Is the democratic party stupid, blind, clueless or is it based on ideology?

[doc111]

I take it you are not a multimillionare or billionare? I don't own a small business, I work for a company...but I sort of work for myself. Our firm has cut just about everyone who is overhead in the last couple of years...about 80% of personel.

It's easy for me to see the day to day impact of this stuff in the news. Perhaps you can help shed some light on how this affects you besides just getting in your pocket. Obviously, it makes you upset from a standpoint that you worked hard for that money, but what else? Is it money to employ others you could use, money to maintain and expand your business, money you can use to secure your families future? Please make these knuckleheads understand that just because you're over a certain tax bracket that the money is not extraneous. How can it limit you?

Definitely not a millionaire or billionare! lol! It is expensive to run a business these days without having to pay ridiculous taxes. There are so many hidden costs and things you can't always plan for that come up. Equipment breaks down. Business insurance is very expensive. Depending on what kind of business one operates insurance can be insane! If you have employees, you need to be able to have competetive benefits and pay. If you pay an employee say $15.00/hr., you have to pay payroll taxes, social security, medicare, sick days, vacation time, personal time, 401k/pension, short/long term disability, there is money involved in training and hiring................as you can see it quickly adds up. I have to be able to afford insurance for company vehicles, maintenance/fuel, lease payments, and so much more, yet I still have to charge competetive prices for my goods/services. If my business is to be successful there are a lot of aspects that go into it and having to pay higher taxes always hurts small businesses and owners, which in turn hurts the economy. Small business creates the majority of new jobs in this country. America used to be an industrial powerhouse. That's no longer the case and small business has become the conerstone of our economy. We shouldn't be hamstringing one of the engines that drive the economy.

http://www.sba.gov/advo/press/10-03.html

 

[NLXSK1]

How much money was generated into the economy by making these people rich? Margins vary from 2% to 10% maybe but if someone makes a million dollars running a business that means that they did 10-50 million dollars of commerce to make that money.

The government doesnt make money, it just confiscates it...

 

[MrDank007]

How much money was generated into the economy by making these people rich? Margins vary from 2% to 10% maybe but if someone makes a million dollars running a business that means that they did 10-50 million dollars of commerce to make that money.

The government doesnt make money, it just confiscates it...

Or prints it...

 

[NoDrama]

Or prints it...

the Federal Reserve is not part of the government, its a private bank that has a Monopoly on money creation. The government does not print money.

 

[Dan Kone]

It's stealing regardless of who the money is taken from!

No it's not. You're free to move to Somalia if you don't want to pay taxes. No one is forcing you to stay here and pay taxes. We pay taxes in order to not live like citizens of Somalia. But if you would rather live in a free market utopia like Somalia, you are free to do so.

 

[NoDrama]

No it's not. You're free to move to Somalia if you don't want to pay taxes. No one is forcing you to stay here and pay taxes. We pay taxes in order to not live like citizens of Somalia. But if you would rather live in a free market utopia like Somalia, you are free to do so.

Actually you still have to pay taxes to the USA no matter where you move to. Perhaps you didn't know this, and perhaps you didn't know that you cannot just decide one day to not be a US citizen anymore, there is a expatriation process and it takes YEARS.

 

[Dan Kone]

Actually you still have to pay taxes to the USA no matter where you move to. Perhaps you didn't know this, and perhaps you didn't know that you cannot just decide one day to not be a US citizen anymore, there is a expatriation process and it takes YEARS.

If you renounce your citizenship and move to Somalia, no one will force you to pay taxes.

 

[Luger187]

Actually you still have to pay taxes to the USA no matter where you move to. Perhaps you didn't know this, and perhaps you didn't know that you cannot just decide one day to not be a US citizen anymore, there is a expatriation process and it takes YEARS.

wtf...?

even if thats true, im sure if i just left the country they wouldnt hunt me down for that

edit: unless i owed millions in taxes or something

 

[MrDank007]

the Federal Reserve is not part of the government, its a private bank that has a Monopoly on money creation. The government does not print money.

Technically yes..and while the Fed are not owned by the gov, I'm not sure I would say the are not part of it...sort of...regardless you know what I'm saying. The gov is still issues the bonds for them to buy "quantitative easing"

 

[NoDrama]

If you renounce your citizenship and move to Somalia, no one will force you to pay taxes.

Except for the IRS. You can't "renounce" your citizenship. Like I said there is a expatriation process, without going through that process you are and will always be a US citizen and will have to pay taxes on income derived from any source. Look it up.

 

[Dan Kone]

Except for the IRS. You can't "renounce" your citizenship. Like I said there is a expatriation process, without going through that process you are and will always be a US citizen and will have to pay taxes on income derived from any source. Look it up.

Yeah, IRS isn't going to come to Somalia to track you down.

 

[NoDrama]

Yeah, IRS isn't going to come to Somalia to track you down.

They don't need to, they can expropriate all your money by electronic means. So unless you live only using gold and silver to make payments, your going to pay taxes.