Kamala Harris for Pres

[LogGrad98]

I'm only voting for her, or anyone because of trump.

Remove trump and the most likely outcome for me is that go back to not voting anymore. After all, my vote literally doesn't matter. I would like to be part of trump losing the popular vote though. Even though it doesn't matter


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This in spades. Especially in Utahr. No vote matters as long as the biggest block of voters have that R in barcode form tattooed on their foreheads. You know, the sign of the beast and all.

 

[Safetydan]

You want to debate tax cuts? I’m not wealthy or have a large corporation.

Let’s go over how it has helped my small business.

Basic numbers:
$10ish mill in revenue
$3ish mil in taxable

14% in extra take home is roughly $400k a year.

Did we pocket the extra $400k? Nope, we hired 3 developers and went on a technology blitz and it is still continuing, with an additional engineer this year.

Biden’s proposal or let the tax cuts expire, there goes my half or whole tech side of my business.

You don’t care about the debt but I do care about the people I work with. They are the highest paid reps and techs in the industry by 3x and have profit sharing. Not every company is greedy, lots are individuals or partners that this does hurt.

Any amount of revenue you put back into your business shouldn't be taxed. If you hire and pay your people, re-invest in R&D, etc. you don't pay taxes on that amount. Taxes should only cut into net-income after expenses (EBIT). ???

Edit: I'm an accountant, I'm not saying you're wrong with your numbers. I'm just going off of the information in your post. I will say that business owners love to pretend that corporate taxes hurt their ability to hire and pay employees when in reality due to the order in which things are calculated, the taxes you end up paying does not affect the number of employees you're able to hire and pay. More employees equals less tax bill, (but also less net income) If anything due to the opportunity cost that comes with higher percentages of corporate tax. owners are incentivized to re-invest into their business.

Trumps Tax cuts for the working class are scheduled to expire (and they're ****ing miniscule comparatively), the tax cuts for the rich are permanent. That's kinda ****ed.

Workers, the vast majority of americans, don't need tax cuts, they need more income.

 

[Rubashov]

Any amount of revenue you put back into your business is not taxed. If you pay your people, re-invest in R&D you don't pay taxes on that amount. Taxes only cuts into net-income after expenses. ???

Edit: I'm an accountant, I'm not saying you're wrong with your numbers. I'm just going off of the information in your post. I will say that business owners love to pretend that corporate taxes hurt their ability to hire and pay employees when in reality due to the order in which things are calculated, the taxes you pay has nothing to do with the employees you're able to hire and pay.

Trumps Tax cuts for the working class are scheduled to expire (and they're ****ing miniscule comparatively), the tax cuts for the rich are permanent. That's kinda ****ed.

Workers, the vast majority of americans, don't need tax cuts, they need more income.

Rich people paying tax which could be spent on services would probably help working people too.

If you want to talk about corporate tax let's look at things this way, i own two small business and pay a fair amount of tax. Now large corporations who are my competitors can afford tax lawyers and so on and pay next to no tax. Businesses should be taxed on turnover.

 

[Safetydan]

Rich people paying tax which could be spent on services would probably help working people too.

If you want to talk about corporate tax let's look at things this way, i own two small business and pay a fair amount of tax. Now large corporations who are my competitors can afford tax lawyers and so on and pay next to no tax. Businesses should be taxed on turnover.

Sounds like Bucknutz needs a CPA

 

[Safetydan]

This in spades. Especially in Utahr. No vote matters as long as the biggest block of voters have that R in barcode form tattooed on their foreheads. You know, the sign of the beast and all.

What do you think Utah would look like if we got 100% turnout. Or, even better, Texas or Florida.

 

[LogGrad98]

Any amount of revenue you put back into your business is not taxed. If you pay your people, re-invest in R&D you don't pay taxes on that amount. Taxes only cuts into net-income after expenses. ???

Edit: I'm an accountant, I'm not saying you're wrong with your numbers. I'm just going off of the information in your post. I will say that business owners love to pretend that corporate taxes hurt their ability to hire and pay employees when in reality due to the order in which things are calculated, the taxes you end up paying does not affect the number of employees you're able to hire and pay. More employees equals less tax bill, (but also less net income) If anything due to the opportunity cost that comes with higher percentages of corporate tax. owners are incentivized to re-invest into their business.

Trumps Tax cuts for the working class are scheduled to expire (and they're ****ing miniscule comparatively), the tax cuts for the rich are permanent. That's kinda ****ed.

Workers, the vast majority of americans, don't need tax cuts, they need more income.

This.

We really need tax INCREASES to pay for all the **** we are borrowing to pay for now. These tax cuts appease the rich, sound nice to the middle and lower class (why I will never know since a SUBSTANTIAL portion of them pay very minimal or no taxes at all, or get rebates, child tax credit, for example), and then cause us to borrow incessantly. This affects other things like tariffs (deals with countries we have to borrow from), and inflation. It might seem like it is meaningless but it's not. And of course the ever-present threat of destroying the only social safety net we have for our seniors in social security payments, which have been 20 years from running out (or more appropriately, being re-allocated to pork-barrel projects to benefit the wealthy) for going into 5 decades now. We desperately need to RAISE corporate taxes and capital gains and institutes taxes on wealthy accumulation so we can provide the needed safety nets that other developed nations have already figured out, like the Scandinavian countries, Germany, etc.. Of course we are a hair's breadth from being a full-on plutocracy especially with the supreme court gutting the federal government, giving the president god-like powers, and with no sign of doing anything about lobbying. Hell might as well just start listing who is on which payroll so we can petition the companies directly since we know the politicians don't give a flying **** about regular people as long as they get their regulations removed and their profit augmented through specious laws that in the end will hurt everyone except the mega-rich. If I have become more liberal in one area it is this one, even as a moderately high-earner myself. But even the "liberals" in government pay lip-service to these ideas, because they know where their bread is buttered. Won't be long and they will be supporting these tax cuts or issuing their own, at the behest of their corporate overlords. God we are so ****ed. We will be known to kids a hundred years from now as the country that was destroyed by the almighty dollar.

 

[Safetydan]

This.

We really need tax INCREASES to pay for all the **** we are borrowing to pay for now. These tax cuts appease the rich, sound nice to the middle and lower class (why I will never know since a SUBSTANTIAL portion of them pay very minimal or no taxes at all, or get rebates, child tax credit, for example), and then cause us to borrow incessantly. This affects other things like tariffs (deals with countries we have to borrow from), and inflation. It might seem like it is meaningless but it's not. And of course the ever-present threat of destroying the only social safety net we have for our seniors in social security payments, which have been 20 years from running out (or more appropriately, being re-allocated to pork-barrel projects to benefit the wealthy) for going into 5 decades now. We desperately need to RAISE corporate taxes and capital gains and institutes taxes on wealthy accumulation so we can provide the needed safety nets that other developed nations have already figured out, like the Scandinavian countries, Germany, etc.. Of course we are a hair's breadth from being a full-on plutocracy especially with the supreme court gutting the federal government, giving the president god-like powers, and with no sign of doing anything about lobbying. Hell might as well just start listing who is on which payroll so we can petition the companies directly since we know the politicians don't give a flying **** about regular people as long as they get their regulations removed and their profit augmented through specious laws that in the end will hurt everyone except the mega-rich. If I have become more liberal in one area it is this one, even as a moderately high-earner myself. But even the "liberals" in government pay lip-service to these ideas, because they know where their bread is buttered. Won't be long and they will be supporting these tax cuts or issuing their own, at the behest of their corporate overlords. God we are so ****ed. We will be known to kids a hundred years from now as the country that was destroyed by the almighty dollar.

Join me on the left comrade. United we bargain, divided we beg.

 

[LogGrad98]

What do you think Utah would look like if we got 100% turnout. Or, even better, Texas or Florida.

Utah, guaranteed would be 70% republican at least. Maybe 20% democrat and a solid 10% "other". Give or take 5% in any direction on those.

Texas I think would be more balanced, still 60% republican easy.

Florida would be more balanced as well, I think, maybe like Texas.

 

[Safetydan]

Utah, guaranteed would be 70% republican at least. Maybe 20% democrat and a solid 10% "other". Give or take 5% in any direction on those.

Texas I think would be more balanced, still 60% republican easy.

Florida would be more balanced as well, I think, maybe like Texas.

It might be wishful thinking, but I'm more optimistic. I think Florida and Texas flip and in Utah we go 60-40 ballpark.

 

[Rubashov]

Join me on the left comrade. United we bargain, divided we beg.

Plastic pinko...

 

[Bucknutz]

Any amount of revenue you put back into your business is not taxed. If you pay your people, re-invest in R&D you don't pay taxes on that amount. Taxes only cuts into net-income after expenses. ???

Correct. This is our net income. Which next year we will be using for expansion into 2 new home services industries: purchasing accounts and new rep growth.

Edit: I'm an accountant, I'm not saying you're wrong with your numbers. I'm just going off of the information in your post. I will say that business owners love to pretend that corporate taxes hurt their ability to hire and pay employees when in reality due to the order in which things are calculated, the taxes you pay has nothing to do with the employees you're able to hire and pay.

The decrease in taxes, increases our net income, which we can use to our discretion. We use it on tech improvements, without sacrificing our funds that we plan to expand with. I know you will say we can do it a different way through debt and save on taxes.

Trumps Tax cuts for the working class are scheduled to expire (and they're ****ing miniscule comparatively), the tax cuts for the rich are permanent. That's kinda ****ed.

It is, Biden should do something about it.

Workers, the vast majority of americans, don't need tax cuts, they need more income.

Agreed, that is why we built our business, we saw what is happening to the employees who helped build these large businesses and got nothing out of it. If people realize to not be greedy and see the big picture that paying people well, there will be more money for you in the long run.

 

[Bucknutz]

Sounds like Bucknutz needs a CPA

Maybe