Las Vegas, NV (PRWEB) October 05, 2012
Author and creator of Immediate Results Advertising, Pete Mitchell, talks about the biggest hot button issue for small business in the Presidential race: taxes.
Mitchell says a core stumping point to President Obama's re-election bid is the hike in taxes paid by small business owners. "Many, if not most, small businesses pay taxes using the individual tax rate. Currently, Obama is pushing for the income tax rate to rise from 35%, which it is at now, to 39.6% in 2013 by not extending the Bush tax cuts." IRS data shows that a majority of all small business profits face taxation at this new higher level. Mitchell says this can lead to a higher cost of goods and services for the consumer if businesses raise their prices to combat the loss of income due to higher taxes.
"When small business owners get a raise in their tax bill, they simply pass that onto buyers by way of higher prices," stated Pete Mitchell, dubbed the Chief Marketing Mercenary at Big Guns Marketing, LLC. "It just isn't reasonable to think that business owners that have taken all the financial risks for their small business are going to also take a cut in pay."
In addition, small business owners currently endure a self-employment tax of 2.9%. Obama has raised that via ObamaCare by 30% in 2013 to 3.8%. What Mitchell says is most astounding in this massive tax increase is that the President is trying to help middle America. However Mitchell argues, "It's a fair statement to say that Obama has no idea what it's like outside his Ivory tower. In the real world, Small businesses don't get anything handed to them on a silver platter. We work for a living."
Mitchell observed, "Whenever taxes are raised on businesses, consumers suffer. Money that would have been spent to grow the business, such as on lead generation strategies, must now be siphoned off to pay the government. The common mistake made by business owners facing these increases in monetary drainage is that they cut back on their marketing and advertising. Cutting the very thing that brings in new business is what eventually causes businesses to go out of business. When that happens, the government no longer gets the increase in revenue, but they also lose revenue."
To combat this fatal move and help promote lead generation strategies, Big Guns Marketing is putting on a complementary webinar to help struggling business owners and independent sales professionals discover ways to generate new leads for their business to combat the tax hikes.
Big Guns Marketing promotes avoiding the scam webinar that is designed to sell an overpriced lead generation system that does little more than separate the business from their working capital. The new webinar. which is free and sells no product or service, will launch at http://UltimateLeadMachine.com and help those looking to grow their business in spite of the impending tax increases.
For more information on lead generation strategies from Pete Mitchell and Big Guns Marketing, visit http://UltimateLeadMachine.com