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  1. #1
    Join Date
    Feb 2003
    Location
    South East, MO
    Posts
    400

    $250,000 Small Business

    I would like to discuss this somewhere above the ARP level I hope it doesn't go there ............This $250,000 Small business Obama plan seems like it will effect most in our trade, that own their business. A person for the campaign was on this morning a claimed that 250k is gross receipts not net . I would say that figure will hit many in the construction trades. Why do they laugh and say a plumber can't do that . I think 6-8%net profit is an industry average,if you can hit that. I know I'm not a harvard kind of guy But I know my Books.

    I got more to say b ut lets see how many Joe the HVAC guys this might effect.
    I believe in the dignity of labor, whether with head or hand; that the world owes no man a living but that it owes every man an opportunity to make a living.
    ***********
    A free people ought not only to be armed and disciplined,
    but they should have sufficient arms and ammunition to maintain a
    status of independence from any who might attempt to abuse them,
    which would include their own government.
    --George Washington

  2. #2
    Join Date
    May 2007
    Location
    Alabama
    Posts
    909

    It does not matter.....

    What business you're in or if you're just an employee, his idiotic tax plan will cost everybody! Think about this....If your overhead suddenly costs more, who do you pass that cost on to?

  3. #3
    Join Date
    Dec 2005
    Location
    Vero Beach, Florida, United States
    Posts
    2,675
    Quote Originally Posted by BamaCool View Post
    What business you're in or if you're just an employee, his idiotic tax plan will cost everybody! Think about this....If your overhead suddenly costs more, who do you pass that cost on to?
    Bingo! Correct on all points.
    Owner
    All-American Air Conditioning
    Vero Beach, Florida

  4. #4
    Join Date
    May 2000
    Location
    Rochester, NY, USA
    Posts
    14,288
    Obama is not only NOT good for the country, he is NOT GOOD for business.


    It sounds like Obama is going to penalized us for growing and hiring. If he is going to increase taxes on anyone making over $250K, why bother?

    I have to tell you, if your in the northeast, The first quarter of next year looks extremely bad and you should be very concerned. This year the first quarter sucked and the economy wasn't nearly as bad as it is right now.

    To be honest, I'm am saving every single penny I can because NO ONE is going to be spending any money after January 1st.

    I'm going to change the name of my company to AIG, maybe the government will bail me out
    The Last four letters


    American = I Can, Republican = I Can, Democrats = Rats


    any questions

  5. #5
    Join Date
    Sep 2005
    Location
    Atlanta GA area
    Posts
    21,052
    Look in the 'Joe the Plumber' thread, there is a good discussion of this $250K gross sales thingy there.

    There is a solution though: Form a corporation (or a sub s corp). Then the gross sales are at the business level, and your income is salaried...

    But back on the topic; lets not forget that with inflation comes tax bracket creep... guess who gets it in the 'end' when bracket creep happens... everyone!

    At the other thread, I asked the question: Do we still think BHO is the savior, and John McCain is the bad guy?
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  6. #6
    Join Date
    Nov 2005
    Location
    Kansas
    Posts
    4,413
    This thread does not belong into Business & Marketing.
    You are all completely nuts. $250 K income is taxed and most of you don't have that much left at the end of the year. Small business will be not much affected. Your IQ must be very low to not realize that republican politics is very very bad except if you belong to the top 5% who own 95%. I love big government and taxes democratic style, it's a lot cheaper than going into the hole with republican politics, like failed economic policies, going to war for no reason and pissing off the rest of the world, that costs trillion of $.

  7. #7
    Join Date
    Sep 2005
    Location
    Atlanta GA area
    Posts
    21,052
    Lets look at post #44 in the thread 'Joe the Plumber', posted at 4:19 PM today by K_Fridge:

    Ok...truth comes out. Just heard an Obama staffer on Fox news....the news babe nailed her down on the tax threshold. It's $250'000 gross, so yes it will nail all you sole proprieterships out there.
    (end of post)

    http://hvac-talk.com/vbb/showthread....=1#post2018736

    Looks like voting for a handout at someone else's expense is more important than knowing the facts.

    I wonder what these wonderful liberals will think when they realize it is THEIR tax $$$ being taken and given away???
    GA-HVAC-Tech

    Quality work at a fair price with excellent customer service!

    Romans Ch's 5-6-7-8

    2 Chronicles 7:14

  8. #8
    Join Date
    May 2000
    Location
    Rochester, NY, USA
    Posts
    14,288
    Quote Originally Posted by tostaos View Post
    This thread does not belong into Business & Marketing.
    You are all completely nuts. $250 K income is taxed and most of you don't have that much left at the end of the year. Small business will be not much affected. Your IQ must be very low to not realize that republican politics is very very bad except if you belong to the top 5% who own 95%. I love big government and taxes democratic style, it's a lot cheaper than going into the hole with republican politics, like failed economic policies, going to war for no reason and pissing off the rest of the world, that costs trillion of $.
    I'd rather be a Bankrupt Free Republican, than a slave to a master Democratic Government. Go worship at the alter of Karl Marx
    The Last four letters


    American = I Can, Republican = I Can, Democrats = Rats


    any questions

  9. #9
    Join Date
    Nov 2005
    Location
    Kansas
    Posts
    4,413
    Yeah right, it's so funny that the republican administration has to socialize the banking system. They were not capable to watch out at the Wall Street Casino. I have no problem with this rich guys gambling, so long nobody else gets hurt.

  10. #10
    Join Date
    Nov 2005
    Location
    Kansas
    Posts
    4,413
    Did you guys ever realized that all this plans from presidential politicians are just ideas? Presidents don't make laws, it's the congress. lol

  11. #11
    Join Date
    May 2000
    Location
    Rochester, NY, USA
    Posts
    14,288
    Quote Originally Posted by tostaos View Post
    Did you guys ever realized that all this plans from presidential politicians are just ideas? Presidents don't make laws, it's the congress. lol

    your Messiah has "plans" no body ever said anything about laws.
    The Last four letters


    American = I Can, Republican = I Can, Democrats = Rats


    any questions

  12. #12
    Join Date
    Dec 2005
    Location
    Vero Beach, Florida, United States
    Posts
    2,675
    Quote Originally Posted by tostaos View Post
    Did you guys ever realized that all this plans from presidential politicians are just ideas? Presidents don't make laws, it's the congress. lol
    Really? No crap? Hhhhhmmm yeah. So blame Republicans in the ARP and then come in here and blame the Democrats?

    Hmmmm yeah have we not had a Democrat run Congress the last few years?

    Thanks for reaffirming what we already knew.
    Last edited by Richard Kletty; 10-18-2008 at 10:07 PM.
    Owner
    All-American Air Conditioning
    Vero Beach, Florida

  13. #13
    Join Date
    Jul 2001
    Location
    Gold Coast of Connecticut
    Posts
    4,578
    Quote Originally Posted by tostaos View Post
    This thread does not belong into Business & Marketing.
    You are all completely nuts. $250 K income is taxed and most of you don't have that much left at the end of the year. Small business will be not much affected. Your IQ must be very low to not realize that republican politics is very very bad except if you belong to the top 5% who own 95%. I love big government and taxes democratic style, it's a lot cheaper than going into the hole with republican politics, like failed economic policies, going to war for no reason and pissing off the rest of the world, that costs trillion of $.
    If you honestly believe it will only be the top 5%...............you do not know government. It starts that way then it is 200K, then 150.......you know how it goes.
    Aire Serv of SW Connecticut- Gas heat, dual fuel and central a/c systems installed and serviced

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