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February 27, 2009 at 2:27 PM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356505February 27, 2009 at 2:27 PM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356809
felix
ParticipantI understand that a small business making $250,00/year sounds like it’s doing well. I would agree one guy making $250,000/year is pretty well off. However, it seems many here are assuming these businesses are one owner businesses. I don’t think that is an assumption one should make.
I have been involved in a number of small businesses, all of mine involved multiple party ownership. And I think that isn’t very unusual. Many times five or more people had stakes in the businesses I co-owned.
So a small business, if incorporated, as many are, making over $250,000/year would be hit with this tax increase on the “wealthy”, as an entity, reducing the amount passed through to the owners.
For example, a business hit hard due to the economic situation,(let’s say it was making $500,000/yr for 5 owners but now is making only $300,000) will now be nicked again due this tax on the “wealthy”.
I don’t know if I’d consider these five guys “wealthy” even wen sharing $500,000.
So I won’t be surprised if this tax on the “wealthy” results in some layoffs an/or salary cuts.
February 27, 2009 at 2:27 PM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356948felix
ParticipantI understand that a small business making $250,00/year sounds like it’s doing well. I would agree one guy making $250,000/year is pretty well off. However, it seems many here are assuming these businesses are one owner businesses. I don’t think that is an assumption one should make.
I have been involved in a number of small businesses, all of mine involved multiple party ownership. And I think that isn’t very unusual. Many times five or more people had stakes in the businesses I co-owned.
So a small business, if incorporated, as many are, making over $250,000/year would be hit with this tax increase on the “wealthy”, as an entity, reducing the amount passed through to the owners.
For example, a business hit hard due to the economic situation,(let’s say it was making $500,000/yr for 5 owners but now is making only $300,000) will now be nicked again due this tax on the “wealthy”.
I don’t know if I’d consider these five guys “wealthy” even wen sharing $500,000.
So I won’t be surprised if this tax on the “wealthy” results in some layoffs an/or salary cuts.
February 27, 2009 at 2:27 PM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #356974felix
ParticipantI understand that a small business making $250,00/year sounds like it’s doing well. I would agree one guy making $250,000/year is pretty well off. However, it seems many here are assuming these businesses are one owner businesses. I don’t think that is an assumption one should make.
I have been involved in a number of small businesses, all of mine involved multiple party ownership. And I think that isn’t very unusual. Many times five or more people had stakes in the businesses I co-owned.
So a small business, if incorporated, as many are, making over $250,000/year would be hit with this tax increase on the “wealthy”, as an entity, reducing the amount passed through to the owners.
For example, a business hit hard due to the economic situation,(let’s say it was making $500,000/yr for 5 owners but now is making only $300,000) will now be nicked again due this tax on the “wealthy”.
I don’t know if I’d consider these five guys “wealthy” even wen sharing $500,000.
So I won’t be surprised if this tax on the “wealthy” results in some layoffs an/or salary cuts.
February 27, 2009 at 2:27 PM in reply to: Are Republicans exaggerating the effects of tax increases to small businesses? #357086felix
ParticipantI understand that a small business making $250,00/year sounds like it’s doing well. I would agree one guy making $250,000/year is pretty well off. However, it seems many here are assuming these businesses are one owner businesses. I don’t think that is an assumption one should make.
I have been involved in a number of small businesses, all of mine involved multiple party ownership. And I think that isn’t very unusual. Many times five or more people had stakes in the businesses I co-owned.
So a small business, if incorporated, as many are, making over $250,000/year would be hit with this tax increase on the “wealthy”, as an entity, reducing the amount passed through to the owners.
For example, a business hit hard due to the economic situation,(let’s say it was making $500,000/yr for 5 owners but now is making only $300,000) will now be nicked again due this tax on the “wealthy”.
I don’t know if I’d consider these five guys “wealthy” even wen sharing $500,000.
So I won’t be surprised if this tax on the “wealthy” results in some layoffs an/or salary cuts.
felix
ParticipantAs I aid prior to the election, too many folks have bought into BO as savior. I don’t know if it’s was wilfull ignorance on their part of BO’s past or because of their blind hate of W but this election was like watching a B-horror movie where the actors (voters) do the least rational things.
Unfortunately, we may now have elected the least vetted and least experienced man ever to sit in the oval office.
These voters ignored BO’s lack of judgment and ability to assess character prior to the election. We have a guy with close ties to; Rezko, Ayers, Rev. Wright and Blago.
That should have been enough to make everybody very wary of his judgment but unfortunately his judgment just continues to be questionable with the nominations of: Hillary (Sec of State), Geitner(Treasury), Duncan (Education), and the appointment of Emmanuel to head his staff.
Rezko, the convicted felon, was not just a BO acquaintance but a political mentor, business partner and lets not forget, next door neighbor. And the details of BO’s Rezko facilitated home purchase stink, particularly, when you include that none other than our illustrious Governor’s wife’s firm handled the real estate purchase.
Of course that is no surprise because Blago and BO are joined at the hip, courtesy of Rezko, who started both in politics. After Blago’s arrest BO talked about two types of politicians, the good (him) and the bad (Blago) but if Blago was so different and so reprehensible to BO, why was BO the first Illinois pol to endorse Blago, not once, but twice!
Is was common knowledge among Illinois pols what type of guy Blago was even before his first election as Governor. So why would BO endorse him not once, but twice?
As far as openness, the WH press corp has already complained about a lack of openness and responsiveness to questions, not only from WH staff but from BO himself who has taken to lecturing media types, many of whom are so in love with BO they won’t do their jobs. Apparently BO thinks he, not the media, should control from whom, when and what is asked about his administration.
That shouldn’t be a surprise since BO booted folks from his campaign plane if he didn’t like what they wrote. Also we got a good taste of how open he would be when this Blago stuff I warned folks here about blew up. BO and Emmanuel have declined to discuss anything about it. Like when Rev. Wright came to pass BO prefers to lecture on a subject,(in Wright’s case it was racism, in Blago’s case it was corrupt pols), instead of answering mediaquestions.
As for even even closer BO/Blago ties, who was hand picked by Blago to fill his congressional seat after his election as Illinois Governor?
Rahm Emmanuel.
felix
ParticipantAs I aid prior to the election, too many folks have bought into BO as savior. I don’t know if it’s was wilfull ignorance on their part of BO’s past or because of their blind hate of W but this election was like watching a B-horror movie where the actors (voters) do the least rational things.
Unfortunately, we may now have elected the least vetted and least experienced man ever to sit in the oval office.
These voters ignored BO’s lack of judgment and ability to assess character prior to the election. We have a guy with close ties to; Rezko, Ayers, Rev. Wright and Blago.
That should have been enough to make everybody very wary of his judgment but unfortunately his judgment just continues to be questionable with the nominations of: Hillary (Sec of State), Geitner(Treasury), Duncan (Education), and the appointment of Emmanuel to head his staff.
Rezko, the convicted felon, was not just a BO acquaintance but a political mentor, business partner and lets not forget, next door neighbor. And the details of BO’s Rezko facilitated home purchase stink, particularly, when you include that none other than our illustrious Governor’s wife’s firm handled the real estate purchase.
Of course that is no surprise because Blago and BO are joined at the hip, courtesy of Rezko, who started both in politics. After Blago’s arrest BO talked about two types of politicians, the good (him) and the bad (Blago) but if Blago was so different and so reprehensible to BO, why was BO the first Illinois pol to endorse Blago, not once, but twice!
Is was common knowledge among Illinois pols what type of guy Blago was even before his first election as Governor. So why would BO endorse him not once, but twice?
As far as openness, the WH press corp has already complained about a lack of openness and responsiveness to questions, not only from WH staff but from BO himself who has taken to lecturing media types, many of whom are so in love with BO they won’t do their jobs. Apparently BO thinks he, not the media, should control from whom, when and what is asked about his administration.
That shouldn’t be a surprise since BO booted folks from his campaign plane if he didn’t like what they wrote. Also we got a good taste of how open he would be when this Blago stuff I warned folks here about blew up. BO and Emmanuel have declined to discuss anything about it. Like when Rev. Wright came to pass BO prefers to lecture on a subject,(in Wright’s case it was racism, in Blago’s case it was corrupt pols), instead of answering mediaquestions.
As for even even closer BO/Blago ties, who was hand picked by Blago to fill his congressional seat after his election as Illinois Governor?
Rahm Emmanuel.
felix
ParticipantAs I aid prior to the election, too many folks have bought into BO as savior. I don’t know if it’s was wilfull ignorance on their part of BO’s past or because of their blind hate of W but this election was like watching a B-horror movie where the actors (voters) do the least rational things.
Unfortunately, we may now have elected the least vetted and least experienced man ever to sit in the oval office.
These voters ignored BO’s lack of judgment and ability to assess character prior to the election. We have a guy with close ties to; Rezko, Ayers, Rev. Wright and Blago.
That should have been enough to make everybody very wary of his judgment but unfortunately his judgment just continues to be questionable with the nominations of: Hillary (Sec of State), Geitner(Treasury), Duncan (Education), and the appointment of Emmanuel to head his staff.
Rezko, the convicted felon, was not just a BO acquaintance but a political mentor, business partner and lets not forget, next door neighbor. And the details of BO’s Rezko facilitated home purchase stink, particularly, when you include that none other than our illustrious Governor’s wife’s firm handled the real estate purchase.
Of course that is no surprise because Blago and BO are joined at the hip, courtesy of Rezko, who started both in politics. After Blago’s arrest BO talked about two types of politicians, the good (him) and the bad (Blago) but if Blago was so different and so reprehensible to BO, why was BO the first Illinois pol to endorse Blago, not once, but twice!
Is was common knowledge among Illinois pols what type of guy Blago was even before his first election as Governor. So why would BO endorse him not once, but twice?
As far as openness, the WH press corp has already complained about a lack of openness and responsiveness to questions, not only from WH staff but from BO himself who has taken to lecturing media types, many of whom are so in love with BO they won’t do their jobs. Apparently BO thinks he, not the media, should control from whom, when and what is asked about his administration.
That shouldn’t be a surprise since BO booted folks from his campaign plane if he didn’t like what they wrote. Also we got a good taste of how open he would be when this Blago stuff I warned folks here about blew up. BO and Emmanuel have declined to discuss anything about it. Like when Rev. Wright came to pass BO prefers to lecture on a subject,(in Wright’s case it was racism, in Blago’s case it was corrupt pols), instead of answering mediaquestions.
As for even even closer BO/Blago ties, who was hand picked by Blago to fill his congressional seat after his election as Illinois Governor?
Rahm Emmanuel.
felix
ParticipantAs I aid prior to the election, too many folks have bought into BO as savior. I don’t know if it’s was wilfull ignorance on their part of BO’s past or because of their blind hate of W but this election was like watching a B-horror movie where the actors (voters) do the least rational things.
Unfortunately, we may now have elected the least vetted and least experienced man ever to sit in the oval office.
These voters ignored BO’s lack of judgment and ability to assess character prior to the election. We have a guy with close ties to; Rezko, Ayers, Rev. Wright and Blago.
That should have been enough to make everybody very wary of his judgment but unfortunately his judgment just continues to be questionable with the nominations of: Hillary (Sec of State), Geitner(Treasury), Duncan (Education), and the appointment of Emmanuel to head his staff.
Rezko, the convicted felon, was not just a BO acquaintance but a political mentor, business partner and lets not forget, next door neighbor. And the details of BO’s Rezko facilitated home purchase stink, particularly, when you include that none other than our illustrious Governor’s wife’s firm handled the real estate purchase.
Of course that is no surprise because Blago and BO are joined at the hip, courtesy of Rezko, who started both in politics. After Blago’s arrest BO talked about two types of politicians, the good (him) and the bad (Blago) but if Blago was so different and so reprehensible to BO, why was BO the first Illinois pol to endorse Blago, not once, but twice!
Is was common knowledge among Illinois pols what type of guy Blago was even before his first election as Governor. So why would BO endorse him not once, but twice?
As far as openness, the WH press corp has already complained about a lack of openness and responsiveness to questions, not only from WH staff but from BO himself who has taken to lecturing media types, many of whom are so in love with BO they won’t do their jobs. Apparently BO thinks he, not the media, should control from whom, when and what is asked about his administration.
That shouldn’t be a surprise since BO booted folks from his campaign plane if he didn’t like what they wrote. Also we got a good taste of how open he would be when this Blago stuff I warned folks here about blew up. BO and Emmanuel have declined to discuss anything about it. Like when Rev. Wright came to pass BO prefers to lecture on a subject,(in Wright’s case it was racism, in Blago’s case it was corrupt pols), instead of answering mediaquestions.
As for even even closer BO/Blago ties, who was hand picked by Blago to fill his congressional seat after his election as Illinois Governor?
Rahm Emmanuel.
felix
ParticipantAs I aid prior to the election, too many folks have bought into BO as savior. I don’t know if it’s was wilfull ignorance on their part of BO’s past or because of their blind hate of W but this election was like watching a B-horror movie where the actors (voters) do the least rational things.
Unfortunately, we may now have elected the least vetted and least experienced man ever to sit in the oval office.
These voters ignored BO’s lack of judgment and ability to assess character prior to the election. We have a guy with close ties to; Rezko, Ayers, Rev. Wright and Blago.
That should have been enough to make everybody very wary of his judgment but unfortunately his judgment just continues to be questionable with the nominations of: Hillary (Sec of State), Geitner(Treasury), Duncan (Education), and the appointment of Emmanuel to head his staff.
Rezko, the convicted felon, was not just a BO acquaintance but a political mentor, business partner and lets not forget, next door neighbor. And the details of BO’s Rezko facilitated home purchase stink, particularly, when you include that none other than our illustrious Governor’s wife’s firm handled the real estate purchase.
Of course that is no surprise because Blago and BO are joined at the hip, courtesy of Rezko, who started both in politics. After Blago’s arrest BO talked about two types of politicians, the good (him) and the bad (Blago) but if Blago was so different and so reprehensible to BO, why was BO the first Illinois pol to endorse Blago, not once, but twice!
Is was common knowledge among Illinois pols what type of guy Blago was even before his first election as Governor. So why would BO endorse him not once, but twice?
As far as openness, the WH press corp has already complained about a lack of openness and responsiveness to questions, not only from WH staff but from BO himself who has taken to lecturing media types, many of whom are so in love with BO they won’t do their jobs. Apparently BO thinks he, not the media, should control from whom, when and what is asked about his administration.
That shouldn’t be a surprise since BO booted folks from his campaign plane if he didn’t like what they wrote. Also we got a good taste of how open he would be when this Blago stuff I warned folks here about blew up. BO and Emmanuel have declined to discuss anything about it. Like when Rev. Wright came to pass BO prefers to lecture on a subject,(in Wright’s case it was racism, in Blago’s case it was corrupt pols), instead of answering mediaquestions.
As for even even closer BO/Blago ties, who was hand picked by Blago to fill his congressional seat after his election as Illinois Governor?
Rahm Emmanuel.
December 23, 2008 at 8:19 AM in reply to: How much cheaper should the own vs. rent be, in order to buy? #319253felix
ParticipantI think the data on Zilpy is questionable.
I know they have the rent for the place I lease out wrong. I have leased out my house in the Del Mar area for 18 months for over $3800/month. They have it listed as rented for $2000/month on Zilpy. I don’t know where or how they got the number they are using.
December 23, 2008 at 8:19 AM in reply to: How much cheaper should the own vs. rent be, in order to buy? #319607felix
ParticipantI think the data on Zilpy is questionable.
I know they have the rent for the place I lease out wrong. I have leased out my house in the Del Mar area for 18 months for over $3800/month. They have it listed as rented for $2000/month on Zilpy. I don’t know where or how they got the number they are using.
December 23, 2008 at 8:19 AM in reply to: How much cheaper should the own vs. rent be, in order to buy? #319657felix
ParticipantI think the data on Zilpy is questionable.
I know they have the rent for the place I lease out wrong. I have leased out my house in the Del Mar area for 18 months for over $3800/month. They have it listed as rented for $2000/month on Zilpy. I don’t know where or how they got the number they are using.
December 23, 2008 at 8:19 AM in reply to: How much cheaper should the own vs. rent be, in order to buy? #319674felix
ParticipantI think the data on Zilpy is questionable.
I know they have the rent for the place I lease out wrong. I have leased out my house in the Del Mar area for 18 months for over $3800/month. They have it listed as rented for $2000/month on Zilpy. I don’t know where or how they got the number they are using.
December 23, 2008 at 8:19 AM in reply to: How much cheaper should the own vs. rent be, in order to buy? #319758felix
ParticipantI think the data on Zilpy is questionable.
I know they have the rent for the place I lease out wrong. I have leased out my house in the Del Mar area for 18 months for over $3800/month. They have it listed as rented for $2000/month on Zilpy. I don’t know where or how they got the number they are using.
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