45% Don't Owe U.S. Income Tax - Page 2 - GoFuckYourself.com

12clicks · 04-18-2011, 12:25 PM

Quote:

Originally Posted by nation-x

I also don't think that someone working at McDonalds for minimum wage should be required to pay 30% income tax

neither should anyone else.

TheDoc · 04-18-2011, 12:32 PM

Sites like Payscale and Careerbuilder say that Small Business Owners earn between $35-$75k per year. Labor stats say self-employeed is $30-40k a year personal income average. I can't remember where the article was, it wasn't long ago, it was new this year.

The same group that employees more Americans than any other, already uses Corporations like we all do here for tax benefits, basically the backbone of the Country, don't pay income tax.

Now for some other info from http://www.sba.gov/advocacy/7495/8420
Small Business....
- Represent 99.7 percent of all employer firms.
- Employ just over half of all private sector employees.
- Pay 44 percent of total U.S. private payroll.
- Have generated 64 percent of net new jobs over the past 15 years.
- Create more than half of the nonfarm private gross domestic product (GDP).

To me it seems that giving the backbone of the Country a break so they can invest more, hire more and such is probably a good thing.

czarina · 04-18-2011, 12:34 PM

IRS? oh you mean the American Terrorist Group?

BlackCrayon · 04-18-2011, 12:37 PM

Quote:

Originally Posted by magicmike

Corporations shouldn't pay taxes because they aren't people. Corporations will always pass on their tax liabilities to consumers and employees.

If a corporation isn't taxed then it has more money to pay its employees whom are all taxed.

Any based on your point of big / smart corps don't pay taxes, this just furthers the point. Remove corp. taxes to level the playing field between small business and large corporations.

Personally I'd like to see no business or people being taxed for the amount of income they make. I'd rather see sales taxes increase 5-8% to cover it, all people except those who pay nothing will be paying less. If corporations should't be taxed then neither should small businesses, at the very least.

12clicks · 04-18-2011, 12:39 PM

Quote:

Originally Posted by TheDoc

Sites like Payscale and Careerbuilder say that Small Business Owners earn between $35-$75k per year. Labor stats say self-employeed is $30-40k a year personal income average. I can't remember where the article was, it wasn't long ago, it was new this year.

The same group that employees more Americans than any other, already uses Corporations like we all do here for tax benefits, basically the backbone of the Country, don't pay income tax.

Now for some other info from http://www.sba.gov/advocacy/7495/8420
Small Business....
- Represent 99.7 percent of all employer firms.
- Employ just over half of all private sector employees.
- Pay 44 percent of total U.S. private payroll.
- Have generated 64 percent of net new jobs over the past 15 years.
- Create more than half of the nonfarm private gross domestic product (GDP).

To me it seems that giving the backbone of the Country a break so they can invest more, hire more and such is probably a good thing.

common sense tells you that 35-75k earners are not the backbone of new employment. christ, thats employee money, not employer money.

12clicks · 04-18-2011, 12:41 PM

Quote:

Originally Posted by BlackCrayon

If corporations should't be taxed then neither should small businesses, at the very least.

small businesses (non-corps.) are not taxed.

Paul Markham · 04-18-2011, 12:44 PM

Anyone who wants to see what's ahead for the US look at Spain, Greece, Portugal, UK, Eire.

The US will not be as bad, but repaying the debt will be painful. It will need money to come out of all US citizens pockets. Even those at the top will suffer. Less people with less money to spend.

Unless their income comes 100% from abroad. And not countries affected by the recession.

The West has lived on borrowed money for too long.

Those who think the lenders will keep lending so you can shop to your hearts content are fools.

Debts = Repaying them.

TheDoc · 04-18-2011, 01:10 PM

Quote:

Originally Posted by 12clicks

common sense tells you that 35-75k earners are not the backbone of new employment. christ, thats employee money, not employer money.

It only takes a little common sense and business sense to know small business owners pay themselves indirectly through the company in more ways than I need to list... unless maybe the company is new or failing.

It's very common for small businesses owners not to pay themselves a set salary for many years, even after the company is profitable for years AND has employees. Most make some serious personal life and business sacrifices... not just with income.

And yes, based off the Stats, they ARE the ones that hire the employees.

12clicks · 04-18-2011, 01:24 PM

Quote:

Originally Posted by TheDoc

It only takes a little common sense and business sense to know small business owners pay themselves indirectly through the company in more ways than I need to list... unless maybe the company is new or failing.

It's very common for small businesses owners not to pay themselves a set salary for many years, even after the company is profitable for years AND has employees. Most make some serious personal life and business sacrifices... not just with income.

And yes, based off the Stats, they ARE the ones that hire the employees.

Paul Markham · 04-18-2011, 11:19 PM

Did anyone see the news about Americas economy and their credit rating?

Seems like some jitters are setting in.

Having the worlds largest economy isn't always so great. If you live beyond your means even a billionaire can go bankrupt or have his credit squeezed.

Barry-xlovecam · 04-18-2011, 11:32 PM

I wish that I had to pay $1 million in taxes I think of the after tax income I would have. Maybe next year :P

04-18-2011, 12:32 PM	#52
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	Sites like Payscale and Careerbuilder say that Small Business Owners earn between $35-$75k per year. Labor stats say self-employeed is $30-40k a year personal income average. I can't remember where the article was, it wasn't long ago, it was new this year. The same group that employees more Americans than any other, already uses Corporations like we all do here for tax benefits, basically the backbone of the Country, don't pay income tax. Now for some other info from http://www.sba.gov/advocacy/7495/8420 Small Business.... - Represent 99.7 percent of all employer firms. - Employ just over half of all private sector employees. - Pay 44 percent of total U.S. private payroll. - Have generated 64 percent of net new jobs over the past 15 years. - Create more than half of the nonfarm private gross domestic product (GDP). To me it seems that giving the backbone of the Country a break so they can invest more, hire more and such is probably a good thing. __________________ ~TheDoc - ICQ7765825 It's all disambiguation Last edited by TheDoc; 04-18-2011 at 12:33 PM..

04-18-2011, 12:44 PM	#57
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Anyone who wants to see what's ahead for the US look at Spain, Greece, Portugal, UK, Eire. The US will not be as bad, but repaying the debt will be painful. It will need money to come out of all US citizens pockets. Even those at the top will suffer. Less people with less money to spend. Unless their income comes 100% from abroad. And not countries affected by the recession. The West has lived on borrowed money for too long. Those who think the lenders will keep lending so you can shop to your hearts content are fools. Debts = Repaying them. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

04-18-2011, 11:19 PM	#60
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Did anyone see the news about Americas economy and their credit rating? Seems like some jitters are setting in. Having the worlds largest economy isn't always so great. If you live beyond your means even a billionaire can go bankrupt or have his credit squeezed. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

04-18-2011, 12:34 PM	#53
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	IRS? oh you mean the American Terrorist Group?

04-18-2011, 11:32 PM	#61
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	I wish that I had to pay $1 million in taxes I think of the after tax income I would have. Maybe next year :P