmen I know make over $250,000 a year, so who are they kidding? This is full blown taxation without representation!
If they revoke the Bush tax cuts, this will be the next blow to the economy….




