Economics

[joecoolfreak]

Small or large business doesn't make a difference on whether or not it pays capital gains or not. All corporations pay can both capital and income taxes and they are completely separate. It depends on how the money was earned as to how it's taxed. Now, do all small businesses pay capital gains, of course not. Do all large corporations pay capital gains, nope there too. I agree that it is probably less likely that most small businesses pay a lot of capital gains taxes, but it is still a break to the ones that do.

Now to the fun part. ANY business owner that reports all of the profit from their business as their salary or income is a TERRIBLE business owner and deserves to be taxed at a higher rate. The whole point of incorporation, or LLC is to SEPARATE the business from the individual. If that individual takes every cent of profit and turns it into his/her income, then they are just bad at business. Not to mention the fact that they are also most likely losing all of the legal protections of their corporation because they are mixing personal and business money. And for the last and final time, he isn't raising taxes on small businesses, he is raising taxes on ANYONE who makes over 600k, that's it.

[Alan®]

Obama is still going to cost small business owners money right here though

. Barack Obama and Joe Biden will expand the FMLA to cover businesses with 25 or more employees. Barack Obama and Joe Biden will expand the FMLA to cover more purposes as well, including allowing workers to take leave for elder care needs; allowing parents up to 24 hours of leave each year to participate in their children's academic activities at school; allowing leave to be taken for purposes of caring for individuals who reside in their home for 6 months or more; and expanding FMLA to cover leave for employees to address domestic violence and sexual assault.

Source:http://www.barackobama.com/issues/family/

I’ll also stand up for paid leave. Today, 78 percent of workers covered by FMLA don’t take leave because it isn’t paid. That’s just not fair. You shouldn’t be punished for getting sick or dealing with a family crisis. That’s why I’ll require employers to provide all of their workers with seven paid sick days a year

Source:http://www.inclusionist.org/node/1679

[4dmin]

Obama is still going to cost small business owners money right here though


Source:http://www.barackobama.com/issues/family/


Source:http://www.inclusionist.org/node/1679

so you oppose FLMA? you must not work right? your parents pay all of your bills?

[Alan®]

so you oppose FLMA? you must not work right? your parents pay all of your bills?

No I do not oppose FLMA. I work during the summer. Sorry Daddy doesn't pay all my bills . My point is simply that this is going to effect and cost more small business more money. Not to mention this BS about 7 days paid leave being mandatory.

[flak_monkey]

Obama is still going to cost small business owners money right here though

You ever work for a small business that takes advantage of you? No paid leave? Not overtime? Unfair pay deductions? Illegally filing employees as subcontracters as a tax dodge? Cut hours after taking time off? Denied time off to deal with a family crisis? Forcing employees to pay for stolen merchandise from customer credit card fraud? I have. These things that Obama is asking for will force crook small business owners to respect their employees and help the little guy not get taken advantage of.

[Alan®]

You ever work for a small business that takes advantage of you? No paid leave? Not overtime? Unfair pay deductions? Illegally filing employees as subcontracters as a tax dodge? Cut hours after taking time off? Denied time off to deal with a family crisis? Forcing employees to pay for stolen merchandise from customer credit card fraud? I have. These things that Obama is asking for will force crook small business owners to respect their employees and help the little guy not get taken advantage of.

Yup as a matter of fact I have. You know what I did? I left. And in my experience most of those are dead end jobs anyways.

[blaknoize]

Yup as a matter of fact I have. You know what I did? I left. And in my experience most of those are dead end jobs anyways.

Not all of us can just up leave dipsh!t. I was trapped at HP for 3 years with none of those benefits and due to the fact that I was uneducated I couldnt just leave. I had bills n sh!t, as I do now at another ****ty job. I never got overtime, I had to BATTLE with corp to allow me to leave when my grandmother hit the hospital due to a stroke. My pay never increased, it only decreased. Live on ur own first before u say stupid crap like that. Thats HIGHLY disrespectful.

So no, matter a fact u havent. Live on ur own and pay all of ur own bills and keep ur on life afloat. THEN u can speak on this subject.

[DrivenMind]

And in my experience most of those are dead end jobs anyways.

Wouldn't that also depend on how motivated the employer was NOT to take advantage of you?

[BanginJimmy]

No paid leave? No overtime?

overtime and paid vacation are not rights, they are benefits. It is called a benefit because not eveyone offers them.

Unfair pay deductions?

You are going to have to explain what you mean by this.

Illegally filing employees as subcontracters as a tax dodge?

Its illegal, and if you know your employer is doing that why did you take the job in the first place? I'll give you a hint, if you fill out a 10-99 form and not a w-4, you are being paid as a contractor, not an employee.

Cut hours after taking time off?

Again, need better explanation. Time off as in calling off, or time off as in scheduled? If you are calling off work, then its in the comployers best intrests to give someone that is more reliable more hours.

Denied time off to deal with a family crisis?

I can understand your pain on this one. I have been fortunate in that I havent delt with an employer that was inflexable with family emergencies.

Forcing employees to pay for stolen merchandise from customer credit card fraud?

If you dont follow SOPs for taking a credit cad, and it ends up being fraud, then the employer has a point. If you do, then he is actually committing a felony.

These things that Obama is asking for will force crook small business owners to respect their employees and help the little guy not get taken advantage of.

Obama's plan will simply force employers to give away money for nothing. I agree that certian portions of the FMLA need to be expanded, but not nearly to the point that Obama wants to extend them. In the end, this act will cause employers, especially small business owners to work harder to keep their payroll under 25.