WatchI thought this was rather interesting: A rising star in the GOP at a major RNC convention not only said of the GOP "stop being the stupid party" but he also said:
"It’s time for a new Republican Party that talks like adults,” “We had a number of Republicans damage the brand this year with offensive and bizarre comments. I’m here to say we’ve had enough of that.”
OMG. I think this is actually one of the few times I've totally agreed with a Republican politician.
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Vicente says
employees of the corporation or corporation it self ?
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thomaswong.1986 says
you think it was the city state or muni that gave to Obama from the Govt funds ?
authorized by the mayor or city/county elected officials.. or just employees of the
city/state/county and muni ?
I dont see any corruption here.. do you ? would anything else be different from the list ?
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The stupidest thing the Republican party does is fund not only their own party but also fund the other party as well.
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San Mateo, CA
thomaswong.1986 says
As Kevin mentioned, we're talking about taxable income in the upper bracket only, after a small business owner has deducted expenses from his income.
What about the 2% payroll increase in 2013? That affects the small business owner too, and everybody who makes from $1 up. Why wasn't this mentioned at all by the GOP?
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thomaswong.1986 says
If you can't tell the difference between talking about threats and sending in troops then you aren't qualified to participate in this discussion.
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Davis, CA
The more important point about Jindal, is WHAT IS GOP GOING TO CHANGE?
Other than calling for their LOON wing to keep it's mouth shut, what of substance?
It's like keeping David Duke in the party but asking him to "tone down" his racism. It just doesn't wash, you need some ACTIONS not words and PR claims. Was he calling to jettison the Loon Wing entirely? No he was not, it's more like stay in the closet but stay on our side and keep giving us money.
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Abilene, TX
This is about as ignorant as it gets....
Kevin says
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ThreeBays says
yes.. i know that.. but as i suggest you actually look around your town and city and talk to a small business owner.
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thomaswong.1986 says
What good would that do? If he makes over $400K in taxable income, why is anyone worried about him???
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He can tell you how "hard" he works and how many people he employs.
Talking about small business owners is an emotional way yo shield criticism for bad policy.
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tatupu70 says
expansion on current business..new capital purchases, new hiring and facility leases dont grow on trees or come out of nothing.
this should be obvious to you ! think of 7-11 or any chain store/restaurant you see everyday... started with one and doubled and kept doubling creating jobs.
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Kevin says
when you take your first MBA class be sure to wear some diapers.. your going
to learn something on how business is done: created and grown...
no emotions ... just facts any business major can talk about..
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thomaswong.1986 says
Again--what does that have to do with the point at hand? By all means, he has most likely earned his success. And I'm sure if he makes over $400K/year TAXABLE income, he is enjoying the fruits of his labor. Why in the world should anyone be worried about him?
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tatupu70 says
so emotional you are...
https://www.youtube.com/watch?v=CmgP266RPYA
Cost of Capital.. Debt or equity financing higher than internal Retained Earning IRR... go figure it out..
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Davis, CA
thomaswong.1986 says
Yeah MBA will give you the real scoop.....
https://www.youtube.com/watch?v=YlVDGmjz7eM
NOT!
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Abilene, TX
No one 'earns his success' with this administration.
It's always a 'community effort'...
tatupu70 says
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Vicente says
MBA, 4 year BA/BA or even 2 year Community College.. pick one.
either way, it just illustrates the hate by the left of anyone being successful.
your world view is a twisted Utopian fantasy..
isnt that what No. 6 fought against in the village ?
or am i talking to schizoid man ?
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Davis, CA
thomaswong.1986 says
My Dad was a very successful businessman, now retired. He didn't need an MBA to do that. The only people who think you need an MBA to run a small business, are people who've been brainwashed about the value of MBA degree.
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Vicente says
skip the MBA and take a few night classes at the Community College..
or just pick up a $20 text book..it doesnt matter either way..
its the same info/facts for internally growing a business.
You can see every day down main street.. some guy/gal owns
a beauty salon, coffee shop, restaurants, etc etc...
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thomaswong.1986 says
Very good Thomas. Care to actually make an argument or will you keep mentioning business terms of which you appear to have a very limited understanding?
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thomaswong.1986 says
thomaswong.1986 says
You appear to be one talking about emotions....
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tatupu70 says
only you have the limited understanding..else
go talk to guy who grew McDonalds or StarBucks to what it is today.
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tatupu70 says
i have a better one for you....
"[I]f you don't have any fresh ideas, then you use stale tactics to scare the voters," he proclaimed, "If you don't have a record to run on, then you paint your opponent as someone people should run from."
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thomaswong.1986 says
Thomas--seriously, what is your point?
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thomaswong.1986 says
Why would anyone " Hate" anyone that is successful? That's a fairly gross assumption. Clearly people on the left like music just like those on the right. They also like various companies that make the products they like. And of course many on the right Like President Obama who is a success as well.
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edvard2 says
oh no... you continue.. tell me why YOU or anyone else deserves a little more from that pie.. and what will you do with a little more of that pie for yourself..
better off the business owner keeps greater portion and grows his business which has shown to employ and give incomes to more people than paying higher taxes to fund govt hand out programs. In such extremes.. Socialism failed.
Time to pull yourself by the bootstrap if you want to make it.
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thomaswong.1986 says
I do very well financially and I started making $4.25 an hour, working my way up the ladder to the point where I am probably within the upper 10% earning bracket for the Bay Area. So if you think I'm going to whine and complain, well again- it just comes to show that its a misrepresentation to assume that ALL liberals are
A: Socialist
B: Don't like people who have lots of money
Interesting because some of the world's richest people also happen to be very wealthy.
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David Losh's website
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thomaswong.1986 says
OK, alrighty then, bootstraps huh?
If you are talking about business owners that make, or keep, $400K per year, yes they can afford to pay more in taxes, but that isn't the point at all.
Anybody can make as much money as they want, it's just that most people don't want to make money. That is just a fact.
When you ask people about goals, and ambitions most people have a long list of helping others, before they think to build wealth.
I have had this conversation with hundreds of hot shots over the years that talk about all kinds of stuff before they ever get around to building wealth.
Most guys want fancy cars, fancy clothes, and fancy women. Most women want fancy houses, fancy cloths, and fancy retirement programs.
Rich is much different than wealth, but to be rich, or to be wealthy is very simple, and anyone can do it.
This class warfare myth that the Republican Party tries to project is a diversion from the true problems that face our country, and global financial markets.
We are way past a full employment eutopia. There will need to be more quality to life than just what one individual can provide for a family.
So, yes, we need to raise taxes, yes we need to cut spending, and yes we need to Provide more for the Public Welfare.
It's in the Constitution, one of the greatest documents ever written, if you don't like it there are plenty of other places to go.
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thomaswong.1986 says
Nobody hates anybody for being successful.
What I do *hate* is the moronic misunderstanding of progressive taxation. When you take your first economics class (MANDATORY if you're trying to get an MBA), you'll learn all about why progressive taxation has proven to be the most successful model in the world, and how it saved capitalism in the 20th century.
If a guy makes $400k a year, that's fantastic. Good for him. But yes, he should be paying a higher tax rate than the guy making $200, and the guy making $200 should be paying a higher rate than the guy making $50.
It's just sound economic policy.
By the way -- I am successful. I didn't quite hit $400k last year, but I came really close. I've started, run, and sold my own business more than once. Don't give me this bullshit lie.
Unless you live in a state with a B&O tax (I'm guessing you don't even know what that is), taxes come on your profits. As a result, taxes have fuck-all to do with the success or failure of a business or what you invest in it. If you want to invest to grow your business, that's called an "expense", and you DON'T PAY TAXES ON IT. All taxes impact are, at most, the disposable income of the person receiving the profits.
No real business owner makes any real business decisions based on what his tax rate is going to be (other than, perhaps, figuring out how to avoid paying taxes). They hire based on demand. They grow based on revenue. They succeed or fail not because of their tax rate, but because they figure out how to make a profit to be taxed in the first place.
If you want to talk about government policy that helps or harms small businesses, you can legitimately gripe about regulations, business license fees, etc. Taxes don't mean shit.
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This is yet another one of those
"Lazy hippies!" diatribes: Another cliche where any and all liberals are deemed to be not only lazy, but probably also incapable of working hard , love anything that smells like socialism, and detests anyone with money.
All part of the ongoing influence of right wing entertainment.
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KarlRoveIsScum says
this is what happened after you go after all the dirty air and dirty water as you call it.
congratulations for winning the war on polluters and thus put many Americans out of job.
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Kevin says
Kevin says
Clearly even the most well know CEO from CA would disagree with you..
http://www.pressheretv.com/ep-137-advice-for-zuckerberg/
FYI.. I do have Undergrad in Accounting, CPA, plus MBA from Santa Clara University... not to mention 3 decades of Tech experience.. your just a child compared to me.
If you really worked in business especially a large public company which staffs large numbers of Financial Planning and Analysis (FPA) professionals who make quarterly plans related to top line revenues, spending, and EPS.. you know exactly that spending no matter what the demand may be will be placed in check.. and the whole forecast will include the tax impact to get to EPS (after tax). We see this everday during earning seasons announcements. Estimates and Actuals.
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thomaswong.1986 says
Thomas--clearly you are not a big picture kind of guy. Every company forecasts earnings and those forecasts include estimates for revenues, capital spending, fixed and variable costs, earnings, etc. So what?
They make decisions based on forecasted demand. If sales are expected to be up 100%, you can damn well bet that the company will have plans to expand. Conversely, if sales are expected to be down, they will plan reducing capacity and spending, if possible.
Compare that to what they would do if their tax rate changed. If their tax rate is expected to be reduced, the company will simply raise the earnings/share estimate. They will NOT plan to hire.
No company makes day to day decisions based on tax rate.
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David Losh's website
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Kevin says
When you get to that point of $400K per year taxes are simply another cost of doing business.
The employees on the other hand get smacked hard for every dollar they lose.
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thomaswong.1986 says
The ETR is there to complete the numbers to get to EPS. FP&A just plug it in. It's basically it is what it is.
The tax people obviously want to get the rate down and do their own thing and make them look good. A CEO/CFO surely knows how to compare rates with others. Most of it is strategic, say entity formation, move the treasury to Oregon and transfer pricing. Obviously that's why tax directors make 200K+ base and tax partners make $1M
The rest of the company (99.9%) makes decision above the line.
I never met someone who is afraid iof making money because of income tax.
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SFace says
This is a stupid thing, but I was one of those who spent more time trrying to beat the taxes than actually looking at the big picture.
I would have these long complicated discussions with my accountant, who is very nice, and he listened for a couple of years, until one day he just said, "Stop talking, and learn to be a happy tax payer."
Once you get to a certain point in business taxes are just another set of numbers.
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robertoaribas's website
SFace says
the only caveat I'd give, is taxes are the main reason I don't flip homes.... If I buy a cheap home, say $40K instant profit after I fix it, I would be hit with short term capital gains taxes... If I rent it for a year, I'd only pay long term capital gains taxes... Seems like that is enough more money to me, especially adding in the rent, to go long with it.
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Emeryville, CA
Vicente says
There are a lot factors to determine the value of an MBA. For example, is it one-ply or two-ply?
I mean, Bush had one, right? And that dude was drunk and on coke the entire time he was a bad businessman. Do they teach that at MBA school?
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CL says
Hey, hey. No need to be nasty, let's be fair.
Bush was not drunk and on coke the entire time he was a bad businessman. At some point he quit the drink and drugs and was a perfectly sober bad businessman for a good part of his career.
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leo707 says
I guess if you count the shady Saudi deals at Arbusto, or the Tax-payer subsidized land-stealing eminent-domain abusing Sports Authority deals.
Ahh...it would be nice to have a "businessman" with an "MBA" in the Whitehouse.
Obama hasn't even run a lemonade stand!