Do you make atleast $250k

[tony]

Okay, you should like my side of this argument then.

At $20k a year that would be.. $1600 a month for you? Just an example, you don't have to confirm.

I'm at about $5400 a month.

Okay, real wages. If we have the same tax rate at 10% I'm paying $540 while you are paying $160. Seems unfair to me right? But with real wages we're paying the same amount for necessities, food, shelter, etc.. and that is where the discrepancy starts.

When you go to the grocery store, a $200 grocery bill affects you a LOT more than it effects me. $200 is 12% of your salary while it is 3.8% of mine. These are things that are necessary to your life that we all pay the same amount for.

Mike, you pay proportionately more than I do for a gallon of Milk, even though the price tag doesn't change. That is why I do not mind paying the higher tax rate to offset this discrepancy. When everything is figured up my higher taxes alleviates the financial burden that you already have at a lower income, but we are both still driving this economy.

If you raise taxes on the lower income you create an even greater imbalance in the Economy which drives a wedge between those who have, and those who do not. And trust me Mike, this economy not only thrives off of the rich but also those every day low income earners.

[Kevykev]

Question:

By the way, why did Kev's post get deleted?

ANSWER:

he asked me to delete it

My Response:

[silversol]

my business will do $300,000 in sales this year.

I make as little as possible so i dont get taxed, everything is a write off.

BUt this thread just shows again how people just DONT GET IT.

Look its REALLY SIMPLE:

1) You guys making UNDER $100,000 which is 99% of this board, who do you think you WORK FOR, who do you think EMPLOYS you? Its the guys making $250,000 a year+. THEY CREATE YOUR JOBS

2) Its easy when you are 20 making $30,000 a year to sit and say that $250k is TOO MUCH and its RICH! My dad makes that a year, and hes not RICH. Trust me.

3) THe problem with Obama is he is LIEING. He sits here and tells you that A) hes going to cut your taxes B) tax the rich to give to the POOR

What he DOESNT tell you is that hes going to raise the A) Death Tax B) Capital Gains Tax C) Tax on Guns D) LET THE ALREADY EXISTING BUSH TAX CUTS EXPIRE

The money you are getting back now was increased by PRESIDENT BUSH. OBAMA has said he will let those EXPIRE on several occasions. That means your TAXES WILL GO UP, then he will give you a tax break on your NEW NOW HIGHER TAX RATE.

YOU CANNOT STIMULATE GROWTH OF THE ECONOMY (WHICH IS THE NUMBER 1 ISSUE) BY TAXING THE "RICH". Its HISTORICALLY PROVEN that when you RAISE taxes on the poeple that are EXPANDING THEIR BUSINESS AND CREATING JOBS that they will CURB COSTS by CUTTING JOBS/PRODUCTIVITY.

So your BOSS now has to pay an extra 62% in taxes under OBama, you think hes gonna give you a raise now? **** no, hes going to LAY PEOPLE OFF to make up for the money he just LOST.

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

Why should the people that WORK HARD and CREATE THEIR OWN WEALTH and reinvest into this economy, be asked to pay more.

TAXING is about RAISING REVENUE , NOT REDISTRIBUTING WEALTH.

the TOP 50% of ALL EARNERS pay 95% of ALL INCOME TAXES.

THink about that for a second. That means YOU, the bottom 50% pay only 5% of the ENTIRE TAX BURDEN per year.

Fact is most of you dont pay taxes, you dont MAKE ENOUGH. THat check you get back at the end of the year, thats money you OVERPAID and gave the govt an interest free loan.

Why work hard to get ahead if your just going to be asked to give your hard earned money to a "poor" person.

Thats not Capitalism, thats COMMUNISM/SOCIALISM. Go read what redistribution of wealth is, it has NEVER WORKED.

so how many people do you employ now mike? and the bush tax cuts were never ment to be permnent. and what can you prove obama has lied about? ill bet we can make a mile long list with palin tho. funny "rich" people dont really get that money travels from the bottom to the top. if the poor when they have money spend it. while when the rich get a tax cut they just throw it on the pile with the rest of there money

[Vteckidd]

I employ myself but this is my FIRST YEAR. you do realize ive only been open for 8 months.

I hope to aggresively expand next year especially when my line comes out.

[v-empire]

GO MIKEY MIKE!!!

MAKE MONIES!!

didnt know you open a business.. what line are you opening??

[silversol]

I employ myself but this is my FIRST YEAR. you do realize ive only been open for 8 months.

I hope to aggresively expand next year especially when my line comes out.

[Vteckidd]

I really hate talking about it because it comes off as arrogant. But let me make this point.

you have to START somewhere. Many businesses dont last 6 months, some shorter. i work pretty damn hard, ive paid my dues and busted my ass for the last 6 years working for other people, learning the ropes, making mistakes, making sh!t pay, sacrificing, etc.

Im blessed to be in the position i am and to be doing what im doing. Im blessed to be able to eat day and to be able to survive.

Im hungry though, i want to make alot of money. I want to expand, i want to open a shop, i want to get into emissions stations, car washes, day trading, and other stuff.

So in the NEAR future, and im not BSing, i want to employ more than myself.

My business model has been to keep COSTS low in my first 2 years, i do primarily INTERNET sales, i dont require a storefront. 1% of my total sales were local, 99% is online out of state or country.

Why should i go get a $1000 month building and have that liability when i dont need it right now? id rather save that $1000 a month $($12000/year) and keep it as operating capital, or invest it in equipment.

Next summer i want to open my own shop that is going to cost me $50,000 minimum. Between lifts and a dyno. I couldh ave opened a shop by now but it would have been half assed and not done right. Id rather wait and do it when the time is right.

So yeah i will be employing people in the future, and the fact is Obama is going to make it VERY hard for me to expand and very hard for me to employ MORE PEOPLE.

Travis, and you know i respect you, youve had your own thing now for what 2 years? and you still only employ yourself. Do you have a business license? are you SERIOUS about growing and making more money like i am?

I dont think you are i get the sense that you are just doing this to do it. You arent going to be doing this when you are 40. You can make $30,000 or more a year doing what you are doing and work the hours you want.

My question to you is WHERE DO YOU SEE YOURSELF in 5 YEARS?

[v-empire]

i wish you all the best, mr. sexy pants!

the fact that OBAMA or ANY other person in office will make is difficult, is untrue and you know that for a fact.

there is a reason why the rich is rich and the poor stays poor.

there is a reason why there are rich people in mexico, congo, india, sweden, germany, USA, etc.... their excuses are not political, infact, they have no excuse.

they adapt. and i know you have it in you. get 'em tiger.

[Vteckidd]

i wish you all the best, mr. sexy pants!

the fact that OBAMA or ANY other person in office will make is difficult, is untrue and you know that for a fact.

there is a reason why the rich is rich and the poor stays poor.

there is a reason why there are rich people in mexico, congo, india, sweden, germany, USA, etc.... their excuses are not political, infact, they have no excuse.

they adapt. and i know you have it in you. get 'em tiger.

You cant be serious. Dave you know i respect you too, but this isnt going to affect you?

In 2006 (the latest year available), $706 billion of such income was reported to the Internal Revenue Service. Of this, about half was reported by households in the top marginal income tax rate. Interestingly, two-thirds of this income was reported by households making $250,000 per year or more — the very same households that Obama wants to increase taxes on.
See also

* VP prospects move to fix flaws
* Controversy precedes Obama Germany visit
* McCain camp reassures GOP of finances

The Obama campaign maintains that the number of small-business owners is what’s important. Economists know what matters is the tax rate that’s applied to the bulk of small-business income. Make no mistake about it: Obama’s plan to raise taxes on households making more than $250,000 will raise taxes on most small-business profits in America.

What type of tax rate are we talking about? Currently, S corporations face a top tax rate of 35 percent, while sole proprietors and general partners face a tax rate of 37.9 percent (since they’re responsible for paying both income tax and the Medicare component of the payroll tax).

Under Obama’s plan to let the scheduled 2011 tax rate hikes occur, and his plan to raise the self-employment tax on those making more than $250,000, the S corporation rate would rise from 35 percent to 39.6 percent. The sole proprietor and partner rate would rise from 37.9 percent all the way up to a staggering 50.3 percent. Many Democrats in Congress have proposed making all small businesses (including S corporations) pay this 50-plus percent rate. A small business tax rate that high would be the highest marginal rate faced by them in nearly a quarter-century.

[silversol]

I really hate talking about it because it comes off as arrogant. But let me make this point.

you have to START somewhere. Many businesses dont last 6 months, some shorter. i work pretty damn hard, ive paid my dues and busted my ass for the last 6 years working for other people, learning the ropes, making mistakes, making sh!t pay, sacrificing, etc.

Im blessed to be in the position i am and to be doing what im doing. Im blessed to be able to eat day and to be able to survive.

Im hungry though, i want to make alot of money. I want to expand, i want to open a shop, i want to get into emissions stations, car washes, day trading, and other stuff.

So in the NEAR future, and im not BSing, i want to employ more than myself.

My business model has been to keep COSTS low in my first 2 years, i do primarily INTERNET sales, i dont require a storefront. 1% of my total sales were local, 99% is online out of state or country.

Why should i go get a $1000 month building and have that liability when i dont need it right now? id rather save that $1000 a month $($12000/year) and keep it as operating capital, or invest it in equipment.

Next summer i want to open my own shop that is going to cost me $50,000 minimum. Between lifts and a dyno. I couldh ave opened a shop by now but it would have been half assed and not done right. Id rather wait and do it when the time is right.

So yeah i will be employing people in the future, and the fact is Obama is going to make it VERY hard for me to expand and very hard for me to employ MORE PEOPLE.

Travis, and you know i respect you, youve had your own thing now for what 2 years? and you still only employ yourself. Do you have a business license? are you SERIOUS about growing and making more money like i am?

I dont think you are i get the sense that you are just doing this to do it. You arent going to be doing this when you are 40. You can make $30,000 or more a year doing what you are doing and work the hours you want.

My question to you is WHERE DO YOU SEE YOURSELF in 5 YEARS?

mike i do have respect for you also even tho we dont see eye to eye when it comes to politics! yes i am serious about growing and makeing more money. i was in the process of getting my dealers licence but you know my age and the insurence involed its not a smart choice and the moment. you know it takes alot of money to get a dealers licence and with the economy like it is who is buying cars? who has money for a car at the moment? or a good job? so why put out the big bucks to do it when you know it will fail due to the economy.

in 16 months i will be 25 and the insurance will be more affordable and depending on the economy i hope to have a lot and thing going well as a car dealer licence in the next 5 years. i wish you well on opening a performance shop and i hope we can do bussiness in the future. but where do you think the "import" market is going to be in 5 years? or any performance automotive bussiness will be in 5 years?

And like you said your self as a bussiness owner you get many "tax write offs" but if i am makeing 300K a year profit whats the big deal paying the extra tax? do you think its fair you makeing 300K a year profit that you should have to pay the same amout in tax as the guy makeing 50k a year?

[v-empire]

You cant be serious. Dave you know i respect you too, but this isnt going to affect you?

no its not.

what you dont know also is, before i got my green card and had my hands tied behind my back with just a student then work visa..

i couldnt work anywhere, i couldnt apply for a loan, get any assistance, i had to work under the table really hard, in fact sun up til sun down, to pay for my tuition.

i worked so hard, it would make most men cry, and even slept on the streets of NJ, just to make it thru college and pay everyting in full.

what you dont know is i had to work around my visa status as soon as SEPT 11 happened and the economy took a ****ter and has not recovered till now, and the govt cutting off H1-B visas to recent internatinal graduates.

I got job offered at Lehman Bros., Deutsche bank, Canton Fitzgerald and they all went down with the twin towers.

So no large corporation would hire international graduates unless they were transfered from another company already.(within those periods)

long story short, worked for a couple of corporate firms then started my own business thru other means... and i am here today.

i never give up and i ve been growing as a person, an investor and learning to adapt to changes as they go along.

i cant depend on the economy, the laws, the president, the crowd etc.... its decisions i make that will change my life.

if i was dependent on anyother forces and not move for the smarter decision, i would be back in my country as a second grade citizens with less rights then someone else. everything that america/freedom is against.

as of today, i m looking to acquire investments of over 7 figures, something i ve not done and i am scared... but it will change my life if it goes thru despite the risk and the economy and despite who comes into office.
excuses show the worst in somebody. i would have zero dollars in the bank to being worth 7 figures all in a matter of minutes of a deal if it ever goes thru.

i will be a millionaire with or without help from the govt. makes no difference to me. they have been my biggest set back as far as i know, so what difference is it going to make......

i just feel bad for the others.

i dont see either of them as politicians of the re or blue, i see them as people i can relate.

someone i can see meeting with other political leaders and breaking barriers and proving to the world, america is not about supremacy or about capitalist and deterrant forces... but america is about its people.

im simplicity and ignorant phrase from me, of course i read both their agendas and listen to both of them continuosly coz i am about learning, my simple analogy, politics aside is...

i would vouch for a man with one humble house and drive a ford escape hybrid, who has more to lose if he loses his house, then a man who is worth 150 million and have 13 houses and mansions and 12 cars.

altho that doesnt matter in the race to the seat, but its a great motivation for me. he has made his decisions and have come thus far from humble beginings....i d give that man a chance to run.

it shows alot of courage.

i appreciate your respect. thanks, Mike.

[Alan®]

no its not.

what you dont know also is, before i got my green card and had my hands tied behind my back with just a student then work visa..

i couldnt work anywhere, i couldnt apply for a loan, get any assistance, i had to work under the table really hard, in fact sun up til sun down, to pay for my tuition.

i worked so hard, it would make most men cry, and even slept on the streets of NJ, just to make it thru college and pay everyting in full.

what you dont know is i had to work around my visa status as soon as SEPT 11 happened and the economy took a ****ter and has not recovered till now, and the govt cutting off H1-B visas to recent internatinal graduates.

I got job offered at Lehman Bros., Deutsche bank, Canton Fitzgerald and they all went down with the twin towers.

So no large corporation would hire international graduates unless they were transfered from another company already.(within those periods)

long story short, worked for a couple of corporate firms then started my own business thru other means... and i am here today.

i never give up and i ve been growing as a person, an investor and learning to adapt to changes as they go along.

i cant depend on the economy, the laws, the president, the crowd etc.... its decisions i make that will change my life.

if i was dependent on anyother forces and not move for the smarter decision, i would be back in my country as a second grade citizens with less rights then someone else. everything that america/freedom is against.

as of today, i m looking to acquire investments of over 7 figures, something i ve not done and i am scared... but it will change my life if it goes thru despite the risk and the economy and despite who comes into office.
excuses show the worst in somebody. i would have zero dollars in the bank to being worth 7 figures all in a matter of minutes of a deal if it ever goes thru.

i will be a millionaire with or without help from the govt. makes no difference to me. they have been my biggest set back as far as i know, so what difference is it going to make......

i just feel bad for the others.

i dont see either of them as politicians of the re or blue, i see them as people i can relate.

someone i can see meeting with other political leaders and breaking barriers and proving to the world, america is not about supremacy or about capitalist and deterrant forces... but america is about its people.

im simplicity and ignorant phrase from me, of course i read both their agendas and listen to both of them continuosly coz i am about learning, my simple analogy, politics aside is...

i would vouch for a man with one humble house and drive a ford escape hybrid, who has more to lose if he loses his house, then a man who is worth 150 million and have 13 houses and mansions and 12 cars.

altho that doesnt matter in the race to the seat, but its a great motivation for me. he has made his decisions and have come thus far from humble beginings....i d give that man a chance to run.

it shows alot of courage.

i appreciate your respect. thanks, Mike.

WOW. That's all I can say after reading this post. But I still have one question. Why after everything you have been through would you or anyone else in your cituation want someone in office that is going to take 60% of what you have worked so hard for?

[tony]

Another good post just completely glossed over, exactly why I just sit back and watch the BS rather than engage in mindless banter.

[v-empire]

WOW. That's all I can say after reading this post. But I still have one question. Why after everything you have been through would you or anyone else in your cituation want someone in office that is going to take 60% of what you have worked so hard for?

lol..no one is going to take anything away from me.

that's ignorant to think so.

[twinj]

Nope.

[GTScoob]

Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).

[BobbyFresco]

Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).

Excellent post.

[The Ninja]

$35,000 is more than enough for someone not supporting a family at any age, to life "comfortably".

I wish I were making $35k, at the age of 19, I'd be f*cking ballin.

I'd be ballin if I made $40k when I'm 21.

Making $250k a year is rich. Making $150k a year is rich. Making $100k a year is rich.

[The Ninja]

Sorta lost my train of thought on that post because class ended and I had to relocate, lol. My bad.

[The Ninja]

Are all of you selfish enough to only care about your own personal well-being? Come on, we're not in the wild west now where you have to watch after yourself and your own survival, we're in the 21st century. Domestic realism is dead, the zero-sum game is over at least in all markets except for the international economy. Welcome to the future where we try to help our nation as a whole improve instead of just letting the income gap spread to extremes.

Everywhere else in the world people dont ***** about income redistribution, they accept it because it increases your national prestige and wellbeing and believe it or not helps the economy since lower class citizens have more money to spend on goods and essentials. And they're not the ones sending American dollars to oversee corporations to drive expensive German cars, or buy Italian shoes. You know the easiest way to improve an economy? Balance your trade deficits, import less than you export. Keep american dollars in america and try to convince the rest of the world to invest their money here (although we've got legislation forbidding FDI in several sensitive albeit profitable fields).

Fact of the matter is, America is greedy. The American is overly greedy, often mistake for being ambitious.

Rule of Thumb: The rich mostly care about getting richer/ maintaining their wealth, there are exceptions, but it is more than safe to say that if the government didn't tax "rich" people, then they would divert that money into getting richer. A few of them would donate money, but no where near enough to compensate for those that don't, because even if they do donate, they surely wouldn't donate as much as they were being taxed. If they would donate as much as they were being taxed, then they wouldn't ***** about the tax being imposed on them.

[bigdare23]

Whose talking about RAISING TAXES?

The mccain plan CUTS taxes for MIddle class people and he will KEEP THE bUSH TAX CUTS

This is ALL LIES from Obama. He is only saying this to get elected, there is NO WAY HE CAN SPEND THE 900BILLION he is proposing and CUT taxes at the same time. IT CANNOT HAPPEN especially with the bail out .

Hes going to do EXACTLY what Clinton did, which was promise a middle class tax cut, get into office, then say "we cant do it, and oh by the way im going to increase your taxes"

Clinton did the SAME THING

Never said anyone was going to raise taxes. Just doing a comparison.

[bigdare23]

5+5=10 ....... 5 * 45 = 225....... 225^1/2 = 15...... 10 =/= 15

Just a simple mistake, but you get the point...

[Vteckidd]

Another good post just completely glossed over, exactly why I just sit back and watch the BS rather than engage in mindless banter.

I'll get to it

[alpine_aw11]

IMO, saying all of us that don't make 250k or above shouldn't care about how much they get taxed is like saying those who make 250k+ shouldn't care about how much everyone below their income level gets taxed.

[JConner]

IMO, saying all of us that don't make 250k or above shouldn't care about how much they get taxed is like saying those who make 250k+ shouldn't care about how much everyone below their income level gets taxed.

actually we should....because one day I hope to make that kind of money. Plus those people are the job providers....and plus some of our parents make that kind of money. Why would I want to vote for someone who is going to tax my hopes and dreams, my parents, and my employer?


edit: i think i read your post wrong the first time....but my statement still stands!

[blaknoize]

actually we should....because one day I hope to make that kind of money. Plus those people are the job providers....and plus some of our parents make that kind of money. Why would I want to vote for someone who is going to tax my hopes and dreams, my parents, and my employer?


edit: i think i read your post wrong the first time....but my statement still stands!

Job providers? Since when? I know, as well as u kno , lots of those who make that much are not job providers.

[ironchef]

$35,000 is more than enough for someone not supporting a family at any age, to life "comfortably".

I wish I were making $35k, at the age of 19, I'd be f*cking ballin.

I'd be ballin if I made $40k when I'm 21.

Making $250k a year is rich. Making $150k a year is rich. Making $100k a year is rich.

$35k in this day and age is not that much money. Its only about $27k or so after taxes depending on exemptions and what not.

Lets break it down:
Rent/Mortgage ~ $650 at the minimum x 12 = $7800
Utilities (Including everything) ~ $300 (high estimate) x 12 = $3600
Car/Health Insurance (Obviously going to vary, but for the sake of argument) $300 x 12 = $3600
Average monthly car payment (accord to edmunds.com) $480 x 12 = $5760

That alone totals to $20,760 which leaves you with $6,240 which / 12 = $520/month. Thats all you'll have left for groceries, going out, etc. Not going to put away much into a savings account, IRA, or 401k with that kind of dough and expenses.

When you break it down, making $35k a year is really not much, you definitely wouldn't be ballin', especially with increased inflation and energy costs.

[green91]

I make well over $35k and i am single, and its still hard to live on man. You gotta get closer to $50k as a single person to live remotely comfortable with a mortgage & car pmnt.

[0p7!mu5]

i hear that I make roughly 30-31 with overtime included and its a pain. yes im buying a house but 1. I have roomates, and 2 I do my homework. Honestly comming from both ends of this agument (my family does have money and are well off in most respects) while some of my fam does make that much they arent sewating it any. its not goin to stop my great uncle from payin1000 per fill up for his motor home each time he stops. Yeah we all are goin to lose money but nobody has come up with decent alternatives. I still say the fair tax isnt a bad idea. hell if taxes on food are goin to go up i'd rather have my damn 1300 paycheck to buy food than a 850 paycheck to buy stuff after we get taxed to death. if Im goin to get taxed I may as well have some extra cash and I wont complain.

[SleepingTalon]

I make that...actually, I make more than that, but the end result is the same. Essentially, what happens with me is that I have to figure out another way to try to keep my money (or most of it). Over the years, I've devised ways to do so, but the nature of my business, and the sheer volume I do, helps me to do so. Right now, I (my company, as I'm the COO), does $52 million/year in business, 90% of which is done through LC's I have open in foreign banks, as those foreign countries are the countries of origin for all my products. At any rate, if I take a hit, I pass the hit down the line, that's just how it works. If that means that the commission rate has to go from .03 cents, to .05 cents, then that's what happens, and trust me, it already has. This type of thing is what happens in all forms of business. Nobody wants to get their pocket skimmed without passing the "tax" onto someone else. Ultimately, it follows itself down the chain, but that's just the way it works sometimes.

[-S Double C-]

NEverNufTorq i can vouch for

My family makes over 250K and i will be in the next few years. So yeah im thinking ahead, not today and where i want to be in the next 4 years.



So, thats not the point any rebuttle to my long winded factual post?

What does nevernuftorq do for a living..his ass gave me this petty ass story about losing his house and etccc...and being broke and i had no job at the time and needed the money so i sold a 8 thousand dollar car for 3800 to someone who is "RICH" in my book. Im 20 and come january i will have made about 40k for half maybe a little over half a year and next year i will most certainly clear 60k maybe make around 70k and i consider it living wonderfully. I dont have any debt any worrys and everything i own is pretty much paid for by me. However it's not what i want to do the rest of my life. I work up to 84 hours a week sometimes to make sure production is shipped out on time and it sucks. After a year with my company id like to go to paid college to be an engineer then get promoted and a job starting out at 120k a year...and even then ill be looking for way to better myself. I hate how taxes are set up even now i have 500+ a week coming out of my check and id hate to see what it might be later on if life. I personally dont think anything will ever get better with the economy it will just get worse.

[BobbyFresco]

I make that...actually, I make more than that, but the end result is the same. Essentially, what happens with me is that I have to figure out another way to try to keep my money (or most of it). Over the years, I've devised ways to do so, but the nature of my business, and the sheer volume I do, helps me to do so. Right now, I (my company, as I'm the COO), does $52 million/year in business, 90% of which is done through LC's I have open in foreign banks, as those foreign countries are the countries of origin for all my products. At any rate, if I take a hit, I pass the hit down the line, that's just how it works. If that means that the commission rate has to go from .03 cents, to .05 cents, then that's what happens, and trust me, it already has. This type of thing is what happens in all forms of business. Nobody wants to get their pocket skimmed without passing the "tax" onto someone else. Ultimately, it follows itself down the chain, but that's just the way it works sometimes.

This is exactly why you don't hear of the more affluent Americans freaking out about the raising of taxes when Obama becomes president.

Having grown up in a well to do household and having many friends that have as well, not to mention as an adult and own experiences, if you have money, you know how to hide it, or you find a loophole or what have you. People with real money, the ones who stand to "lose" the most are not worried in the slightest. Ppl talk about how much tax revenue we lose from illegals, if you only knew how mich money we lose from Americans some of you would stfu, from those that don't pay taxes period to those that hide their money well enough where the taxes they do pay don't mean shit.

[SPOOLIN]

Everyone talking about how redistribution is great and works for other places, well move there and take handouts and leave America alone.

[Vteckidd]

This is exactly why you don't hear of the more affluent Americans freaking out about the raising of taxes when Obama becomes president.

Having grown up in a well to do household and having many friends that have as well, not to mention as an adult and own experiences, if you have money, you know how to hide it, or you find a loophole or what have you. People with real money, the ones who stand to "lose" the most are not worried in the slightest. Ppl talk about how much tax revenue we lose from illegals, if you only knew how mich money we lose from Americans some of you would stfu, from those that don't pay taxes period to those that hide their money well enough where the taxes they do pay don't mean shit.

you dont watch the news much.

Did you comprehend what he just said? hes going to pass the cost down the line to YOU the CONSUMER.

Sure the super rich or the people with alot of money arent going to go broke thats not the arguement. The argument is they are going to pass that added cost onto SOMEONE they arent going to merely absorb it.

SO what happens when they raise the price of goods across the board? cut jobs, etc

What good is your tax cut if everything costs more.

[BobbyFresco]

you dont watch the news much.

Did you comprehend what he just said? hes going to pass the cost down the line to YOU the CONSUMER.

Sure the super rich or the people with alot of money arent going to go broke thats not the arguement. The argument is they are going to pass that added cost onto SOMEONE they arent going to merely absorb it.

SO what happens when they raise the price of goods across the board? cut jobs, etc

What good is your tax cut if everything costs more.

Hmmm, ok, let's think about this for a minute.

Jobs are moving overseas. Americans are losing jobs to foreigners making less.
Companies are making money. Getting tax breaks, yet the price of goods is still rising. So you think raising taxes is going to make things worse than they already are? and once AGAIN, where do you propose to money come from to make up for the severe deficit we are in?

[Vteckidd]

Hmmm, ok, let's think about this for a minute.

Jobs are moving overseas. Americans are losing jobs to foreigners making less.
Companies are making money. Getting tax breaks, yet the price of goods is still rising. So you think raising taxes is going to make things worse than they already are? and once AGAIN, where do you propose to money come from to make up for the severe deficit we are in?

prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?

[Alan®]

prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?

again its also a researchable fact that more jobs are lost to automation or advancemnts in technology than jobs being shipped overseas.

[blaknoize]

I make well over $35k and i am single, and its still hard to live on man. You gotta get closer to $50k as a single person to live remotely comfortable with a mortgage & car pmnt.

Well u sir are not living within ur means. If u cant live comfy with roughly 27;30K then u need to stop acting like ur making lots of money.

I'm fine at my 27 some odd a year. I dont OWN stuff I cant afford. My year end free money is roughly 9k. With no car payment, a decent apartment and all my long road trips.

[blaknoize]

prove to me jobs are going overseas, its a nice thing to say, but why is our GDP increasing?

Well if u were here u'd already see. Ohio is losing jobs almost every month. 2 factories near my work has closed. No telling where they went, but they surely arent here.

[BanginJimmy]

Well if u were here u'd already see. Ohio is losing jobs almost every month. 2 factories near my work has closed. No telling where they went, but they surely arent here.

I would guess that more than 95% of those jobs just went away, they didnt move.