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Obama and the Dems have you thinking that just because the company made a profit of $250K that the owner gets to keep all that money but the fact is.
Small Business Profit Pays For:
Personal Expenses
Taxes paid to uncle sam Money is used to keep the company running (pay for employees and other expenses)
Used to grow the company
Apparently you do not understand what the word "profit" means.
prof·it (prft)n.
2. The return received on a business undertaking after all operating expenses have been met.
Employees' salaries and business expenses are not taken out of the profit, those are taken out of revenues. A company's profit already has these expenses deducted. If they're paying salaries and business expenses out of their "profit" then they need to find an accountant that knows what they're doing.
Apparently you do not understand what the word "profit" means.
prof·it (prft)n.
2. The return received on a business undertaking after all operating expenses have been met.
Employees' salaries and business expenses are not taken out of the profit, those are taken out of revenues. A company's profit already has these expenses deducted. If they're paying salaries and business expenses out of their "profit" then they need to find an accountant that knows what they're doing.
Apparently you don't understand business and did not read my post. You are correct the "last years" operating expenses including employees salaries have been met... Again, for the previous year. But what about the current year. Do you think the small business owner drain the company of all working capital down to $0.00 dollars. No, they can't. They have to leave some of that money in the company so the company can function in the current year. If the owner wants to grow the business they leave even more money in the company. When Obama demands more tax revenue from small companies he is decreasing their ability to grow the business and forcing the company to lower expenses elsewhere, usually that means employee wages or the number of employees because that is one expense the owner has control over.
Another lib who showed us once again that they don't have a clue to how business works.
Ah, the Obamaphones meme. The program was started by Reagan and expanded by Bush.
But until 2009 was limited to landlines so it wasn't popular.
Once it moved to cellphones in 2009 the number of applicants literally exploded exponentially.
A lot of that was due to FCC failure to regulate though and many got multiple plans by different carriers.
They are fixing that though and have gone through 23 states cancelling duplicate free cellphone plans.
They are also constructing a master database which each carrier now much check and deny a free cellphone if the person is already receiving a free cell phone from another carrier.
That lack of regulation ended up in cost soaring from $800 million in 2008 to $2.1 billion last year and projected to cost $3 billion by the end of this year.
Last edited by HappyTexan; 03-08-2013 at 03:21 PM..
Reason: meant FCC, not FAA
2. i explained this on another Forum, labor force participation rate will fall for the the next 12 years because the percentage of Baby Boomers leaving the work force exceed the number of young people entering it. This was predicted along time ago, why is it all of a sudden part of the Republican argument against Obama ?
It is not suddenly an argument against Obama. I was discussing this way back in 2006 before I ever came to this forum.
Probably the easiest way to discredit you, is to allow your own government to stomp on you....
Table IV.B2.—Covered Workers and Beneficiaries, Calendar Years 1945-2090
"The cost rate then rises rapidly between 2017 and 2035, primarily because the number of beneficiaries rises much more rapidly than the number of covered workers as the baby-boom generation retires.
Compared to the 2011 level of 35 beneficiaries per 100 covered workers, the Trustees project that this ratio will rise to 49 by 2035 under the intermediate assumptions because the growth in beneficiaries greatly exceeds the growth in workers.
For each alternative, the curve in figure IV.B2 is strikingly similar to the corresponding cost-rate curve in figure IV.B1. This similarity emphasizes the extent to which the cost rate is determined by the age distribution of the population.
The cost rate is essentially the product of the number of beneficiaries and their average benefit, divided by the product of the number of covered workers and their average taxable earnings. For this reason, the pattern of the annual cost rates is similar to that of the annual ratios of beneficiaries to workers."
[bold and underlined emphasis mine]
Pages 52-54
112th Congress, 2d Session
House Document 112-102
THE 2012 ANNUAL REPORT OF THE BOARD OF TRUSTEES OF THE FEDERAL OLD-AGE AND SURVIVORS
INSURANCE AND FEDERAL DISABILITY INSURANCE TRUST FUNDS
Well....there you go....your own government just made you look like a fool.
If you had been studying Social Security as long as I have -- like for the last 7-8 years -- then you would know that the ratio of Workers-to-Beneficiaries has always been of great concern to your government and that this ratio of Workers-to-Beneficiaries is reflected through the Labor Force Participation Rate.
The only possible way to fund Social Security with the minimal FICA payroll tax increases that the Social Security Trustees are recommending, is if your Labor Force Participation Rate reflects a ration of Workers-to-Beneficiaries in 3:1 range.
You were not supposed to be at the 2:1 Ratio you currently are until 2035....which is what?....22 years from now......that is 22 years worth of FICA payroll taxes not collected.
We're taking $TRILLIONS here...not piddly penny-ante $8 Billion or even 10s of $Billions, but rather $TRILLIONS in lost revenues.
Those jack-asses keep braying "eliminate the cap" --- fine...in theory that gives you another $63 Billion per year which at present will fund a whopping 27 days of Social Security benefits....what about the other 342 days?
When you're collect $800 Billion per year and you're short $700 Billion -- for like 18 years in a row --- where is that money going to come from?
I can tell you it won't be falling out of the sky.
You need to get with the program, and you can start by reading what your own government has to say on the matter.
I'm hoping you go back to the other forum and correct yourself....because you seriously misled those people.
I love how being Obama automatically makes you pro-Bush or a Republican. As an independent, I find that pretty pathetic as a retort. Also, government debt, unlike what Biden would have you think from his distorted logic in a debate, has absolutely nothing to do with the recession, which was caused by a number of government-introduced policies that let any meaningful lending requirements go out the window. That is completely unrelated to craptastic fiscal mismanagement on the part of Congress, which has only continued since 2008.
Obama is on the road to sealing his legacy as one of the greatest leaders in American history. Even Lincoln had his detractors but is now considered one of the greatest. 50 years from now Obama will be in the club with the greatest of the great, maybe even on our currency. Go Obama!
Damn.....I laughed so loud at this I woke the grandbaby. And he needs his rest so he can go out into the great American job market in his future and pay back what was taken.
Obama is winning as usual. Why are people suprised at this point? He may not take the conventional path but he always wins. It's pretty amazing actually when he has such a vitriolic opposition party that made it their priority to make him a one termer.
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