I can hardly wait...

[bprice_paterfamilias]

Outcaster....I certainly hope that you are right in that the congressional leadership and The President will have the good sense to hold to their p;edge of no new taxes for those with income under $250K; but given that the article you quoted was from Feb 2010, I fear the fluidity of our economic mess and the ever increasing deficit will cause the President's commission on deficit reduction to go ahead and recommend that these tax cuts be reinstated to all. Additionally I forsee a value added tax as is the norm in Europe. The President recently said that some tough decisions were going to have to be made.

For the rest of the world that make over $250K I fear tax increases will also limit their ability to invest and have a slowing effect on an already slow economy. Bfish...if only the administration and Congress would limit new spending, so the increase in tax revenue would go to paying the deficit.

 

[Sniperchoke]

outcaster - 7/5/2010 11:22 AM

Eyeman2 - 7/5/2010 11:51 AM

90 % of companies in the USA are considered a "small business". The MINIMUM loan from the SBA(Small Business Admin) is $250,000.
$250,000 is not a lot of money by today standards. I know some will say, "sure would like to have that $$, would set me free".
SO the Bush tax cuts will hurt most comapnies, and those who make more than $250,000 annual income.
Annual income of $250,000 is achievable very easy in todays economy, for a married couple if you have higher education, are in the right market, and work for achievment. Plain & simple. Others are satisfied with what they have and where they are.It's a matter of choice. There are no limits to what you can do are where you can go in the USA, unless the government puts restrictions your goals.TAXES
If you have a small business and have employees, $250,000 is not a lot.
As for accountants, the first question you ask is, "how much in taxes did you pay last year?"

Like I said....If a "small" business owner and is taking/paying himself a "taxable" (minus deductions and credits)quarter million dollar salary, it's not a "small" business. We're not talking about "business" owners with $250,000 is sales/profits, lets be clear on this. Again, LESS THAN 3% OF AMERICANS FALL INTO THIS BRACKET. We are actually talking about people that can afford to wipe their a$$ with $1000 dollar bills. Stop trying to paint small business owners into this category. I know it makes for a good line at Tea Party Rallies, but it's simply NOT TRUE! As for how much I paid last year.... It's none of your business. But I paid more than some.... and less than others. But I did take advantage of every credit, and deduction that I was legally entitled to.

Who the heck do you think employees most Americans. Most people that make 250 K a year employee several people so when you increase their taxes what do they do? If you answered eliminate workforce go to the front of the class. Now how is that going to help the economy or unemployment rate. This shows just how out of touch with reality you really are.

 

[outcaster]

Sniperchoke - 7/7/2010 10:38 PM

outcaster - 7/5/2010 11:22 AM

Eyeman2 - 7/5/2010 11:51 AM

90 % of companies in the USA are considered a "small business". The MINIMUM loan from the SBA(Small Business Admin) is $250,000.
$250,000 is not a lot of money by today standards. I know some will say, "sure would like to have that $$, would set me free".
SO the Bush tax cuts will hurt most comapnies, and those who make more than $250,000 annual income.
Annual income of $250,000 is achievable very easy in todays economy, for a married couple if you have higher education, are in the right market, and work for achievment. Plain & simple. Others are satisfied with what they have and where they are.It's a matter of choice. There are no limits to what you can do are where you can go in the USA, unless the government puts restrictions your goals.TAXES
If you have a small business and have employees, $250,000 is not a lot.
As for accountants, the first question you ask is, "how much in taxes did you pay last year?"

Like I said....If a "small" business owner and is taking/paying himself a "taxable" (minus deductions and credits)quarter million dollar salary, it's not a "small" business. We're not talking about "business" owners with $250,000 is sales/profits, lets be clear on this. Again, LESS THAN 3% OF AMERICANS FALL INTO THIS BRACKET. We are actually talking about people that can afford to wipe their a$$ with $1000 dollar bills. Stop trying to paint small business owners into this category. I know it makes for a good line at Tea Party Rallies, but it's simply NOT TRUE! As for how much I paid last year.... It's none of your business. But I paid more than some.... and less than others. But I did take advantage of every credit, and deduction that I was legally entitled to.

Who the heck do you think employees most Americans. Most people that make 250 K a year employee several people so when you increase their taxes what do they do? If you answered eliminate workforce go to the front of the class. Now how is that going to help the economy or unemployment rate. This shows just how out of touch with reality you really are.

Just what part of "top 3% adjusted gross income" do you not get? Why are so many of you worried about about protecting the super rich? I know it's the Republican way and all. These are not small, or even medium business owners. Why is that so difficult to understand? Small and medium size business are what drives this economy, not the super rich. c'mon I expect more from you.
So, as for what the super rich will do if their tax rates go back to the levels under Clinton, Bush1, and Reagan..... maybe they will have to let go their illegal immigrant nanny, chef, grounds keeper, pool boy, and chauffeur. I'm not shedding any tears.

 

[Sniperchoke]

outcaster - 7/7/2010 10:09 PM

Sniperchoke - 7/7/2010 10:38 PM

outcaster - 7/5/2010 11:22 AM

Eyeman2 - 7/5/2010 11:51 AM

90 % of companies in the USA are considered a "small business". The MINIMUM loan from the SBA(Small Business Admin) is $250,000.
$250,000 is not a lot of money by today standards. I know some will say, "sure would like to have that $$, would set me free".
SO the Bush tax cuts will hurt most comapnies, and those who make more than $250,000 annual income.
Annual income of $250,000 is achievable very easy in todays economy, for a married couple if you have higher education, are in the right market, and work for achievment. Plain & simple. Others are satisfied with what they have and where they are.It's a matter of choice. There are no limits to what you can do are where you can go in the USA, unless the government puts restrictions your goals.TAXES
If you have a small business and have employees, $250,000 is not a lot.
As for accountants, the first question you ask is, "how much in taxes did you pay last year?"

Like I said....If a "small" business owner and is taking/paying himself a "taxable" (minus deductions and credits)quarter million dollar salary, it's not a "small" business. We're not talking about "business" owners with $250,000 is sales/profits, lets be clear on this. Again, LESS THAN 3% OF AMERICANS FALL INTO THIS BRACKET. We are actually talking about people that can afford to wipe their a$$ with $1000 dollar bills. Stop trying to paint small business owners into this category. I know it makes for a good line at Tea Party Rallies, but it's simply NOT TRUE! As for how much I paid last year.... It's none of your business. But I paid more than some.... and less than others. But I did take advantage of every credit, and deduction that I was legally entitled to.

Who the heck do you think employees most Americans. Most people that make 250 K a year employee several people so when you increase their taxes what do they do? If you answered eliminate workforce go to the front of the class. Now how is that going to help the economy or unemployment rate. This shows just how out of touch with reality you really are.

Just what part of "top 3% adjusted gross income" do you not get? Why are so many of you worried about about protecting the super rich? I know it's the Republican way and all. These are not small, or even medium business owners. Why is that so difficult to understand? Small and medium size business are what drives this economy, not the super rich. c'mon I expect more from you.
So, as for what the super rich will do if their tax rates go back to the levels under Clinton, Bush1, and Reagan..... maybe they will have to let go their illegal immigrant nanny, chef, grounds keeper, pool boy, and chauffeur. I'm not shedding any tears.

Just because the owner makes 250 K a year does not mean they are not a small business owner. Small business is classified in # of employees not income of the owner. I know lots of small business owners that employee 10 to 100 people and guess what if their taxes go up in this current recession then they will layoff employees. So obviously you don't give a durn about a chef, pool company, nanny, chauffeur, or landscapers jobs. I bet there are some people on here that would disagree with you.

 

[Bfish]

Sniperchoke - 7/7/2010 10:35 PM


Just because the owner makes 250 K a year does not mean they are not a small business owner. Small business is classified in # of employees not income of the owner. I know lots of small business owners that employee 10 to 100 people and guess what if their taxes go up in this current recession then they will layoff employees. So obviously you don't give a durn about a chef, pool company, nanny, chauffeur, or landscapers jobs. I bet there are some people on here that would disagree with you.

Hmm not really. See 13 CFR section 121

or click here:
http://ecfr.gpoaccess.gov/cgi/t/tex...view=text;idno=13;node=13:1.0.1.1.16;rgn=div5

 

[Eyeman2]

Super Rich? I know some super rich people and THEY DON"T WORK, they do not have to and their children will never have to. They live off dividends, trusts & investments.
George Soros said, or maybe it was Warren Buffet, "my secretary pays more taxes than I do". wonder why ?? he pays no taxes, he lives off a trust through his company..everything is paid through the company, while the working man pays through the nose.
As far as a Republican thang,,,3 Republican presidents cut taxes and the economy flourished, so did 2 Democract presidents, raise taxes on any working group and you will loose.
The man who works with a shovel, makes a living, the man who uses a back-hoe creates jobs.

 

[Sniperchoke]

Bfish - 7/7/2010 11:34 PM

Sniperchoke - 7/7/2010 10:35 PM


Just because the owner makes 250 K a year does not mean they are not a small business owner. Small business is classified in # of employees not income of the owner. I know lots of small business owners that employee 10 to 100 people and guess what if their taxes go up in this current recession then they will layoff employees. So obviously you don't give a durn about a chef, pool company, nanny, chauffeur, or landscapers jobs. I bet there are some people on here that would disagree with you.

Hmm not really. See 13 CFR section 121

or click here:
http://ecfr.gpoaccess.gov/cgi/t/tex...view=text;idno=13;node=13:1.0.1.1.16;rgn=div5

So let me get this straight a Doctor who makes 250k employs a Nurse, a Secretary, and a Office Manager qualifies as a large business. Again I am talking reality not political correctness.

 

[outcaster]

Some of you guys either don't get it , or refuse to get it. Let me try it another way. 97% of us will see no tax rate increase, and some will even see a decrease. We can argue about what is, or is not classified as a small buniness/owner all day. It really doesn't matter. Only 3% of us will see a rate increase of 4.6 %. This 3% group already pays a smaller percentage of its financial pie in All taxes combined than the rest of us. I'm not convinced that the jobs of the 97% will be affected by a 4.6% tax rate increase of the 3% as long as we have a middle and upper middle class. (History does not bear it out) Actually the reverse is true. In the last decade the top 3% got a 4.6% tax cut. What did it do for the rest of us? We saw a balanced budget go to record deficets, and brought us to the brink of a depression. So much for trickle down economics! It always amazes me that the Republican party (by the rich and for the rich) is so successful at convincing middle and lower income folks to support thier causes, canidates, and agenda. Maybe it's because they have convinced middle, and lower income folks that they really do care about the un-born, gay marriage, and other social wedge issues. When in-fact they really don't. I've called Republicans many things..... The one thing I have never called them is STUPID. Many have called the Democrats the party of "Tax and Spend" The Republican party is the "Tax Cut and spend party".... At least Democrats try to raise spent money either on the front end or back end. Republicans just don't raise the money at all to pay for their agenda. Which is more honest?

 

[Sniperchoke]

How we soon forget that one of the first things Obama did was raise taxes disproportionately on the poor. The 150% increase in the tobacco tax affected the poor 27 times more than an increase in income taxes would have. I for one will never vote for anyone who increases taxes no matter what the cause. Once the gov't gets their hands on our money it is rare that they ever let go of it.

 

[outcaster]

Sniperchoke - 7/9/2010 6:12 PM

How we soon forget that one of the first things Obama did was raise taxes disproportionately on the poor. The 150% increase in the tobacco tax affected the poor 27 times more than an increase in income taxes would have. I for one will never vote for anyone who increases taxes no matter what the cause. Once the gov't gets their hands on our money it is rare that they ever let go of it.

You outta call it "tough love" Hey!!! I know of a way to get out of paying the tobacco tax......quit smoking.... That way you can tell both the gubment, and the tobacco companies to kiss your butt. Voluntary taxes are the best kind........ I don't have to pay them. Those that smoke are offsetting some of the costs associated with their impending health issues that You and I are paying for thru higher insurance premiums, and higher medical costs. I don't see a downside...... for me at least.

 

[Sniperchoke]

outcaster - 7/9/2010 5:29 PM

Sniperchoke - 7/9/2010 6:12 PM

How we soon forget that one of the first things Obama did was raise taxes disproportionately on the poor. The 150% increase in the tobacco tax affected the poor 27 times more than an increase in income taxes would have. I for one will never vote for anyone who increases taxes no matter what the cause. Once the gov't gets their hands on our money it is rare that they ever let go of it.

You outta call it "tough love" Hey!!! I know of a way to get out of paying the tobacco tax......quit smoking.... That way you can tell both the gubment, and the tobacco companies to kiss your butt. Voluntary taxes are the best kind........ I don't have to pay them. Those that smoke are offsetting some of the costs associated with their impending health issues that You and I are paying for thru higher insurance premiums, and higher medical costs. I don't see a downside...... for me at least.

None for me either but I'm not poor and I am not addicted to nicotine. My point was to prove that Obama is not just picking on the rich but raised taxes in a regressive manner that disproportionately affected the poor.

 

[TritonAL186]

Well , the way I see it, they can't take what I no longer have and that's money. I'm thinking about moving under the Barrel Creek Bridge , at least I'll have a water front property..... emoLaugh

 

[Eyeman2]

when you tax one class of people to support another class of people, that is called Socialisim. When you tax people with money they cut back on spending, and thus the economy suffers, buy larger inventory.
If you disgruntle the rich, could jealousy be your problem? Exactly what do you call rich? Someone who has more than you or someone who has tried and worked harder. Got lucky? hit the lotto?
If you are not satisfied by your way of life, only you can make the change! no excuses. go dig some gold, now that's real money and hard work.
The deficeit has quadtrippled in 18 months, so don't spin and talk about Dems spending only what they have.they just spent your children/grandchildrens $$, that can only be TAXES, cause the US Government does not produce a product, that is available on the market, much less Wal-Mart.

 

[Eyeman2]

SEIU, the housekeepers Union.There are over 500 Federal Buildings in Washington D.C. who do think cleans these offices and buildings each day/night? How do they get paid? could it be the Federal governemnt?, using tax dollars?
500+ x 5+ floors of offices, is a lot o' cleaning. Sure would like to have a contract cleaning these places.Worth millions!
I think an old 1010 John Deere and a manure spreader would work just fine.
Let's put a tax on new boats, those guys that buy boats must have lots o money, and how 'bout guns, they kill and injure a lot of people, + boats pollute and are noisy, and people drown and causes my insurance to go up, and some need extended care for gun shots and so forth. See what happens when you TAX a product, cause it makes others feel all good inside, and people that are not sportsmen, say, "go for it, they deserve it", and they are doing something good and want people to stop buying new boats and guns. How 'bout a tax on McDonalds burgers, ever see all the fat=obesse people eating there, makes me sick and I'm sure they cause a lot of health issues on them and me, causeing my premiums to go up, for all THEIR health problems.How about Mckee Baking , put them out of business cause they cause fat people. You have to stop being stupid about taxes.The government is a leach, and it's YOUR blood.
Hey guys, you have to STOP taxing a product, cause it makes others feel good, but let's do it for the children. Now there is a point hard to agrue with.

 

[jonathanfaith2]

outcaster - 7/9/2010 6:29 PM

Sniperchoke - 7/9/2010 6:12 PM

How we soon forget that one of the first things Obama did was raise taxes disproportionately on the poor. The 150% increase in the tobacco tax affected the poor 27 times more than an increase in income taxes would have. I for one will never vote for anyone who increases taxes no matter what the cause. Once the gov't gets their hands on our money it is rare that they ever let go of it.

You outta call it "tough love" Hey!!! I know of a way to get out of paying the tobacco tax......quit smoking.... That way you can tell both the gubment, and the tobacco companies to kiss your butt. Voluntary taxes are the best kind........ I don't have to pay them. Those that smoke are offsetting some of the costs associated with their impending health issues that You and I are paying for thru higher insurance premiums, and higher medical costs. I don't see a downside...... for me at least.

I like this "tough love" and there fore I think I will quit my job and stop paying taxes all together so that YOU and everyone else that agrees with this can pay for me. emoHoppingmad emoHoppingmad

 

[elwestb]

... soooo Jonathan, just when are you gonna become a Democrat!? emoScratch emoScratch emoScratch