Value Buy
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Post by Value Buy on Feb 20, 2012 9:20:29 GMT -5
I read that corporations aren't considered small businesses under the SBA definition. you read wrong. two of my three businesses are corporations, and all qualify as Small Businesses under SBA guidelines. So, you have three businesses. I am sure you do not take advantage of any tax incentives available to you and your businesses, based on your political perspective(s). Based on your political rhetoric, obviously you do not take full advantage of any and all tax loopholes out there. This would be quite hypocritical. Obviously you gladly over pay your state and federal tax obligations. Just sayin......
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djAdvocate
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Post by djAdvocate on Feb 20, 2012 15:03:00 GMT -5
you read wrong. two of my three businesses are corporations, and all qualify as Small Businesses under SBA guidelines. So, you have three businesses. I am sure you do not take advantage of any tax incentives available to you and your businesses, based on your political perspective(s). Based on your political rhetoric, obviously you do not take full advantage of any and all tax loopholes out there. This would be quite hypocritical. Obviously you gladly over pay your state and federal tax obligations. Just sayin...... oh joy. the predictable ad hominem attack. and on a subject i have already addressed at length at least twice in the last month. just sayin......
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parker1b2
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Post by parker1b2 on Feb 22, 2012 12:13:48 GMT -5
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billisonboard
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Post by billisonboard on Feb 22, 2012 12:20:55 GMT -5
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zibazinski
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Post by zibazinski on Feb 22, 2012 12:24:28 GMT -5
That ought to make the grasshoppers happy, huh?
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Post by Savoir Faire-Demogague in NJ on Feb 22, 2012 12:50:30 GMT -5
I believe we went through numerous scenarios on this topic last week.
The bottom line is this will only hurt the middle class with taxable mutual funds and the elderly living off dividend paying stocks.
Companies will refrain from declaring and paying dividends and opt instead to use profits otherwise earmarked for shareholder payouts for other uses.
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wyouser
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Post by wyouser on Feb 22, 2012 13:41:38 GMT -5
I believe the President has commented that he knows increasing the rate wont increase the amount of money collected by the Fed...but it will be "fair".
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thyme4change
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Post by thyme4change on Feb 22, 2012 13:47:16 GMT -5
So much for "If you earn less than $250k per year, your taxes will not increase."
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Feb 22, 2012 13:48:45 GMT -5
Since this thread is discussing the same subject as a previous thread, I'm going to combine this thread into that one to maintain continuity of the discussion.
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Deleted
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Post by Deleted on Feb 22, 2012 13:54:03 GMT -5
"Companies will refrain from declaring and paying dividends and opt instead to use profits otherwise earmarked for shareholder payouts for other uses."
More likely, wouldn't the stock market simply drop to reflect the lower value of future dividends? Although if he's cutting business taxes, perhaps that will partially offset that.
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Driftr
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Post by Driftr on Feb 22, 2012 13:56:20 GMT -5
So much for "If you earn less than $250k per year, your taxes will not increase." Well if the unintended (or is it intended) consequence of raising the tax rate on dividends is that companies will stop paying them, perhaps the idea is to reduce the tax burden. Here serf, let's make it so that it isn't in a companies best interest to pay you that dividend. Then you won't owe us tax on it. See how we just saved you having to pay taxes?
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formerroomate99
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Post by formerroomate99 on Feb 22, 2012 15:28:16 GMT -5
the great majority of those making over $250k are small business owners. = True false. as the above post indicates, about 0.5M small business owners make over $250k/year. there are 4M Americans that make that much each year. so, the total percentage of Americans making over $250k per year who are small business owners is 13%. that is not only NOT the great majority, it is a fairly small minority. i really don't know why everyone finds this so hard to believe. it is actually really sad that people don't understand how few small business owners make this kind of bank. Now are you saying that only 13% of the over $250k are SMALL business owners or 13% are business owners? Because a great way to skew that statistic would be to define a small business in such a way that it is almost impossible for a business that makes $250k or more to be defined as a small business.
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sgtjer
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Post by sgtjer on Feb 22, 2012 16:30:24 GMT -5
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djAdvocate
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Post by djAdvocate on Feb 22, 2012 23:52:08 GMT -5
i really don't know why everyone finds this so hard to believe. it is actually really sad that people don't understand how few small business owners make this kind of bank. Now are you saying that only 13% of the over $250k are SMALL business owners or 13% are business owners? small. that was the claim that was being made.
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