Signs of the Times - and a question

[HatchetJack]

Originally Posted by bobabode

So it's ok for foreign companies to screw us with impunity so you can save a few bucks. I got it now Jack. It sure is strange that the right hates Darwin except when it comes to corporations. Monkey capitalism? Sheesh. The force is strong with the tea sippers today.

No you still don't get it, sorry.

[whell]

Originally Posted by d-ray657

But the tax is only on profits, not on all of the operating revenues. Is that not correct?

Regards,

D-Ray

I'm not a tax expert, but in general terms the type of tax that is paid is based on the business's tax structure: sole proprietor, partnership, Corp, S Corp, etc. There's a tax on profits and assets. There's also local taxes to consider and those rules are many and varied.

[finnbow]

Originally Posted by whell

Businesses are not seeing those kind of rates, particularly small businesses. Due to the rise of bad debt many small to medium size businesses don't have access to the credit they used to because the lender's sphinkters have tightened considerably. A $100K loan is in the 6 - 7% range in today's market, if they can get the loan approved. Then of course if they are successful converting the loan asset into a product, there's another 10 - 15% tax on top of any gains.

Once they've written off salaries, depreciation, interest expenses, etc., they are indeed taxed upon their profits (as they should be). I suspect you probably know some people with small businesses. I do. They are very adept in writing off every imaginable "expense" and keeping their tax burden low to nonexistent. In many instances, the small business exists solely to write off its expenses against their other profitable enterprise(s).

[d-ray657]

Originally Posted by whell

I'm not a tax expert, but in general terms the type of tax that is paid is based on the business's tax structure: sole proprietor, partnership, Corp, S Corp, etc. There's a tax on profits and assets. There's also local taxes to consider and those rules are many and varied.

What assets are you suggesting are taxed? The only asset-based taxes on a business that I am aware of are property taxes, and perhaps vehicle taxes. The enterprise is allowed, however, to write off some of the value of those assets through depreciation. And, aren't property taxes generally local in nature - something that has little or nothing to do with the federal tax structure? If you are award of any federal tax on business assets, let us know.

As I mentioned earlier, I can see it being a potentially tax policy to at least defer some of the taxes for profits that are reinvested in the company - that are actually used for job creation. But I see no reason to make money that the owners take out of a business subject to any lesser tax than the income that the rest of us earn.

Regards,

D-Ray

[Rex E.]

Originally Posted by bobabode

Before you start asking me if I'm some union organizer or a shop steward the answer is no. I a self employed proud nail pounding owner of my own measley one horse show that refuses to shoot holes in my own boat by buying a Toyota or Hondato save a few bucks, I would rather ride a friggin' bicycle first. Try not to be too smug about dissing American workers is my best advice to those who shop at WalMart or buy Hyundais or some other foreign company dumping their subsidized slave made shit on our market. Sometimes I'm forced to buy from that paragon of the corporate world Home Depot but they are my last choice for supplies in my line of work. Dead last.

Problem here boba is that the union workers are usually the first and the highest number of consumers in Wal-mart back home. They are there because even though they make a tremendous amount of money and have excellent benefits they still live far beyond their means.

This is exactly why the UAW is not looked on in favor by so many back home. The pricks expect us to support them and to even bail them out but are they willing to do the same, rarely.

Nothing like pulling into the Walmart parking lot and seeing it loaded up with vehicles with pro union and union member stickers all over them.

[bobabode]

Gasps... there's scabs in Missoura? Must be a regional thang. Thing is unless there's a picket line in front of Walmart even union members can shop there. That wasn't my point anyhow. Fer chrissakes is english a dead language, too?

[Rex E.]

Originally Posted by bobabode

Gasps... there's scabs in Missoura? Must be a regional thang. Thing is unless there's a picket line in front of Walmart even union members can shop there. That wasn't my point anyhow. Fer chrissakes is english a dead language, too?

I think you may have missed my point.

[bobabode]

Originally Posted by BlueStreak

If you ask a person, who generally has a distaste for anything and everything he perceives as a "government handout" or "stealing my money and giving it to slackers" the answer is we can't afford anything---ever, regardless of any temporal economic situation, good or bad. And he doesn't give two hoots in hell what the ramifications are to his fellow countrymen so long as everything is fine and dandy in his warped little world of Gilded Age "exceptionalism" and John Wayne re-runs.

Some call this "rugged individualism", some call it "selfishness". Whatever you want to call it, I'd say it's only a good thing to a point....we should be ever vigilante as to what our government is doing with our money. However, if we let the self absorbed take over and allow their psychosis to run amuck, they will choke off every last dime and civilization itself will grind to a halt, degenerating into a anarchal nation of Social Darwinist Baboons.

Sleep tight.

Dave

Originally Posted by HatchetJack

No you still don't get it, sorry.

Yes, Jack I do get it. Sorry but I just don't agree. No biggie, we are all entitled to our own opinions and philosophical bent. Blue did sum it up pretty well by my lights. Regards, Bob.

[HatchetJack]

I know some of you are in the Peter Pan handout camp but the American
forest is about hunted out don't ya think. This is 2012 not 1980. That's
all I'm sayin. I don't understand your logic of demonizing local businesses
and giving foreign companies a free pass.

[BlueStreak]

Originally Posted by HatchetJack

Yes Dave the world economy is dragging us all down, I don't like it either.
No we should not accept it.
Dave You should not have to ask about wage/ build quality. Take the Malibu
for example. It has to be the same MSRP as the Camry, Accord and others.
The average build wage is 70-100 dollars per hour. I think that includes
paying all the retired union fat asses. Several thousand dollars total I would
think added to the price of the car. Foreign auto makers are building them
for a 3rd of that labor price. So GM is forced to make quality cuts on parts,
engineering, machining, metal, brakes, tires, carpet and who knows what else
to bring the price down to $ 22,000 MSRP
It's a tough responsibility for GM and you see it in their poor market share.
Same deal for many other American companies. The Japs set the price and
American businesses try to compete in the face of haters, unions and the
constant threat of even higher taxes and benefits.
It's a tough road.

That's not the higher costs of American labor being at fault. It is the LOWER cost structures of the slave drivers that are causing the problems.

Why can't you see that?