There goes your job ....

[gunfyter]

Additionally I would emphasize tax revenues INCREASED when the rates were cut.

Why?

Because the rich could afford private jets ... which meant Fractionals made money and paid corporate taxes ... they hired pilots who paid income taxes ... they bought airplanes from OEMs who paid corporate taxes ... they bought fuel and services from FBOs caterers LIMO companies and on and on who paid corporate taxes ... Look at all that tax revenue generated by giving tax cuts to the rich ...

Now with these increases ... the process will reverse ... no tax revenues will generate ... but unemployment and bailouts spending will result ....

 

[BoeingBaller]

When I get taxed more or have a unforeseen circumstance cost me money at the small business I run it motivates me to get creative and make more money. So it may not be as bad as everyone thinks.

 

[ned plimpton]

When I get taxed more or have a unforeseen circumstance cost me money at the small business I run it motivates me to get creative and make more money. So it may not be as bad as everyone thinks.

Let me guess..... You get "creative" and find a way to pass this cost on to your customer through higher prices. Or you cut back on one of your vendors or suppliers and their business is affected negatively. Or you sacrifice quality. Or your employees work harder for the same wage.

How exactly is this "not as bad as everyone thinks"????

Or if you somehow innovated and found a way to increase revenue without sacrificing any of the things I mentioned.... and you sit down to balance the budget at the end of the year and then REALIZE how much you could have made without the added tax.... how does that make you feel? Do you think you would have spent any of that "extra" money that went to taxes?

If so, I'm sure that the person who owns the business you would have spent it at would have been very thankful for some added revenue to help off-set the cost of those new taxes he couldn't find a "creative" way to get around!

 

[jonjuan]

When I get taxed more or have a unforeseen circumstance cost me money at the small business I run it motivates me to get creative and make more money. So it may not be as bad as everyone thinks.

Imagine how motivated you would be if your company tax rate jumped to 70%+.

 

[gunfyter]

When I get taxed more or have a unforeseen circumstance cost me money at the small business I run it motivates me to get creative and make more money. So it may not be as bad as everyone thinks.

Yes ... a lot of fractional owners got motivated to cash in their shares of jets, downgrade airplanes, or cut back on their flying!

It all means one thing ... "there goes your job!"

 

[CopilotDoug]

Hi!
Toyota was recently deciding between Tucson and Ontario for a new plant. They went with Ontario, because individuals pay more taxes in Ontario than in Tucson. Since Canada has Universal Health Care, Toyota wouldn't have to pay health care costs for their employees.

So you want more jobs which, due to taxes, pay less?

 

[CopilotDoug]

I respectfully disagree. Less tax revenue from the rich means somebody else would have to shoulder the load. Namely, You and I, and the rest of the middle class. If you recall, RTS said that during his interview with CNBC: the owner's leisure travel has not dropped much, it is the business travel that dropped because of the recession.

While the housing and financial sector started this recession, but it is primarily sustained because of less spending from the middle class. If the middle class has to continue to shoulder the extra loads in tax obligations that the rich is avoiding, than the middle class' spending will continue to be depressed. So it'd prolong this recession and the fractional (business traveler's) recovery and future growth.

This contradicts your position...we're being held back because of less spending by the middle class. Yet you're supporting a measure which keeps money from reaching the open market (Taxes)

More Taxes= Less Spending= Stagnant Economy

 

[gunfyter]

So you want more jobs which, due to taxes, pay less?

Canada is lowering their Corporate Tax rate to 15% ... The US rate is 35%.

Which do you think costs more?

Health care for employees ... or the 20% more in tax the US charges Toyota than Canada does?

Companies are moving to Canada because of the lower Corporate tax rates ....


BTW ... The Fair Tax reduces corporate taxes to ZERO. Companies will be moving from Canada to the US ... and the jobs will come here with them....

 

[BoeingBaller]

Let me guess..... You get "creative" and find a way to pass this cost on to your customer through higher prices. Or you cut back on one of your vendors or suppliers and their business is affected negatively. Or you sacrifice quality. Or your employees work harder for the same wage.

How exactly is this "not as bad as everyone thinks"????

Or if you somehow innovated and found a way to increase revenue without sacrificing any of the things I mentioned.... and you sit down to balance the budget at the end of the year and then REALIZE how much you could have made without the added tax.... how does that make you feel? Do you think you would have spent any of that "extra" money that went to taxes?

If so, I'm sure that the person who owns the business you would have spent it at would have been very thankful for some added revenue to help off-set the cost of those new taxes he couldn't find a "creative" way to get around!

If you must know last time I had a unforeseen circumstance take me under a little I fought back by adding 2 more commission only sales guys to increase sales for the company. The result was good the only down side was more of a headache of me trying to balance a overseas flying job while running a business back in the US. The point of my original post before was there will always be change and you will have to find ways to move on and deal with it. Or you can go right to the worst possible scenario right away and assume your job is going to go away that will always help. It is what it is and most owners will overcome it without a lifestyle change.

 

[johnsonrod]

Higher taxes = fewer jobs created and more global outsourcing. If I were a small business owner, why would I want to create new jobs to capture growth opportunities if I were on the hook for both a higher minimum wage (imposed during a recession?) and upcoming escalated healthcare costs when I could just get some cheap dude in India with a PhD to do the work for far less??? Ask yourself that question.

Big point: Obama is a SOCIALIST and anyone who voted for him is complicit. Sure, McCain/Palin was not a good choice either but slick Barack was able to convince voters he was not going to make some of these draconian changes. Evidently he now claims he has had a "change of heart based on new information." Yeah, right... That's called BAIT AND SWITCH.

The huge debt load we will be incurring will haunt our children and grandchildren for decades. Think about that next time you go to the polls. Socialism is counter to American ideals and anyone who voted for Obama is now partially responsible.

By the way, did you know that Barack's real first name is "Barry" and that he officially changed it to Barack years ago? No joke.