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Originally Posted by lincpimp
Now is the 250k gross or net? Or profit? I make more than 250k gross, but somehow spent all of it doing business. I pay myself a small salary and even had to stop doing that for a few months to keep my business afloat. I did not have to fire anyone, and paid all of my bills. I did show a loss, but all of the social security tax, and sales tax and all of the other taxes still had to be paid. The gov't views my loan payments as income, so I do not get any money, but still get taxed on it (asset building?), and I guess I do own more of my business, but it is a hard pill to swallow. Especially when I am paying for some worthless shit bags to get welfare checks, and more worthless shit bags to run the country. I should take the sign off the building and do cash jobs only... Screw all of them!!!
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I am not actaully sure if its net or gross as I never heard anyone actually say. I believe the plan was "if you make $250k or more" than you would get higher taxes. I can't see how this would be gross as you never actually made $250k. I'm no Einstein but I would think that even if it is gross, your business can pay yourself a $249.99k salary so your business would have very little profits to tax.
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Since that top 1% is of no significance to me, I focus on what is. Obama's tax plan will increase regulation, tax burden, and weight on my back as a middle class American (thanks for the analogy). I'm in a fragile enough position to where any additional load may well break my back. It's O.K. though, he'll give me everything I need after I'm no longer able to provide it for myself.
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The top 1% has no significance, are you kidding me? How do you think we got in this catastrophe right now? It wasn't from padding the pockets of the middle class I can tell you that. What did cause this was greedy businesses. You know, there used to be laws on the books that made it illegal to charge more than 19% interest, as anything more than 19% makes it impossible to pay off the loan making min monthly payments. This is called usery and the banks have been charging this kind of interest ever since the deregulation. So, the idea that regulation is not needed is a very scary idea as thats what got us here in the first place.
It's funny how rich business people say that socialism is bad but when the system is setup so that big business makes out like bandits its OK because thats the American way. I get capitalism, its a good thing, but still needs regulations to keep the greedy ones in check.