ON Barry Obama's website,as well as in his quickly- forgotten-due-to-Sara-Palin speech at the DNC,one finds his Big Promise to "cut capital gains taxes for small business..",which ,of course, sounds great!
The problem with this lies in the fact that SMALL BUSINESSES DO NOT PAY CAPITAL GAINS TAXES, they pay income taxes.
Every S-corp,Mom-and-Pop LLC ,etc.,reports their company's earnings as INCOME,and pay taxes accordingly.
And, as nearly every functioning small business in the US reports gross income receipts of well over $250,000 dollars,guess what? These are "The Rich" Barry promises to TAX THE PANTS OFF OF.
What a bunch of snake oil; Obama promises to lower or eliminate a tax for a group of people who don't even PAY THAT TAX,while promising to RAISE income taxes on the VERY BRACKET INTO WHICH SMALL BUSINESS OWNERS FIT.
Rest assured; small business owners ,who employ 70% of Americans,will be voting with their wallets.

If you really know about small business, then you also know that we are taxed on net income, not gross. In other words, you spend all you can and pay taxes on the rest. It's how Uncle Sam helps keep the economy booming after Christmas: folks hurrying up to write off more expenses. How many small businesses have net incomes over $250,000? Not very darn many. By the time you have that kind of money left over, it makes much more sense to transition to a C Corp and pay personal capital gains on dividends at that point.

But by all means, let's get really angry over your straw man.

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Member of the vast Radical Middle conspiracy.

Do you even know what 'capital gains tax' is, Grokman?

I'm guessing your still in middle school, so I guess not.
http://en.wikipedia.org/wiki/Capital_gains_tax

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If you can't explain it simply, you don't understand it well enough.
-Albert Einstein

Better question does Obama know what cutting taxes is?

"you're" is you are. Kettle meet Black.

and do you know what they are?

This thread is so bad.

1. The OP is right small business don't have many capital gains. The only time a small business would see a capital gain is when they do something like sell a warehouse. But that isn't how they make their money.

2. In the rare occasion when a small business sees a capital gain how exaclty is Obama going to cut their capital gains tax.

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Mens Sana in Corpore Sano

Please explain how pointing out that Barry will "cut" a tax for small businesses,that the overwhelming majoprity of them do not pay,is a "straw man argument" for anyone but Barry.
As I own three S-corps and one LLC,I have a somewhat good idea on how I am taxed.
To "pay on dividends" requires that I live off of the interest of my net income,instead of my net income itself.
Please edify us all as to where someone is living off of the dividends of $250,000 ,or thereabouts.
You are trying to,of course,divert from the FACTS. Most small businesses DO NOT PAY CAPITAL GAINS TAXES. The "Straw man" (this year's favorite political term for the "just discovered it" Left) is Obama's claim to lower taxes for people who DO NOT PAY THEM.
Sorry your business isn't making any decent money.

OK,Einstein,now show us the small businesses which are PAYING THEM.

Obama's using the Small Business Administration's definition of "small business", which varies by industry. It can include companies with $30 million in sales and 1,500 employees.

Whatever you think of the definition, a large number of companies that fit it do, indeed, have to deal with capital gains.

His incubator proposal is aimed more squarely at tiny businesses and startups.

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Man up.

Proof of this claim,please. A quote from Barry or his CURRENT website,only. In addition,a construction or excavating company having GROSS RECEIEPTS of $30 million in NO WAY means that they are dealing with capital gains. In short,as I said, SMALL BUSINESSES DO NOT PAY CAPITAL GAINS TAXES.
PLease show us some FORTUNATE ENOUGH to have to.