Bush v. Obama tax cuts

[heironymouspasparagus]

His hand slipped when doing the shading.  It starts at the $50,000 level and stops at about $500,000 in the real world.

The Small Business Administration defines a small business as one with less than $7 million per year in revenue for non-manufacturing and less tan 500 employees for manufacturing (higher revenue).  There aren't many at $7 million revenue that get to keep $1 million per year.

But, hey, that's not what is in the script, is it?

[Cats Cats Cats]

And a really easy way for a small business owner making that kind of jack to avoid taxes is to put the money back into his small business.....

Not exactly.  My small business requires inventory being held.  It doesn't count as an expense until I sell it.  So I have to make sure I don't invest too much or I won't be able to pay the taxes on it.

[Cats Cats Cats]

His hand slipped when doing the shading.  It starts at the $50,000 level and stops at about $500,000 in the real world.

The Small Business Administration defines a small business as one with less than $7 million per year in revenue for non-manufacturing and less tan 500 employees for manufacturing (higher revenue).  There aren't many at $7 million revenue that get to keep $1 million per year.

But, hey, that's not what is in the script, is it?

I know Bill Gates need a tax cut because he will hire more people.  Although he will just give it all away to charity at least.  He saved a billion in taxes on Microsoft special dividend.

[heironymouspasparagus]

When Bill Gates, Warren Buffet, and John Bogle types say the Bush tax cuts were the wrong thing to do, I think we ought to at least wonder WHY they would say that and look at the reality behind the events.  Not just keep yapping from the play book about tax cuts.

There is more than ample history to learn from directly applicable to current events.  Over 100 years of it.

 

[swake]

Not exactly.  My small business requires inventory being held.  It doesn't count as an expense until I sell it.  So I have to make sure I don't invest too much or I won't be able to pay the taxes on it.

I guess I should have been more clear, I mean invest back into the business, as in something like a capital expenditure, inventory isn't an investment, it's an asset.

[Cats Cats Cats]

I guess I should have been more clear, I mean invest back into the business, as in something like a capital expenditure, inventory isn't an investment, it's an asset.

Well my business relies on keeping inventory.  I can however buy a warehouse...

[heironymouspasparagus]

Rent the warehouse.  Expense the rent and don't have to amortize.