Obama wins...
11-08-2012, 12:08 PM
#124
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Join Date: Jul 2005
Location: Anacortes, WA
Posts: 2,478
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Fail------, I don't really have time to sit here and explain everything to you.
We are a corporation with LOTS of machinery and equipment. A capital gains tax increase is all we need.
Sure we're still in business, but the government hasn't helped us one bit. We've just had to work harder to keep up with all the ******* rules and regulations is all.
We are a corporation with LOTS of machinery and equipment. A capital gains tax increase is all we need.
Sure we're still in business, but the government hasn't helped us one bit. We've just had to work harder to keep up with all the ******* rules and regulations is all.
Here is a partial list of the things Obama has done and signed into law for small business.
1. A New Small Business Health Care Tax Credit
2. A New Tax Credit for Hiring Unemployed Workers
3. Bonus Depreciation Tax Incentives to Support New Investment
4. 75% Exclusion of Small Business Capital Gains
5. Expansion of Limits on Small Business Expensing
6. Five-Year Carryback of Net Operating Losses
7. Reduction of the Built-In Gains Holding Period for Small Businesses
from 10 to 7 Years to Allow Small Business Greater Flexibility in Their
Investments
8. Temporary Small Business Estimated Tax Payment Relief to Allow
Small Businesses to Keep Needed Cash on Hand
And a list of things advicated by Obama that are currently being blocked in congress by Republicans.
1. Zero Capital Gains Taxes on Key Investments in Small Businesses:
2. The Highest Small Business Expensing Limit Ever– Up to $500,000
3. An Extension of 50% Bonus Depreciation
4. A New Deduction for Health Care Expenses for the Self-Employed
5. ax Relief and Simplification for Cell Phone Deductions
6. An Increase in The Deduction for Entrepreneurs’ Start-Up Expenses
7. A Five-Year Carryback Of General Business Credits
8. Limitations on Penalties for Errors in Tax Reporting That
Disproportionately Affect Small Business
I also think the cuts to payroll tax is a significant benifit in the cost of hiring employees.
Can you name one spacific example how something pushed through and passed by obama is specifically hurting your business?
Last edited by bbundy; 11-08-2012 at 12:26 PM.
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11-08-2012, 06:23 PM
#129
Senior Member
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You can almost automatically count certain votes for a Democratic presidential candidate based on race. Has nothing to do with Obama being black.
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11-08-2012, 06:40 PM
#130
Its hard to explain. We are considering upgrading everything we have in the fleet and I know talk of capital gains increase has been an issue.
I'm not going to sit here and argue with any of you, cause most of you have too much time in front of the computer to waste on it. I don't.
We've been in business for a long time. Some of you older bros may remember my ramblings from a couple years ago about almost closing down. Still in that gray area and I'm learning it all as I go along.
Maybe I shouldn't have said "current administration" and "killing us" as a blanket statement cause a few of you took that to heart. All I know is, it seems like A LOT of obstacles to juggle though just to keep the doors open and trucks on the road as the years go on.
Who knows, maybe I'M being misinformed.
I'm not going to sit here and argue with any of you, cause most of you have too much time in front of the computer to waste on it. I don't.
We've been in business for a long time. Some of you older bros may remember my ramblings from a couple years ago about almost closing down. Still in that gray area and I'm learning it all as I go along.
Maybe I shouldn't have said "current administration" and "killing us" as a blanket statement cause a few of you took that to heart. All I know is, it seems like A LOT of obstacles to juggle though just to keep the doors open and trucks on the road as the years go on.
Who knows, maybe I'M being misinformed.
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11-08-2012, 07:31 PM
#131
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Join Date: Jul 2005
Location: Anacortes, WA
Posts: 2,478
Total Cats: 144
ding ding ding we have a winner.
Fact is Obama lowered taxes on capital gains for small businesses and both for Selling and if replacing operating business capital investments.
Now if you’re are a vulture capitalist say like Mitt Romney for instance where you want to buy up a company that somebody else built with their own blood sweat and tears run up the company credit card sell off the assets defund the employee retirement while transferring all the wealth to yourself in the form of qualified carry over interest capital gains while more often than not the company goes bankrupt well your taxes may go up as they very well should. ******* poster child for how our economy is being screwed.
Stop listening to Fox News, Rush Limbaugh, and Glen Beck and you might become more informed.
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11-08-2012, 08:29 PM
#132
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Location: Los Angeles, CA
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Its hard to explain. We are considering upgrading everything we have in the fleet and I know talk of capital gains increase has been an issue.
I'm not going to sit here and argue with any of you, cause most of you have too much time in front of the computer to waste on it. I don't.
We've been in business for a long time. Some of you older bros may remember my ramblings from a couple years ago about almost closing down. Still in that gray area and I'm learning it all as I go along.
Maybe I shouldn't have said "current administration" and "killing us" as a blanket statement cause a few of you took that to heart. All I know is, it seems like A LOT of obstacles to juggle though just to keep the doors open and trucks on the road as the years go on.
Who knows, maybe I'M being misinformed.
I'm not going to sit here and argue with any of you, cause most of you have too much time in front of the computer to waste on it. I don't.
We've been in business for a long time. Some of you older bros may remember my ramblings from a couple years ago about almost closing down. Still in that gray area and I'm learning it all as I go along.
Maybe I shouldn't have said "current administration" and "killing us" as a blanket statement cause a few of you took that to heart. All I know is, it seems like A LOT of obstacles to juggle though just to keep the doors open and trucks on the road as the years go on.
Who knows, maybe I'M being misinformed.
Unless you have discovered the goose that lays the golden egg, and yes, they do indeed exist, there are always obstacles for businesses large and small.
Again, most business problems and struggles have very little to do with national policy or who is in office. All businesses struggle with rudimentary issues like product, competition, personnel, marketing, customer management, and sales.
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11-08-2012, 09:15 PM
#134
I don't think taxation for the purpose of having an efficient government is the problem. The way in which this animosity towards those that have from those that don't is unhealthy. I bet there are business men out there that have profited in an illegal manner, but to say that EVERYONE that has become wealthy did it by "slaving" people is moronic at best.
With that said, Obama has ran a campaign based on attacking successful individuals while asserting that despite being scumbags people deserve a "fair chance"... whatever the frak that means. Those that are willing to make sacrifices and work hard find a way to move up. However, to believe that one deserves the world served on silver platter with no merit is dangerous mentality that I see spreading very fast.
So any bets on how quickly we make it to $16 trillion. I say 2015
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11-08-2012, 09:39 PM
#135
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11-08-2012, 10:36 PM
#136
And Rmoney's true colors start to show again.
Mitt Romney's Campaign Cancels Staffers Credit Cards In The Middle Of The Night - Forbes
Mitt Romney's Campaign Cancels Staffers Credit Cards In The Middle Of The Night - Forbes
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11-08-2012, 11:35 PM
#137
Elite Member
Join Date: Jul 2005
Location: Anacortes, WA
Posts: 2,478
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And Rmoney's true colors start to show again.
Mitt Romney's Campaign Cancels Staffers Credit Cards In The Middle Of The Night - Forbes
Mitt Romney's Campaign Cancels Staffers Credit Cards In The Middle Of The Night - Forbes
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11-09-2012, 07:11 AM
#140
Obama might suck but that **** tard was far worse. Still haven't seen is budget plan.
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