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Getbig Main Boards => Politics and Political Issues Board => Topic started by: mogulgangi on November 08, 2012, 06:46:27 PM
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Welcome to a new state of economics people..let me tell you whats going to happen
every small business owners either has a product or a service..every business owner must find their supplies either from a wholesaler or big time company that sell sit cheaper..these companies where product is developed is usually a big company that has the money and the resources for big and large distribution with big expensive machines to sell whole sale..these companies, due to their abilities and nature, are very successful..liberalls call them "the rich"...what obamas plan is going to do is tax these people at all angles and increase regulation...this will create a harder pre tax margin...all large business rate their success based on pre tax margins..when Obama'/ plan takes into effect..since he is taxing corporations higher and the salaries of the wealthy..add payroll tax..now these corporations will have to adjust their pre tax margins..doing this will make their product rise in price since there is a higher need in profit..the business owner instead of buying at a cheaper rate, now has to pay more ..thus cutting his profit when selling to consumer..thus potentially cutting millions of dollars..business fight for every cent..one less or one more can make or break the longevity and profit margins of the company..
To simply this to liberals...joe the business owner will now have to pay a higher whole sale price for his product due to new laws and regulation that tax the "rich millionaire" more..they had to raise price because of less pre tax margin..well since joe got it more expensive..he lost profit due to market not buying his product more expensive ..
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Okay so you went the long way around it. What you mean is....(You think the added cost will be passed on to the consumer)
1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.
I as the owner had a multitude of ways to cover expenses wheras my employees didnt.
2- Dont worry about the corporations.....they have a million ways to screw you. 8)
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and he is going to take your guns away.. don't forget that ::)
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and he is going to take your guns away.. don't forget that ::)
And he is going to ban recreational fishing, gardening and make your grandmother visit the Death Panel.
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Okay so you went the long way around it. What you mean is....(You think the added cost will be passed on to the consumer)
1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.
I as the owner had a multitude of ways to cover expenses wheras my employees didnt.
2- Dont worry about the corporations.....they have a million ways to screw you. 8)
Ok let's just pretend not everyone was as successful as you..you know, there a joe out there with a business that ends up not paying himself anything because he has to make payroll...due to what Obama is implementing, now he's going to have to fire sme people or cut costs somehow..country is screwed..
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And he is going to ban recreational fishing, gardening and make your grandmother visit the Death Panel.
Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..
Good jobs libs
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Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..
Good jobs libs
A little melodramatic don't ya think?
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Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..
Good jobs libs
My freind. Mitt was a dis-mantler of companies. He could care less if they fail or succeed. He invested 5% to show interest for other investors. Then they borrowed all equity and loaded it with debt (All the while under the muse of saving it for the time it took to kill it) After raking in millions for fees they then pushed it off to taxpayers to absorb thru bancruptcy......Nice job Mitt!!
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Ok let's just pretend not everyone was as successful as you..you know, there a joe out there with a business that ends up not paying himself anything because he has to make payroll...due to what Obama is implementing, now he's going to have to fire sme people or cut costs somehow..country is screwed..
Payroll and employee benefits (i.e healthcare) are tax deductible to the company. The company no matter how small gets to lower it tax based earnings because of these expenses......so its an offset.
Are you a fox news guy or something? You seem to have only half the story.
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Payroll and employee benefits (i.e healthcare) are tax deductible to the company. The company no matter how small gets to lower it tax based earnings because of these expenses......so its an offset.
Are you a fox news guy or something? You seem to have only half the story.
You must not own a business..typical lib.i hope you know that you are speaking to someone n the private equity field..I meet and see the gains and struggles of successful business owners and ones that are hurting..now to speak on taxes..that great it's a tax incentive..taxes are due once a year..what about the 364 other days..every day struggles of running a business..
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My freind. Mitt was a dis-mantler of companies. He could care less if they fail or succeed. He invested 5% to show interest for other investors. Then they borrowed all equity and loaded it with debt (All the while under the muse of saving it for the time it took to kill it) After raking in millions for fees they then pushed it off to taxpayers to absorb thru bancruptcy......Nice job Mitt!!
Look buddy Im way out of your league..I'm not your typical idiot out there..I have a masters in finance and I work for a major financial company at the highest level..Lbo's are an incredible arm of the private equity field...millions of dollars can be made..it's an area in alternative investments and is only meant for wealthy investors..pension funds invest in Lbo's to help people retire...
Now about romney..he was in venture capital..completely different field..venture capital has the highest degree of risk in all areas of investing..top level venture capital like romney was in and owned a business in, is the highest level of finance mixed with the hardest ability to raise funds..the highest level of salesmanship and business savy ness is needed..guys at romney's level are the brightest business guys mixed in with harvard mba's or other Ivy League schools..
Burger King, dominos pizza, amc theathers, brookstone , sport authority, staples, Burlington coat factory, and hundreds of others more..nothing like that
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You must not own a business..typical lib.i hope you know that you are speaking to someone n the private equity field..I meet and see the gains and struggles of successful business owners and ones that are hurting..now to speak on taxes..that great it's a tax incentive..taxes are due once a year..what about the 364 other days..every day struggles of running a business..
You must not own a business. Taxes are due quarterly. And the strong survive and the weak die. Your not into free market or capitialism I take it?
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Interesting change from the start of the thread. Google has been good to you. Yes equity firms have their role in business....but bains record.....not so good.
Congrats on your masters finance degree...lmao. The internet is a magical place.
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You must not own a business. Taxes are due quarterly. And the strong survive and the weak die. Your not into free market or capitialism I take it?
Businesses that are currently struggling because of low profit margins can surely take your advice..lets see what happens to them once the mayhem reaps upon them..both in taxes and Obama care..how about the ones planning for expansions..surely going to hold that down..
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Okay so you went the long way around it. What you mean is....(You think the added cost will be passed on to the consumer)
1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.
I as the owner had a multitude of ways to cover expenses wheras my employees didnt.
2- Dont worry about the corporations.....they have a million ways to screw you. 8)
in your instance you were the only one or a one of a group that had its costs raised. So the customers had a choice of continuing to patron your company or go elsewhere not effected by your suppliers price hike. Thats why you had to find other ways to eat the cost.
In taxes EVERYONE gets hit, if EVERYONE passes it on or the vast majority do which they are certain to do the customer has no choice. Even if they go to a competitor there are still paying for the extra cost b/c EVERYONE passed it on...
Now take what we have just learned and apply it to obamacare...
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in your instance you were the only one or a one of a group that had its costs raised. So the customers had a choice of continuing to patron your company or go elsewhere not effected by your suppliers price hike. Thats why you had to find other ways to eat the cost.
In taxes EVERYONE gets hit, if EVERYONE passes it on or the vast majority do which they are certain to do the customer has no choice. Even if they go to a competitor there are still paying for the extra cost b/c EVERYONE passed it on...
Now take what we have just learned and apply it to obamacare...
Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy?? You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad??? Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.
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Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy?? You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad??? Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.
I`m unhappy because its not single-payer nor does it contain a public option yet. I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.
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Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy?? You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad??? Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.
for some one who owned a business you sure have horrible understanding of it. So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?
you think we arent going to pay for this but truth is we will still pay for it but in another way.
by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.
I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....
I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.
you didnt address my point on obamacare and the cost of business and its effects on the end consumer....
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I`m unhappy because its not single-payer nor does it contain a public option yet. I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.
We have to take baby steps TA. These guys will freak... ;D
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I`m unhappy because its not single-payer nor does it contain a public option yet. I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.
No worries adonis this is just a step in that direction, I said from the beginning that obama passed a shitty bill that he could get passed knowing that further down the line it will need to be fixed and when it does...Single payer will be pushed
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for some one who owned a business you sure have horrible understanding of it. So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?
you think we arent going to pay for this but truth is we will still pay for it but in another way.
by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.
I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....
I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.
you didnt address my point on obamacare and the cost of business and its effects on the end consumer....
Wow. your all over the place. I didnt say we dont have to pay for it....I said we get deductions as business for it.......good gawd.
Your 30 million number is way off...that what would be added as revenue....good gawd again.
And how can someone in poverty pay for it dummy....pull it outta their ass?? Be somewhat intelligent please.
Its late. im out.
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Wow. your all over the place. I didnt say we dont have to pay for it....I said we get deductions as business for it.......good gawd.
Your 30 million number is way off...that what would be added as revenue....good gawd again.
And how can someone in poverty pay for it dummy....pull it outta their ass?? Be somewhat intelligent please.
Its late. im out.
WTF are you talking about?
so you admit that obamacare will raise costs for business which will be passed on to the consumer?
The 30 million came from the CBO, you know that group that obama touted to get the bill passed?
how are 30 million still being uninsured going to be counted as revenue? LMFAO what kind of business did you own?
so you admit that we will still be paying for those ppl who didnt have insurance in the first place?
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No worries adonis this is just a step in that direction, I said from the beginning that obama passed a shitty bill that he could get passed knowing that further down the line it will need to be fixed and when it does...Single payer will be pushed
I absolutely hope so. Its going to happen, it has to. Its the only cost-effective and sustainable system. It also puts the emphasis on improving care. Plus its morally right that we do so. Making profit off of human suffering is sickening to me.
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for some one who owned a business you sure have horrible understanding of it. - So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?
I just saw this part.....why do you have half the facts? The actuaries do these numbers. The risk pool is decreased by the revenue created...its built in tony. If anything prices will drop because of competitiveness.
you think we arent going to pay for this but truth is we will still pay for it but in another way.
by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.
I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....
I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.
you didnt address my point on obamacare and the cost of business and its effects on the end consumer....
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its possible I agree with you, is it going to happen....LOL no....by the way the risk pool is increased and the risk maybe diffused through the increase in healthy individuals...MAYBE...
This depends on the overall health of those that come on to the insurance rolls. You know all those sick ppl the bleeding hearts told us about that couldnt get insurance. You think its going to be cheaper with all them on insurance?
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Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy?? You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad??? Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.
This!!
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The 30 million you talk of is a projected number that takes into account the states that will opt out of increasing medicaid coverage....thus leaving some hanging. But they will be able to buy on the exchange markets.....so the number is only an estimate.
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The 30 million you talk of is a projected number that takes into account the states that will opt out of increasing medicaid coverage....thus leaving some hanging. But they will be able to buy on the exchange markets.....so the number is only an estimate.
so youre saying they will be able to buy insurance?
kinda like THEY CAN NOW!!!!!
the 30 million number is from the same ppl obama touted to get the shame bill passed.
you still havent addressed the point of how it will effect the cost of business and the cost to the end consumer.
I dont blame you b/c you obviously know this will dramatically raise the cost of business and the excess cost will get passed onto the consumer and that hurts your case but hey you can keep your head in the dirt if you want to.
what type of business did you own war horse?
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Taxing the rich won't hurt so I'm willing to give it a try
let's see what happens
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Lol. obama would let taxes go from 35 to 38 percent on people who are making a yearly net profit of 250,000 and more.
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Welcome to a new state of economics people..let me tell you whats going to happen
every small business owners either has a product or a service..every business owner must find their supplies either from a wholesaler or big time company that sell sit cheaper..these companies where product is developed is usually a big company that has the money and the resources for big and large distribution with big expensive machines to sell whole sale..these companies, due to their abilities and nature, are very successful..liberalls call them "the rich"...what obamas plan is going to do is tax these people at all angles and increase regulation...this will create a harder pre tax margin...all large business rate their success based on pre tax margins..when Obama'/ plan takes into effect..since he is taxing corporations higher and the salaries of the wealthy..add payroll tax..now these corporations will have to adjust their pre tax margins..doing this will make their product rise in price since there is a higher need in profit..the business owner instead of buying at a cheaper rate, now has to pay more ..thus cutting his profit when selling to consumer..thus potentially cutting millions of dollars..business fight for every cent..one less or one more can make or break the longevity and profit margins of the company..
To simply this to liberals...joe the business owner will now have to pay a higher whole sale price for his product due to new laws and regulation that tax the "rich millionaire" more..they had to raise price because of less pre tax margin..well since joe got it more expensive..he lost profit due to market not buying his product more expensive ..
Tax is a penalty.
Penalize what you don't want.
Producers must raise prices if the government steals from them.
Communism has never worked.
Make crime a huge ticket like 10,000 etc for robbery owed to who you rob.
etc.
lawyer are not productive, replce them with software
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Communism has nothing to do with taxation. In fact I'm fairly certain that in a true communist society- in the communism envisioned by Marx- there wouldn't be any taxation at all. Just shared community ownership, shared consumption of goods; this no need for any taxes regulations or programs. All that being said, obama only wants to let taxes go up from 35 to 38 percent and only on people making 250k. That means you have 20000 per momth to append on your own personal consumption. That is extremely wealthy.
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Taxing the rich won't hurt so I'm willing to give it a try
let's see what happens
Ernst and Young disagree...
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Ernst and Young disagree...
Who cares.
They were paid to reach that conclusion
The CBO disagree with E&Y
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Who cares.
They were paid to reach that conclusion
The CBO disagree with E&Y
LMFAO they were paid to conduct an unbiased study and they did.
so its between the CBO and one of the most respected accounting/consulting firms in the world eh?
hahahaha yea Ill go with EY...
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LMFAO they were paid to conduct an unbiased study and they did.
so its between the CBO and one of the most respected accounting/consulting firms in the world eh?
hahahaha yea Ill go with EY...
how do you know it was unbiased. There were many criticisms of the study and it's conclusion and you can bet if it had reached a different conclusion it would have never seen the light of day
Anyway, all a moot point as no one gives a shit what E&Y think and we're going to see marginally higher taxes on people making over 250k and we'll soon know whether E&Y or the CBO is correct
My money is on the CBO and also on common sense
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how do you know it was unbiased. There were many criticisms of the study and it's conclusion and you can bet if it had reached a different conclusion it would have never seen the light of day
Anyway, all a moot point as no one gives a shit what E&Y think and we're going to see marginally higher taxes on people making over 250k and we'll soon know whether E&Y or the CBO is correct
My money is on the CBO and also on common sense
b/c I looked at it and didnt see anything biased about it, what makes you think its biased?
common sense would say to cut spending instead of raising taxes as cutting spending has a much greater impact on debt reduction than tax hikes ;)
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b/c I looked at it and didnt see anything biased about it, what makes you think its biased?
common sense would say to cut spending instead of raising taxes as cutting spending has a much greater impact on debt reduction than tax hikes ;)
I posted all the info in the thread you made about it before
commons sense says that if someone is making 300k a year then increasing their marginal tax rate by 3% on AGI over 250k is not going to matter to them at all. In this case the extra 50k (from 251k to 300k) is taxed an additional 3% or a whopping $1500
I can also draw on my own personal experience as I've had years when my AGI exceeded 250k and I can tell you the extra 1500 + or wouldn't bother me a bit and I would not even notice it. I would also make sure I'd maxed out my SEP, Health Savings account, etc..