reflections on the elections...

[Conan71]

Except it is said that small business is the heart of the US economy.  So unless your small business is publicly traded the capital gains tax isn't going to help your business.

What exactly are you thinking being publicly traded has to do with cap gains?  Owners buying and selling stock?  Help me out here.

If you are in the business of buying and selling assets to make money or your business owns real estate or other appreciable assets, cap gains affects you. 

Higher tax rates always force people to find ways to lower their overall burden and the tax codes are written with enough outs to exploit this.  Instead of taking income, your business buys you a company car or purchases real estate which can be sold at a later date which will hopefully have a lower cap gains rate when the real estate is sold at a profit.

[Cats Cats Cats]

While the burden on small businesses paying a lower percentage on long term capital gains.  Larger companies gain more of an advantage from the individual capital gains tax for investment in stocks.  It all depends on if your business is based largely on selling items that will fall under the effect it will have.  I am for having business pay a lower tax rate but not the individual on capital gains.

*Edit: Although it really sucks if you sell an asset , pay the tax, then pay the tax on the profit when you get paid for it*

[heironymouspasparagus]

A little rudeness and disrespect can elevate a meaningless interaction to a battle of wills and add drama to an otherwise dull day.


And here is another thing to do that makes more sense than any Glen Beck rally;
Hearse Con, be there or accept your role as a bitter failure at life.

http://www.hearseclub.com/hearsecon/hearsecon.htm


Geez.....  again.

[heironymouspasparagus]

Capital gains;

Corporation, either C or S can use ISO's (Incentive Stock Options).  Use the tools!  Grant and ISO, vesting in one year.  At the end of the year, sell the stock back to the corp using the money you reserved the previous year.  Instant 15% tax.

[Conan71]

A little rudeness and disrespect can elevate a meaningless interaction to a battle of wills and add drama to an otherwise dull day.


And here is another thing to do that makes more sense than any Glen Beck rally;
Hearse Con, be there or accept your role as a bitter failure at life.

http://www.hearseclub.com/hearsecon/hearsecon.htm


Geez.....  again.

You make a great case for a poll tax.

[RecycleMichael]

how did this thread evolve into a tax discussion?

[Cats Cats Cats]

how did this thread evolve into a tax discussion?

Isn't it always?

[Hoss]

You make a great case for a poll tax.

A friend of mine had a BD party last Saturday and I paid a poll...oh, you mean poll as in 'voter' tax.

Not surprising.

[Conan71]

how did this thread evolve into a tax discussion?

Shhhh, it's part of my plan to eventually steer the conversation to Marshall's.

[Townsend]

Shhhh, it's part of my plan to eventually steer the conversation to Marshall's.

Is everyone voting for Marshalls in the Thirsty Beagle?

http://blog.newsok.com/thirstybeagle/2010/11/11/bcs-last-four-spots-in-sweet-16-up-for-grabs/

Done and done.

[Conan71]

Thank you of reminding me of my civic duty Townsend.

[Townsend]

Thank you of reminding me of my civic duty Townsend.

A candidate I can truly get behind and support.

[Red Arrow]

how did this thread evolve into a tax discussion?

I believe it was:

heironymouspasparagus
Philanthropist

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Posts: 838


       Re: reflections on the elections...
« Reply #100 on: November 07, 2010, 10:37:42 pm » Quote 

--------------------------------------------------------------------------------

That's pretty much the whole point.  The richest have the privilege of paying only 15 to 16% taxes, while we pay 40+.  And they have gotten this special dispensation for 9 years.  And since 4th quarter 2007 until Jan 2010, we were losing jobs while they sit on the cash we put up for them to play with.

[heironymouspasparagus]

Ahhhh...the plaintive bleat of RWRE revisionist history!  Would that I had so much power to completely derail the collective train of thought!  I would use it for good - I promise!

But then again, at the very least, there were posts 74, 75, 78, and 98.  With massive infusions of Tea Party tea-bagging, which definitely would imply a tax component to even the most casual observer.

And wasn't the thread about elections??  And weren't the vast majority of Oklahoma elections based one half on tax cuts and the other half on illegal immigration??  (Answer;  yes.)

But I will accept that notion that I evolved the thread.  I shall play the martyr for the nonce.  (And no, not the sex offender version...)

[Conan71]

Ahhhh...the plaintive bleat of RWRE revisionist history!  Would that I had so much power to completely derail the collective train of thought!  I would use it for good - I promise!

But then again, at the very least, there were posts 74, 75, 78, and 98.  With massive infusions of Tea Party tea-bagging, which definitely would imply a tax component to even the most casual observer.

And wasn't the thread about elections??  And weren't the vast majority of Oklahoma elections based one half on tax cuts and the other half on illegal immigration??  (Answer;  yes.)

But I will accept that notion that I evolved the thread.  I shall play the martyr for the nonce.  (And no, not the sex offender version...)

Still hosting the Bong Show in your spare time I see.  Doesn't your employer require piss tests?