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Old 01-22-2014, 07:07 PM
 
26,694 posts, read 14,565,372 times
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Quote:
Originally Posted by jojajn View Post
What businesses run on such a low profit margin as that?
However his question is who is going to pay for the increase in the minimum wage.

 
Old 01-22-2014, 07:12 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by jojajn View Post
There is no point in debating someone who believes that taxes, which provide roads, sewers, police protection, schools, defense, drinking water, public health, FEMA, etc..., is robbery!
Weird how they did that before income taxes even existed..
 
Old 01-22-2014, 07:12 PM
 
Location: Midwest
38,496 posts, read 25,815,033 times
Reputation: 10789
Quote:
Originally Posted by lifeexplorer View Post
Plenty. I used to work for a manufacturing company whose gross margin is about 10%. Gross margin is not net profit. You need to add overhead, lease and tax liability. The net may be only 3-5%.

However margin means nothing without looking at sales volume. You may make $0.01/loaf of bread sold but what if you can sell 1 million loaves every year?
Show me factual data.
 
Old 01-22-2014, 07:13 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by jojajn View Post
What businesses run on such a low profit margin as that?
Thats more than Targets profit margin..

In fact most businesses I know operate on that type of slim profits.. competition forces it to take place.
 
Old 01-22-2014, 07:13 PM
 
Location: Midwest
38,496 posts, read 25,815,033 times
Reputation: 10789
Quote:
Originally Posted by pghquest View Post
Weird how they did that before income taxes even existed..
Who did that and how did they pay for it?
 
Old 01-22-2014, 07:14 PM
 
Location: On the Chesapeake
45,380 posts, read 60,575,206 times
Reputation: 60996
Quote:
Originally Posted by pghquest View Post
Weird how they did that before income taxes even existed..

The comment about robbery wasn't even about taxes but rather a question about how an increase in the minimum wage was going to be paid. The fact that a couple posters have gone on the taxes=robbery rant is confusing to me. Unless they themselves are confused. Which may be likely.
 
Old 01-22-2014, 07:15 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by jojajn View Post
Show me factual data.
Most people who actually have any knowledge of taxes and businesses are well aware that profit margins are slim.

What Is a Reasonable Profit Margin? | Chron.com
 
Old 01-22-2014, 07:15 PM
 
Location: Portland, Oregon
46,001 posts, read 35,180,801 times
Reputation: 7875
Quote:
Originally Posted by lifeexplorer View Post
I feel like talking to a 3 year old. You said you are not your; no I said your not you are.
Are you saying swagger and you are the same person? That is a violation of forum rules.
 
Old 01-22-2014, 07:17 PM
 
Location: Midwest
38,496 posts, read 25,815,033 times
Reputation: 10789
Quote:
Originally Posted by pghquest View Post
Thats more than Targets profit margin..

In fact most businesses I know operate on that type of slim profits.. competition forces it to take place.
Target! Give me a break! If Target's profit margin is so low, why do they pay the CEO so much? Yet Target cannot give their employees a 25 cent raise.

100 Highest-Paid CEOs
 
Old 01-22-2014, 07:18 PM
 
69,368 posts, read 64,108,083 times
Reputation: 9383
Quote:
Originally Posted by jojajn View Post
Who did that and how did they pay for it?
Primarily tarrifs, import and export duties,
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