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Reply #47: Ah yeah I did confuse you for the OP. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-27-10 10:28 AM
Response to Reply #46
47. Ah yeah I did confuse you for the OP.
Edited on Tue Jul-27-10 11:00 AM by Statistical
The only thing to watch out for will be law of unintended consequences.

Asshole boss sees his post-tax income fall 3% institutes a 3% reduction in wages (thus boosts profits, thus his post-tax income is equal or higher despite higher taxes). Employees pay he cost of his increased taxes.

With the labor market as weak as it is what are employees going to do quit? To 10% unemployment? To potentially an even lower paying job?
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  -If you make more than $250,000 a year ... Lesleymo  Jul-27-10 06:11 AM   #0 
  - What percentage will their taxes go up?  Champion Jack   Jul-27-10 06:13 AM   #1 
  - Back to the rates under Clinton.  safeinOhio   Jul-27-10 07:21 AM   #13 
     - and our deficit went away, too.  Dappleganger   Jul-27-10 08:30 AM   #25 
  - A good republican whine has never been deterred by facts.  hobbit709   Jul-27-10 06:21 AM   #2 
  - A sole proprietor means there is only one owner  Travis_0004   Jul-27-10 06:24 AM   #3 
  - Welfare for the wealthy nt  Xipe Totec   Jul-27-10 06:25 AM   #4 
  - You can be a sole proprietor (owner) and have employees. Not everyone  pnwmom   Jul-27-10 06:30 AM   #5 
  - if they are reporting all income earned from their business on their personal tax return  ejpoeta   Jul-27-10 06:32 AM   #6 
  - I think that this statement is incorrect:  Th1onein   Jul-27-10 06:32 AM   #7 
  - That statement is indeed incorrect  justanaverageguy   Jul-28-10 03:28 PM   #86 
  - It was Paul Ryan on the Chris Matthews show.  FBaggins   Jul-27-10 06:36 AM   #8 
  - Paul Ryan: Big. Lying. Conservative. Dickhead. n/t  librechik   Jul-28-10 12:04 PM   #72 
  - People who report their business income as personal income are tax cheats.  baldguy   Jul-27-10 06:50 AM   #9 
  - That is how it works for partnerships, llcs, and self employed people  Warren Stupidity   Jul-27-10 06:55 AM   #11 
  - completely and utterly wrong...  ProdigalJunkMail   Jul-27-10 06:59 AM   #12 
  - You might want to learn about the taxcode before making false statements.  Statistical   Jul-27-10 08:20 AM   #22 
  - That is true for a S Corph  Bonhomme Richard   Jul-27-10 06:50 AM   #10 
  - He was spinning like a whirling dervish.  Stinky The Clown   Jul-27-10 07:26 AM   #14 
  - Buy your kid a Ford for graduation instead of a Saab or Lexus!  DailyGrind51   Jul-27-10 07:26 AM   #15 
  - It's all about smoke and confusion.  Iterate   Jul-27-10 07:31 AM   #16 
  - If I made more than 250K a year I would have to have a well running business  LaurenG   Jul-27-10 07:31 AM   #17 
  - It isn't "salary" - it's the profits of the business.  FBaggins   Jul-27-10 08:09 AM   #19 
     - Thanks, I misunderstood the whole premise  LaurenG   Jul-27-10 08:36 AM   #28 
     - But salaries are considered business expenses.  Hosnon   Jul-27-10 09:03 AM   #35 
  - What they fail to realize is that "small business owners" who are making $250K and  Vickers   Jul-27-10 07:32 AM   #18 
  - And fast food franchises... and dry cleaners...  FBaggins   Jul-27-10 08:11 AM   #20 
  - sole proprietor doesn't mean what you think it means.  Statistical   Jul-27-10 08:16 AM   #21 
  - Why wouldn't all business expenses be accounted for before taxes are assessed?  Hosnon   Jul-27-10 09:38 AM   #37 
     - You are correct. NT  truckin   Jul-27-10 09:46 AM   #40 
     - I never said $250,000 was chump change.  Statistical   Jul-27-10 10:04 AM   #41 
        - I think you have me confused with the OP.  Hosnon   Jul-27-10 10:24 AM   #46 
           - Ah yeah I did confuse you for the OP.  Statistical   Jul-27-10 10:28 AM   #47 
              - Why is the boss an asshole?  justanaverageguy   Jul-28-10 03:48 PM   #87 
  - Nol only that  dmallind   Jul-27-10 08:23 AM   #23 
  - Or another way to get your post-tax income back up to the same level  Statistical   Jul-27-10 08:27 AM   #24 
  - I suspect that is why the economy always does so much better under Democratic Presidents.  ieoeja   Jul-27-10 01:25 PM   #57 
  - Sole proprietors can have employees, they just don't have any co-owners  uncommon   Jul-27-10 08:30 AM   #26 
  - The $250,000 figure is being used as a smoke screen  slackmaster   Jul-27-10 08:33 AM   #27 
  - This is a false argument. If a small business owner can make  truckin   Jul-27-10 08:37 AM   #29 
  - That's true - small business owners more than any others are going to want to always do  cbdo2007   Jul-27-10 08:45 AM   #30 
  - The Definition Of Rich...  KharmaTrain   Jul-27-10 08:45 AM   #31 
  - you are wrong... sorry  MAcciard   Jul-27-10 08:55 AM   #32 
  - You report all of your income, not revenue. NT  truckin   Jul-27-10 08:56 AM   #33 
     - Technically you report both.  Statistical   Jul-27-10 10:10 AM   #44 
        - Agreed, but you only pay taxes on income. NT  truckin   Jul-27-10 10:17 AM   #45 
           - True to a point...  MAcciard   Jul-27-10 11:12 AM   #50 
              - Ok, here is an example using a really greedy, evil HUMUNGOUS Corp.  MAcciard   Jul-27-10 11:27 AM   #51 
  - Any small business owner who is paying himself/herself $250,000 per year is not struggling.  Hosnon   Jul-27-10 08:56 AM   #34 
  - $250,000 in business income does not mean the owner paid himself $250,000.  Statistical   Jul-27-10 10:08 AM   #42 
     - Most small businesses that I encounter aren't concerned about expansion, etc.  Hosnon   Jul-27-10 10:29 AM   #48 
     - You make good points about how much an owner receives but  truckin   Jul-27-10 10:29 AM   #49 
     - There is no "regardless of tax rate" calculus.  FBaggins   Jul-27-10 02:53 PM   #58 
        - You're missing my point. If you have a landscaping business  truckin   Jul-28-10 08:09 AM   #67 
           - That's an artificial scenario  FBaggins   Jul-28-10 09:16 AM   #69 
              - It's not an artificial scenario and there is no presumption of an  truckin   Jul-28-10 09:44 AM   #70 
                 - Of course it is.  FBaggins   Jul-28-10 11:57 AM   #71 
                    - Please provide an example where a company would not hire an  truckin   Jul-28-10 12:14 PM   #73 
                       - Lol !  FBaggins   Jul-28-10 12:39 PM   #74 
                          - I asked you to provide an example to back up your point and it  truckin   Jul-28-10 02:01 PM   #75 
                             - You appear to operate under the delusion that you GAVE an example.  FBaggins   Jul-28-10 02:18 PM   #77 
                                - Do you own a small business? Have you ever paid an employee?  truckin   Jul-28-10 02:21 PM   #78 
                                - Plenty of them  FBaggins   Jul-28-10 02:24 PM   #79 
                                   - You've paid employees but you never owned a business? Is that  truckin   Jul-28-10 02:31 PM   #81 
                                      - Did you read the update?  FBaggins   Jul-28-10 02:44 PM   #83 
                                - You make the following statement and this is where we may not be  truckin   Jul-28-10 02:29 PM   #80 
                                   - It's obvious that we're "not connecting" - but it isn't for the reason you assume.  FBaggins   Jul-28-10 02:38 PM   #82 
                                      - It sounds like your experience is working for a larger company.  truckin   Jul-28-10 03:16 PM   #85 
                                         - Very well. But now it sounds as if...  FBaggins   Jul-29-10 12:10 PM   #88 
                                            - All right, you dragged me back in.  truckin   Jul-29-10 01:05 PM   #89 
                                               - Ok. I'll drag some more.  FBaggins   Jul-29-10 04:22 PM   #91 
     - Thank you  MAcciard   Jul-27-10 12:01 PM   #53 
  - the "small business owner" canard is at best an argument for a tax break for SMALL BUSINESS OWNERS  unblock   Jul-27-10 09:38 AM   #36 
  - This is the flip side of the Rahm canard that Dems want to "extend the taxcuts"  Romulox   Jul-27-10 09:41 AM   #38 
  - Well technically it is $250K married. $250K married isn't in top 5% of earners. Maybe top 10%.  Statistical   Jul-27-10 10:09 AM   #43 
     - No... $250k puts you in the top 5%  FBaggins   Jul-27-10 11:27 AM   #52 
  - Ridiculous  lumberjack_jeff   Jul-27-10 09:43 AM   #39 
  - That is pure B.S.  Motown_Johnny   Jul-27-10 12:07 PM   #54 
  - Sorry... that's simply wrong.  FBaggins   Jul-27-10 01:11 PM   #56 
     - any way to support that "fact"  Motown_Johnny   Jul-27-10 05:21 PM   #60 
     - Which?  FBaggins   Jul-27-10 08:07 PM   #64 
        - this one  Motown_Johnny   Jul-28-10 03:12 PM   #84 
     - here is a link to which seems to agree with me  Motown_Johnny   Jul-27-10 05:44 PM   #63 
        - No... you've confused to similar figures  FBaggins   Jul-27-10 08:11 PM   #65 
           - Well, one of us is confused (perhaps both)  Motown_Johnny   Jul-28-10 02:15 PM   #76 
  - a friend of mine  GSLevel9   Jul-27-10 12:15 PM   #55 
  - We're small business owners.  Greyskye   Jul-27-10 05:13 PM   #59 
  - If it reported on their personal income tax return, then they ARE earning that much  Orangepeel   Jul-27-10 05:22 PM   #61 
  - Some small business owners take a salary, which takes  Cleita   Jul-27-10 05:23 PM   #62 
  - Do they have *ANY* idea how the economy works? Any at all?  Initech   Jul-27-10 08:12 PM   #66 
  - That's only 2% of small business owners.  Overseas   Jul-28-10 08:38 AM   #68 
  - Let's say I'm a small business with 6 employees and I pay them a decent wage.  4lbs   Jul-29-10 01:24 PM   #90 

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