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