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Small Business Jobs Bill

Started by Conan71, September 03, 2010, 12:14:36 PM

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Hoss

Quote from: guido911 on September 07, 2010, 02:34:19 PM
Conan, that will never happen. Boldness and risk taking are not in those posters' DNA. They would rather sit in the bleachers of some other person's ballpark and gripe. That's so much easier after all.

Wow.

Yes Townsend, practicing restraint.

;D

Cats Cats Cats

Quote from: guido911 on September 07, 2010, 02:34:19 PM
Conan, that will never happen. Boldness and risk taking are not in those posters' DNA. They would rather sit in the bleachers of some other person's ballpark and gripe. That's so much easier after all.

Well you both don't have any clue what you are talking about.  Because your company would have to pay taxes on the earnings and then you would have to pay taxes on the dividend.

guido911

Quote from: Trogdor on September 07, 2010, 06:52:17 PM
Well you both don't have any clue what you are talking about.  Because your company would have to pay taxes on the earnings and then you would have to pay taxes on the dividend.

Yeah, what the hell do I know about running a business, it's not like I ACTUALLY DO!
Someone get Hoss a pacifier.

nathanm

Quote from: guido911 on September 07, 2010, 07:10:07 PM
Yeah, what the hell do I know about running a business, it's not like I ACTUALLY DO!
As much as you like to think so, you ain't the only one, Jack.

Either way, my understanding is that dividends are taxable to the company as earnings and to the recipient. One of us needs to get a new accountant.

And Conan, you forget that the reason they pay so little in tax is because they don't earn very much in wages from their companies, they make their money in capital gains and dividends. That reduces your individual tax burden if the company has a bunch of unrelated shareholders. Not so much in a single owner LLC electing corporate tax treatment, as any tax the company pays is coming directly out of your pocket as the sole owner.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln

guido911

Quote from: nathanm on September 07, 2010, 07:26:49 PM
As much as you like to think so, you ain't the only one, Jack.


That was not my point , Jack.
Someone get Hoss a pacifier.

Conan71

#20
Earth to Nathan: What do you think I'm talking about?  That was my whole point. Any corporate officer who reports a salary of say $56mm is a moron. When is the last time you saw a salary of more than $1mm a year?  And these aren't just tax codes wealthy Repugnicans dreamed up. Dims in DC are doing their best to protect their major donors and bundlers while making schlubs like you believe they are going to stick it to the evil capitalists.  Mr. Buffett and Mr. Gates have always had the opportunity to pay more in taxes. They choose not to. If I were that rich, I'd act like a liberal too and fund their causes to keep their pit bulls off my donkey.

Honestly, I have no problem letting people like the Gates, Buffets, and Kaisers keep more wealth. Their foundations do far more good than the US Gov't could ever hope to.
"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

nathanm

Earth to Conan: You were talking about one of us relatively low earners doing the same with our own businesses. As I (and others) explained, it doesn't work that way for the little guy.

We've been down that road of slashing tax rates over and over again, and it's not doing any good. As I ask about all our other failed policies we seem to be hell bent on continuing to pursue: Why are we continuing to repeat the failed policies of the past?

On that subject, Paul Krugman dug up an interesting Gallup poll from 1938:
Quote
    Do you think government spending should be increased to help get business out of its present slump?
    Gallup Poll, Mar, 1938

    37% Yes

    63% No

    In your opinion which will do more to get us out of the depression: increase government spending, or reduce taxes on business?
    Gallup Poll (AIPO), Mar, 1938

    15% Increase government spending

    63% Reduce taxes on business

    21% No opinion

Didn't work then, in a very similar situation, so why should we do the same thing again in the hope it works?

Guido: Really? How else should I interpret a one liner like "[y]eah, what the hell do I know about running a business, it's not like I ACTUALLY DO!" Seemed to me like a blatant attempt to paint yourself as the sole authority on the subject.
"Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration" --Abraham Lincoln