One of the pay-fors for the PPACA is a 3.8 additional tax on investment income above a certain level. Successful entrepreneurs looking to take some money out of their business have a good chance of hitting this tax.
Exactly! So a very broad increase in tax on all (!) investments by all (!) high income individuals becomes a "tax on entrepreneurs", because the specifics don't seem so scary unless you make it sound like it hurts something important.
Here's the snopes page on that very tax: http://www.snopes.com/politics/taxes/realestate.asp Amusingly, the spin it's trying to fight is that it's a tax on "home buyers". Apparently the "entrepreneurs" angle is a new one.
It's a tax. Is it a bad one? Dunno, I think on balance an increase in the capital gains rate (which is sort of what this is) gated on income level isn't a bad way to raise that revenue. You have a different suggestion?
You're now ranting at my sober and factual comment. My suggestion is to be the change you want to see: calm down and put more substance in your communications.
I said it was a rant when this subthread started. A "sober and factual" comment in support of ridiculous spin doesn't qualify, sorry; it simply means you're spinning well. And given that only one of us linked to an actual analysis of that law, let's just say I'm greatly amused at your demand for "substance".