great statement by tbombz , the biggest obama supporter

[tbombz]

Or businesses that gross 250k...please.

business or personal income? big difference

[Coach is Back!]

business or personal income? big difference

It doesn't matter. But small businesses that make $250k or more will get hit. I already knew this but when I filed my 2011 taxes and payed my Jan 15 quarterly today.....my accountant reminded me.

[tbombz]

It doesn't matter. But small businesses that make $250k or more will get hit. I already knew this but when I filed my 2011 taxes and payed my Jan 15 quarterly today.....my accountant reminded me.

i think a business that makes 250k a year definitely needs tax breaks, but a person making 250k a year can afford to give a big chunk to the government.

[reppingfor20]

i dont think repping for 20 would advocate raising your taxes , im pretty sure hes talking about the people worth billions

x2, kevin guy has a hard on for me lol

[reppingfor20]

It doesn't matter. But small businesses that make $250k or more will get hit. I already knew this but when I filed my 2011 taxes and payed my Jan 15 quarterly today.....my accountant reminded me.

they need to file differently and they won't get hit.  Tbombz I agree people making over 250k personally definitely need to fork over more than 50% of their income.

[SOMEPARTS]

Then the guys that own businesses that gross 250k won't want to become the guys that make 250k, and there's a break point where you start not wanting to do more business for the hassle.

It never ceases to amaze me how little credit people who run businesses get. Like we figure out how to do all this - employ people, worker's comp, taxes, medical, all the hats you have to wear....to give the government half.

Fuck that noise. Fuck that noise in the god damned ass. Only those of us who pay understand. We are now the minority, and nobody young wants to be a capatalist sucker.

[Marty Champions]

What he means is the debt is inconsequential as long as nobody has the balls to come collect.

And he's right, the debt is not Obama's fault at all. Lot's of things Obama can be blamed for, that ain't one of them.

thats like saying its inconsequential to beat an old lady as long as she doesnt have a knife or a gun on her

however

"national/ world wide" debt is an illusion theres no way to properly audit/ survey all that bullshit. we are not in any debt as a country its an illusion put in the media to create divide and unrest.

personal debt between man and another man is not an illusion its the real deal because it can be documented easily. you can never keep up with country to country transactions this is how the government media rep and demo's like to fuck everyone they just flood the airwaves with money going this that and the other way and you never ever know the truth

best to keep things on a personal level. keep the morals in check, its never right to not pay another man or hoe his due

these rich chinamen or rich usa men arab ect have everything they want, these are the people that run buisness for profit and have been for years and have been simply grandfatherd in thus they dont care if USA ows them a shitload of money theres no need to do "repossession" or a forecable collection theres simply no need, but they get a kick out of worrying the shit out of the average meat eating USA'r into beleiving all of this economical crisis bullshit  . Nothing wrong with that but people dont need to beleive this country is in debt and we arent in debt to our government but we are to our credit card companies unless we act stupid with our personal credit cards. So be responsible personally dont get caught up in the rooting for obama this romney that bullshit

[Coach is Back!]

i think a business that makes 250k a year definitely needs tax breaks, but a person making 250k a year can afford to give a big chunk to the government.

Tbombs. If a persons gross income is 250k that's 20833mo. If they have let's say 10k in expenses per month ( and that's a very reasonable figure) they are taxed about 40% of the remainder depending on write offs. That doesn't leave a whole hell of a lot. 40% and you want to tax more? How much more?

[reppingfor20]

Then the guys that own businesses that gross 250k won't want to become the guys that make 250k, and there's a break point where you start not wanting to do more business for the hassle.

It never ceases to amaze me how little credit people who run businesses get. Like we figure out how to do all this - employ people, worker's comp, taxes, medical, all the hats you have to wear....to give the government half.

Fuck that noise. Fuck that noise in the god damned ass. Only those of us who pay understand. We are now the minority, and nobody young wants to be a capatalist sucker.

that is good, greed is bad, we need to limit what people make and want in this society, this society is focused on material goods that doesn't make you happy. 

[Coach is Back!]

they need to file differently and they won't get hit.  Tbombz I agree people making over 250k personally definitely need to fork over more than 50% of their income.

Seriously sister. You just need to shut the Fuck up.

[reppingfor20]

Tbombs. If a persons gross income is 250k that's 20833mo. If they have let's say 10k in expenses per month ( and that's a very reasonable figure) they are taxed about 40% of the remainder depending on write offs. That doesn't leave a whole hell of a lot. 40% and you want to tax more? How much more?

who the hell has 10k in expenses per month LOL, talk about ultra rich, you need to be taxed out the ass to bring your ass back to earth.  Most people don't make 20833 in a year.  You are not the average worker, you are an elitist, just like Mitt Romney.

[Montague]

If a persons gross income is 250k that's 20833mo. If they have let's say 10k in expenses per month ( and that's a very reasonable figure) they are taxed about 40% of the remainder depending on write offs. That doesn't leave a whole hell of a lot. 40% and you want to tax more?

That reasoning may be a little too deep for this crowd, J.

[Marty Champions]

they need to file differently and they won't get hit.  Tbombz I agree people making over 250k personally definitely need to fork over more than 50% of their income.

what should all this tax money go to what will ecompass 50 to 60 percent in tax money? You might be a firm beleiver in more funding for public schools huh oh brother worst money ever spent

i remember in 2nd grade i had a highly advanced reading level and read very fast. but the other kids were very very slow readers, i slowed down because i felt like i was showing off and wanted to make friends, i found acting dumb and making mistakes was the way to make friends at that age... point is nutrition and good parents at an early age matters more than teachers

[Coach is Back!]

that is good, greed is bad, we need to limit what people make and want in this society, this society is focused on material goods that doesn't make you happy. 

I've fucking had it with you. I'm going nag the FUCK out of Ron till you're gone and ip banned for good. Quit stalking me queer.o

[tbombz]

Tbombs. If a persons gross income is 250k that's 20833mo. If they have let's say 10k in expenses per month ( and that's a very reasonable figure) they are taxed about 40% of the remainder depending on write offs. That doesn't leave a whole hell of a lot. 40% and you want to tax more? How much more?

10k per month is alot.. nobodys taxed 40%.. somebody making 250k gets taxed at 33%..  id say thats pretty reasonable actually..  

ideally i would have no income tax on anyone, regardless of income, just place a heavy tax on corporate profits, but only in a global sense. cant do that when companies can just go elsewhere.

[Marty Champions]

that is good, greed is bad, we need to limit what people make and want in this society, this society is focused on material goods that doesn't make you happy.  

bullshit if playing xbox and porn doesnt make one happy  

what about everything you own, what if there was a limitation on the things you owned and they never came out? man stop being dumb!

[SOMEPARTS]

Totally disgusting.

This is what I'm talking about. Most of you have NO CLUE about running a small business. Not working in a cubicle, or going to school for 10 years to work 3 and end up on 3 years of unemployment....I'm talking about opening the door and letting the employees in and closing up when they leave and doing everything.

I guess am the type of rich you hate, the kind you can see - but I'm not flying a private jet around on the company dime like you would make it out I am. I am however employing your peers and being financially successful so payback time right?

If you can't fathom 10k in monthly costs you have no reason to comment further because you are truly ignorant of how the small biz sector works. It's all cost, what you keep if you are lucky after paying everything is then partitioned further by tax.

[SOMEPARTS]

And you guys don't even understand the difference between gross/net income of the business after cost vs personal income. It's like you are 10 years old on this stuff. Seriously.

[tbombz]

Totally disgusting.

This is what I'm talking about. Most of you have NO CLUE about running a small business. Not working in a cubicle, or going to school for 10 years to work 3 and end up on 3 years of unemployment....I'm talking about opening the door and letting the employees in and closing up when they leave and doing everything.

I guess am the type of rich you hate, the kind you can see - but I'm not flying a private jet around on the company dime like you would make it out I am. I am however employing your peers and being financially successful so payback time right?

If you can't fathom 10k in monthly costs you have no reason to comment further because you are truly ignorant of how the small biz sector works. It's all cost, what you keep if you are lucky after paying everything is then partitioned further by tax.

i think we were talking about 10k in personal costs, housing, food, recreation. not cost of business.

[SOMEPARTS]

Okay...so if that's the case what we're rationalizing is 250k personal income taxed at 50%, leaving 125k. So that's the max that the average Obama supporter would "allow" one to have because they can't imagine what living better would be like? So we should ban cars that cost 80k and million dollar homes? Stop allowing vacations and high life? Regulate what percentage a person spends? I just don't get the financial ceiling we would have here. You see how it just seems like haterism for those who have been working? In my case I created something out of nothing...do you think I'd actually pay that 50% rate? I'd just fire everyone and do it on a smaller scale and make myself the same money. I know that can't be done in all cases but in my case if I get taxed further that's what I'd do. That is an economy killer.

[tbombz]

warren buffet said "ive never known a businessman who would turn down a deal because it was going to be taxed"

while taxes are a disincentive they arent going to kill the market unless they are near 100%, as long as theres a dollar to be made someones going to make that dollar

i dont advocate 50% tax on income. if you read above my ideal system would be zero income tax and a heavy tax on corporate profits as the only form of government revenue. but only if this was worldwide regulation, wouldnt work when companies can just o elsewhere.

as for capping someones income. ya, i would agree with that. lets say 100 million dollars. nobod can have more than that. its arbitrary but id support it.

[SOMEPARTS]

This taxing only the huge multi-national corporations is a fairly tale. They own the government and have the means to put laws in place for themselves. They'd just break up into whatever legal entity was needed to avoid tax again. That's the issue, we keep going back to "paying tax is for suckers"....the problem is the suckers are smarter than the average bear and nobody gives them any credit. The final result of this is Obama both protects a company like GE and goes after me because I have no lobbying power. I'm too busy doing the deal. I see this stuff getting pretty bad in the future and I'm already looking at cash businesses. There will be a tax revolt at some point from those left who pay. At the core of this is again taxation without representation. 

[tbombz]

just playing devils advocate here..

small business are inherently going to be less efficient than big business

keeping tax rates low on big business keeps the large employers here

taxing the small business heavily should clear the market of inefficiencies and make for a more productive economy

yes?

[SOMEPARTS]

To that I would say you are a Socialist. I'm not throwing the word around in a derogatory manner. This is textbook thinking that the government can make decisions better than we can make for ourselves based on the efficiency of centralized power. The government IS representative of large business after all.

And about keeping big business here....that horse has already left the barn. This is my point, you can't get blood out of a stone. You have to lower Federal spending and try to get some tax money from the corporations but not deter those of us who are smaller and paying our bills because if I cash out and stop being a believer in this stuff I'll never come back. That superceeds the condition of the "market" in the domestic sense.

[Busted]

6th grade government class people, or did everyone drop out of school in the 5th grade?

Did we become a monarchy in the past 3 years, or do we have a system that has 535 members of CONGRESS that might have something to do with this...