steven787 on 23 October 2008
McCain ad has a small business person saying something to the effect of this:
"He want to raise our taxes, he says he understands business but he doesn't. He never had to try and keep the lights on (at a business)."
If you're worried about keeping the lights on then you don't have 250k in profits, so your taxes aren't going up.
Income taxes are paid on profit. The "light bill" is a business cost and isn't taxed.
I would cite regulation, but I know you will simply ignore it.
