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rushmc

Obama's Bizaro World

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The result is they now choose to blow it as a deduction rather than put it back into the business.

Why does our gooberment want to reward us for irresponsible behavior?



What? Can you rephrase that, because I'm not following how they'd take the deduction without putting it back into the business. Our government taxes income. If the company makes money, they can either reinvest it, and deduct that from their income, or they can keep it as profits and pay taxes on it as income. If you disagree with this approach, what alternative would you suggest?

Blues,
Dave
"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

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Yea, I wrote the gibberish that was in my head.
:P


It just seems to me the way the rules are written is exactly what encourages the desire to spend all the money you can as part of doing business.
A business owner can take very little salary, yet end up not paying for any personal expenses out of pocket - this is THE reason I stopped doing business with a local credit union after being made aware the CEO perks on top of his $600,000 salary.....he is living free off the business.
Write off the vehicle, the fuel, all the credit cards, home repairs, the lunches, the trips, the vacation...errr....the business trip for research....etc etc etc.

That's part of why I like going to lunch with some of my business owner friends. They always buy.

So, thank you US taxpayer for buying the rounds of drinks at the titty bar.

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Yea, I wrote the gibberish that was in my head.
:P


It just seems to me the way the rules are written is exactly what encourages the desire to spend all the money you can as part of doing business.
A business owner can take very little salary, yet end up not paying for any personal expenses out of pocket - this is THE reason I stopped doing business with a local credit union after being made aware the CEO perks on top of his $600,000 salary.....he is living free off the business.
Write off the vehicle, the fuel, all the credit cards, home repairs, the lunches, the trips, the vacation...errr....the business trip for research....etc etc etc.

That's part of why I like going to lunch with some of my business owner friends. They always buy.

So, thank you US taxpayer for buying the rounds of drinks at the titty bar.



Indeed, so why are these small business owners so whiny when the dice are definitely loaded in their favor.
...

The only sure way to survive a canopy collision is not to have one.

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>He demonstrates that over and over ... even with his attacks on Romney. This crap
>about Mitt possibly being a Felon comes with a complete lack of understanding
>corporate structure.

If Romney falsified statements to the SEC, that is a felony. (Just as if Obama did it it would be a felony.)

Yes, most people have a complete misunderstanding of corporate structure. Most people think that if you are listed on SEC documents as the CEO, were paid six figures during that time, and described yourself as an "executive" with Bain, you had something to do with the company. And these people vote.

> Obama wants to claim it is he who is creating jobs

I find it funny that the GOP waffles between two positions:

"Obama's bad decisions lose Americans jobs!"
"Obama's other decisions have NOTHING TO DO with jobs. The President just doesn't have that kind of effect, and only an idiot would claim he does."

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The whole mindset of "if I spend $3000 to better my business, the gooberment will let me take 30% of those costs off my taxes" isn't always an attractive plan to a business.

It reminds me of the shopping cause it's on sale mentality.

It STILL takes money out of their pockets.

No matter what color the fish is.



The amount of money it takes out of their pockets for "bettering their business" is not affected by the income tax rate.
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I think the point here is Obama targeted the wrong individuals. He took an unchoreographed swipe at small biz and it bit back by exposing him for who he really is..."social justice anti-capitalist".

http://foxnewsinsider.com/2012/07/19/talking-points-memo-the-real-barack-obama-finally-stands-up/
Please don't dent the planet.

Destinations by Roxanne

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I think the point here is Obama targeted the wrong individuals. He took an unchoreographed swipe at small biz and it bit back by exposing him for who he really is..."social justice anti-capitalist".



What "unchoreographed swipe at small biz" is that?

A recent analysis by the U.S. Treasury found that only 2.5 percent of small business owners would pay higher taxes (the survey looked at businesses with incomes and deductions of less than $10 million). In expressing concern for "small" business, Republicans often use an overly broad definition that includes mega-wealthy hedge fund managers and other firms organized as partnerships. Obama is right when he notes that 98 percent of American taxpayers wouldn't be asked to fork over another dime.
Source

And
But to what extent would Obama’s tax plan actually affect small businesses?

In its latest estimate last month, Congress’s nonpartisan Joint Committee on Taxation found that in 2013, just 3.5 percent of small business tax filers would pay a higher rate — about 940,000 individuals, many of whom are lawyers and doctors in partnerships. But those few percent account for 53 percent of all small business income.
Source

And
As even House Speaker John Boehner has been known to admit, only 3 percent of small firm proprietors would be affected by these higher taxes, precisely because what’s taxed is profits, not gross revenue. Relatively few people—whether they’re highly skilled professionals, managers of large firms, or owners of small businesses—are successful enough to have more than $250,000 in take-home pay. Those who do, however, derive political benefit from the evident confusion of more humble business owners.

Source

See also:
Still True: Obama Plan Won't Raise Taxes On 97% Of Small Businesses
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Funny that you miss the entire point. His swipe was telling small business owners that they didn't build their small business. Or that they didn't build the roads and the bridges. Has nothing to do with whether he wants to raise their taxes or not. He could have told them he wanted to lower their tax rates. But that's not what he said either. So if it wasn't unchoreographed then he knew exactly what he was doing...class warfare. Either way it will probably go down in history with George's glance at his watch and Lloyd Benson's "Senator, you're no Jack Kennedy".

I know it pains you to see your messiah with that big size 13 in his mouth. Not to worry...you've only got a few more months to look at it. :D Thanks for the gift Barry.

Please don't dent the planet.

Destinations by Roxanne

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His swipe was telling small business owners that they didn't build their small business.



Pointing out that businesses need society in order to be successful is hardly a swipe. It's just a sound observation.
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Pointing out that businesses need society in order to be successful is hardly a swipe. It's just a sound observation. [/replyt]

That is a sound observation. Much like pointing out that toy didn't communicate that idea. The words you used? Invented by others. The thought youy transitted? You didn't write that. Someone else did it.

Pointing out that you couldn't have communicated that thought without people like me reading it is simply common sense. But to suggest that it isn't your thought? That's a whole different thing.

You know the difference.



My wife is hotter than your wife.

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Pointing out that businesses need society in order to be successful is hardly a swipe. It's just a sound observation.



That is a sound observation. Much like pointing out that toy didn't communicate that idea. The words you used? Invented by others. The thought youy transitted? You didn't write that. Someone else did it.

Pointing out that you couldn't have communicated that thought without people like me reading it is simply common sense. But to suggest that it isn't your thought? That's a whole different thing.

You know the difference.



I haven't seen any passage from Obama stating that an entrepreneur's thought isn't his/her own. Would you be so kind as to provide a link? Thanks.
Math tutoring available. Only $6! per hour! First lesson: Factorials!

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>What is bizarre and sad it he thinks nearly no one can succede without his government

No, he didn't claim that the government did it . He just claimed that people just don't do it alone.

==
There are a lot of people in government who help us and allow us to have an economy that works and allow entrepreneurs and business leaders of various kinds to start businesses and create jobs. We all recognize that. That's an important thing.

. . . a lot of people help you in a business. . Banks, investors. There's no question your mom and dad. Your school teachers. The people that provide roads, the fire, and the police. A lot of people help.
==

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>What is bizarre and sad it he thinks nearly no one can succede without his government

No, he didn't claim that the government did it . He just claimed that people just don't do it alone. True in a way, cause that is what he said first. Then, as many have hear, he tried to change it to things the gov provided. He is getting beat over this stupid short sighted comment. As he should be

==
There are a lot of people in government who help us and allow us to have an economy that works and allow entrepreneurs and business leaders of various kinds to start businesses and create jobs. We all recognize that. That's an important thing.

. . . a lot of people help you in a business. . Banks, investors. There's no question your mom and dad. Your school teachers. The people that provide roads, the fire, and the police. A lot of people help.
==



That is what he moved to to cover his butt
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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A gaff is when a politician says what they realy think.




Well, we know what Mitt thinks - both sides of every issue, and whatever his current audience wants to hear.
...

The only sure way to survive a canopy collision is not to have one.

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A gaff is when a politician says what they realy think.




Well, we know what Mitt thinks - both sides of every issue, and whatever his current audience wants to hear.



In other words, whatever will get him elected. Not much conviction or moral base, certainly no Ronald Regan. But at least he is not a communist.

http://www.youtube.com/watch?v=6jrrnkKmUzo



http://www.youtube.com/watch?v=l-HqHSkYG-Y&feature=related

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>What is bizarre and sad it he thinks nearly no one can succede without his government

No, he didn't claim that the government did it . He just claimed that people just don't do it alone. True in a way, cause that is what he said first. Then, as many have hear, he tried to change it to things the gov provided. He is getting beat over this stupid short sighted comment. As he should be

==
There are a lot of people in government who help us and allow us to have an economy that works and allow entrepreneurs and business leaders of various kinds to start businesses and create jobs. We all recognize that. That's an important thing.

. . . a lot of people help you in a business. . Banks, investors. There's no question your mom and dad. Your school teachers. The people that provide roads, the fire, and the police. A lot of people help.
==



That is what he moved to to cover his butt



What he did was to provide a peek at his true would view.







These are gaffes
[url][url] http://www.youtube.com/watch?v=T_AAMa_X2dM&feature=related">
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>What is bizarre and sad it he thinks nearly no one can succede without his government

No, he didn't claim that the government did it . He just claimed that people just don't do it alone. True in a way, cause that is what he said first. Then, as many have hear, he tried to change it to things the gov provided. He is getting beat over this stupid short sighted comment. As he should be

==
There are a lot of people in government who help us and allow us to have an economy that works and allow entrepreneurs and business leaders of various kinds to start businesses and create jobs. We all recognize that. That's an important thing.

. . . a lot of people help you in a business. . Banks, investors. There's no question your mom and dad. Your school teachers. The people that provide roads, the fire, and the police. A lot of people help.
==



That is what he moved to to cover his butt



What he did was to provide a peek at his true would view.







These are gaffes
[url][url] http://www.youtube.com/watch?v=T_AAMa_X2dM&feature=related


The above are gaffes

This is a window his true beliefs:

http://www.youtube.com/watch?v=xFPzVp3MvFg

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In other words, whatever will get him elected. Not much conviction or moral base, certainly no Ronald Regan. But at least he is not a communist.



Moral base and conviction... Are we talking about the same Ronald Regan? The one who sold weapons to Islamic extremist who held 52 Americans hostage for 444 days?

What do you suppose would happen if Obama was found to have sold weapons to Iran?

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