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Old 02-24-2012, 07:17 PM
 
Location: San Francisco, CA
180 posts, read 29,583 times
Reputation: 86
This discussion should be in the Politics Forum. I really don't want to see the investment forum turn into an Obama bashing or GOP bashing forum.
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Old 02-25-2012, 12:20 AM
 
1,999 posts, read 2,103,139 times
Reputation: 1592
Quote:
Originally Posted by Jonathan_ View Post
This discussion should be in the Politics Forum. I really don't want to see the investment forum turn into an Obama bashing or GOP bashing forum.
So your contribution to the "discussion" is.....?

Hopefully, intelligent heads in Congress will shoot down this proposal.

Too many taxes are sinking the U.S. ship. We have a spending problem, and China isn't waiting to take advantage of US. When, not if, the U.S. loses it reserve currency standard, ALL Americans will feel the pain, not just those filthy, evvviiiillllllll rich people.
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Old 02-25-2012, 01:08 AM
 
Location: San Francisco, CA
180 posts, read 29,583 times
Reputation: 86
...someone is BITTER that the markets are at multi, even decade year HIGHS. I guess you're mad about your bomb shelter investment in Nov 2008 didn't appreciate in value?

_______ like you will always be miserable and feeling the need to b(*&^ and complain. You blame your poor investment decisions on the Democrats. Sorry boy, but the charts don't lie. Either put politics aside or continue to lose money . A bull market can happen regardless of the party in charge. It's a little more complicated then that lol.
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Old 02-25-2012, 07:24 AM
 
1,999 posts, read 2,103,139 times
Reputation: 1592
Quote:
Originally Posted by Jonathan_ View Post
...someone is BITTER that the markets are at multi, even decade year HIGHS. I guess you're mad about your bomb shelter investment in Nov 2008 didn't appreciate in value?

_______ like you will always be miserable and feeling the need to b(*&^ and complain. You blame your poor investment decisions on the Democrats. Sorry boy, but the charts don't lie. Either put politics aside or continue to lose money . A bull market can happen regardless of the party in charge. It's a little more complicated then that lol.
What poor investment decisions? My net worth is at an all-time high, thank you. All of my stock choices are up up up, but I am not naive enough to think that it will last indefinitely. I have been invested enough years to know that the market can come down faster than it goes up.

My complaint is with this proposed 3.8% tax on passive income, which is what the topic is about. But _____________ like you don't know how to have a civil discussion maybe. The stock market is being boosted artificially this year to promote the re-election of the Socialist-in-Chief. The FED is keeping interest rates low as a part of this "stimulus". Those rates do not reflect the true cost of money, unless, of course, the money is being debased deliberately.

No bomb shelter. Your speculation is wasted; save it for something useful. But, hey, thanks for putting forth an opinion.
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Old 02-26-2012, 01:03 AM
 
5,000 posts, read 5,447,555 times
Reputation: 5482
Quote:
Originally Posted by Teak View Post
But not nearly as crazy as the idiot ideas from the Idiot-in-Chief in the White House!
Quote:
Originally Posted by Teak View Post
Just another myth from the Myth-Maker-in-Chief.
Quote:
Originally Posted by Teak View Post
Read up, Obamy-boys and -girls, you can't fling out falsehoods forever.

Quote:
Originally Posted by Teak View Post
The stock market is being boosted artificially this year to promote the re-election of the Socialist-in-Chief.
Quote:
Originally Posted by Teak View Post
But _____________ like you don't know how to have a civil discussion maybe.
So, that's your idea of a civil discussion?

I think I'll pass.
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Old 02-26-2012, 04:47 PM
 
Location: San Francisco, CA
180 posts, read 29,583 times
Reputation: 86
Quote:
Originally Posted by MadManofBethesda View Post
So, that's your idea of a civil discussion?

I think I'll pass.
Exactly lol

The OP had a valid discussion topic, but ______s like this jump at any chance to derail the topic into mindless bashing.
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Old 02-26-2012, 05:01 PM
 
3,201 posts, read 3,423,441 times
Reputation: 1986
I guess I'll go sit on the bench next to Warren Buffat and say I don't mind this tax. Almost all my income is passive rental income, especially these days when the business is so slow. So why shouldn't I pay medicare? I'll be just as sick when I turn 65. Well maybe not quite as sick as those who've had to fight the stress of 9 to 5. But still.

I can't believe you all are so upset about this, especially since it won't affect you. If indeed it starts at 250 K it won't even affect me unless I sell a house for a big profit.
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Old 02-26-2012, 07:36 PM
 
Location: None of your business
5,467 posts, read 1,463,250 times
Reputation: 1163
Lol, you will not be effected? think again! tax the productive (employers / small businesses) people and in response (as one forum member said)... I will not have a choice and I'll just lay employees off. Could be YOU who loses your job! When people lose jobs they default on their loans and if renting, these once good renters are now always late. Could be so bad that you have to evict and have to find another renter who hopefully can afford rent and if have a job don't get caught in a second wave of layoffs. If you think it will not effect you? Remember that thought when you are nervously waiting for a rent check. I could go on and on. Lived it, done that.

One thing I always understood is the people who own the company i work for must do well or guess what? They will cut back on expenses and me as an employee is an expense. just because i was born in the US does not mean i am automatically entitled to a job. when they go after the rich and productive it ALWAYS effects (HURTS) the middle class. I just don't get the go after the rich thinking. Regardless, with all the printing, low interest rates that will increase (get out of adjustable mortgage and other debt) false propping of the economy to give false hope so you will re-elect Obama. After it can't be propped up any longer it's going to get ugly. No where to go but inflation .. And will you getba raise to keep up with the rising prices of everthing. Call me a doomer lol i dont care but trying to prepare. Anyone else?

Last edited by eRayP; 02-26-2012 at 08:01 PM..
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Old 02-26-2012, 08:41 PM
 
Location: San Francisco, CA
180 posts, read 29,583 times
Reputation: 86
Quote:
Originally Posted by eRayP View Post
Lol, you will not be effected? think again! tax the productive (employers / small businesses) people and in response (as one forum member said)... I will not have a choice and I'll just lay employees off. Could be YOU who loses your job! When people lose jobs they default on their loans and if renting, these once good renters are now always late. Could be so bad that you have to evict and have to find another renter who hopefully can afford rent and if have a job don't get caught in a second wave of layoffs. If you think it will not effect you? Remember that thought when you are nervously waiting for a rent check. I could go on and on. Lived it, done that.

One thing I always understood is the people who own the company i work for must do well or guess what? They will cut back on expenses and me as an employee is an expense. just because i was born in the US does not mean i am automatically entitled to a job. when they go after the rich and productive it ALWAYS effects (HURTS) the middle class. I just don't get the go after the rich thinking. Regardless, with all the printing, low interest rates that will increase (get out of adjustable mortgage and other debt) false propping of the economy to give false hope so you will re-elect Obama. After it can't be propped up any longer it's going to get ugly. No where to go but inflation .. And will you getba raise to keep up with the rising prices of everthing. Call me a doomer lol i dont care but trying to prepare. Anyone else?
I understand this argument. However, based on my experience, find it to be false. Please let me explain.

Our family has owned numerous businesses from restaurants, retail stores and a hotel. Nobody wants to pay more in taxes than what is required (besides a few billionaires). With that being said, no business owner I know including my family would fire employees if taxes increase. If demand is there, why would any business owner want to fire some of their employees which will result in less production thus less income. Over a 5% increase?

If taxes increase, we increase our write offs by investing back into the business, boosting our own salaries, anything that makes sense in order to increase our expenses thus lowering our taxable income without actually losing our taxable income.

Taxes are paid on net income. It doesn't make sense to say "okay taxes are increasing, so let's save money by cutting our workforce in order to offset the increase in taxes". This should make NO sense to any business owner.

1. You are lowering your production, which means you won't be able to handle the same amount of revenue.

2. You are lowering your expenses BEFORE you report taxable income, therefore increasing your taxable income.

You LOSE either way. Say #1 occurs, now instead of revenue of $2 million you now report revenue of $1.75 million. Say #2 occurs, now instead of paying tax on $2 million, you now pay tax on $2.25 million.

I honestly want to know if this makes sense to you. I've heard your argument presented numerous times by many people, but for small businesses with 100 employees or less, what I stated above is reality. Demand is the #1 reason businesses hire or fire employees, which explains why states like Nevada aren't the most thriving in the country. Taxes are a burden among business owners, but do not dictate whether or not businesses will hire or fire employees.
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Old 02-28-2012, 03:24 PM
 
Location: None of your business
5,467 posts, read 1,463,250 times
Reputation: 1163
At 1.75m and 2m your talking bigger business. Next question is we're you s corp or c- corp? I dont understand c- corp taxation but to my understanding Unless I understand S corp incorrectly increasing salaries would increase your taxes - medicare, SS. When a smaller business, 1 employee everything matters and increasing expenses friviously does not make sense. guess I am smaller time :-) imho, taxing hurts everyone regardless of who the intended target is.
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