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citydweller
ParticipantI was at Fashion Valley Mall last week and noticed a new store that’s sole purpose is “We Buy Gold”. I don’t remember the name of the store, I just remember thinking how odd it was to see it in Fashion Valley.
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Participantpri-dk, how soon do you think we will see higher interest rates? I have a CD that is currently paying about 3%, and I’ve thought I should just pay down my mortgage, which is around 6.5%. But, I like having the cash “cushion”, and keep hoping that soon I can get at least 6.5% on my CD.
Participantpri-dk, how soon do you think we will see higher interest rates? I have a CD that is currently paying about 3%, and I’ve thought I should just pay down my mortgage, which is around 6.5%. But, I like having the cash “cushion”, and keep hoping that soon I can get at least 6.5% on my CD.
Participantpri-dk, how soon do you think we will see higher interest rates? I have a CD that is currently paying about 3%, and I’ve thought I should just pay down my mortgage, which is around 6.5%. But, I like having the cash “cushion”, and keep hoping that soon I can get at least 6.5% on my CD.
Participantpri-dk, how soon do you think we will see higher interest rates? I have a CD that is currently paying about 3%, and I’ve thought I should just pay down my mortgage, which is around 6.5%. But, I like having the cash “cushion”, and keep hoping that soon I can get at least 6.5% on my CD.
Participantpri-dk, how soon do you think we will see higher interest rates? I have a CD that is currently paying about 3%, and I’ve thought I should just pay down my mortgage, which is around 6.5%. But, I like having the cash “cushion”, and keep hoping that soon I can get at least 6.5% on my CD.
February 27, 2009 at 11:35 AM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356354Participantflu, thanks for responding.
I have trouble with the logic of this statement:
“If companies are already having a tough time making money, and on top of that you levy even higher taxes, guess who’s going to get axed??”
A company that is having a hard time making money will not be impacted at all by the tax increase. It’s not until they start clearing a monthly PROFIT of $20,000 per month that they are even affected. And as the article points out, the taxes are only increased on that portion of profit over $250,000 per year.
So if their profit rises to $300,000 per year they would see a 3% increase in taxes on only a portion of that profit.
I’m not a business owner, so I can’t say what their thought process would be. However, if my boss offered me a $50,000 per year raise, but told me I would have to pay 39% of it in taxes instead of 36%, I don’t think that would dissuade me at all from accepting the raise.
Hope I’m making sense…
February 27, 2009 at 11:35 AM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356798Participantflu, thanks for responding.
I have trouble with the logic of this statement:
“If companies are already having a tough time making money, and on top of that you levy even higher taxes, guess who’s going to get axed??”
A company that is having a hard time making money will not be impacted at all by the tax increase. It’s not until they start clearing a monthly PROFIT of $20,000 per month that they are even affected. And as the article points out, the taxes are only increased on that portion of profit over $250,000 per year.
So if their profit rises to $300,000 per year they would see a 3% increase in taxes on only a portion of that profit.
I’m not a business owner, so I can’t say what their thought process would be. However, if my boss offered me a $50,000 per year raise, but told me I would have to pay 39% of it in taxes instead of 36%, I don’t think that would dissuade me at all from accepting the raise.
Hope I’m making sense…
February 27, 2009 at 11:35 AM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356825Participantflu, thanks for responding.
I have trouble with the logic of this statement:
“If companies are already having a tough time making money, and on top of that you levy even higher taxes, guess who’s going to get axed??”
A company that is having a hard time making money will not be impacted at all by the tax increase. It’s not until they start clearing a monthly PROFIT of $20,000 per month that they are even affected. And as the article points out, the taxes are only increased on that portion of profit over $250,000 per year.
So if their profit rises to $300,000 per year they would see a 3% increase in taxes on only a portion of that profit.
I’m not a business owner, so I can’t say what their thought process would be. However, if my boss offered me a $50,000 per year raise, but told me I would have to pay 39% of it in taxes instead of 36%, I don’t think that would dissuade me at all from accepting the raise.
Hope I’m making sense…
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