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obama's plan IS NOT MANDATORY for health care....FYI!
So hostile.
we've done this before.
It's not just MY taxes that affect my business. It's the raise in taxes on all the companies that supply products, services or equipment I need to run my business. Multiply all those little increases by a couple hundred suppliers and....
yes we have done this before! just consider me SLOW!!!
I REALIZE that other SMALL businesses that you buy from might have this 3% hike over their $250 k net but you would not see this affect on to your purchases unless these companies you buy from make more than the $250k net taxable, and if they do make something like $500k net a year, the 3% hike is for the latter $250k not the initial $250 k so that means these companies really only took a %1.5% increase in overall taxes....$150 bucks on every $10k in net revenues....
your prices of what you buy will NOT go up...imo....but if they do from all those people you buy from, it still will not be that much money....at the MOST it would probably be the $15 buck increase on every $1000 you buy.
If my suppliers pay more to operate, they charge me more, i have to charge more. if I get to the point where my price raises drive customers away, what should I do? reduce my offering of products and services or reduce my operating costs?
Keep in mind that the price raises i put in place are NOT to increase my profit but are just to keep my income in line with operating expenses.
you increase the productivity of your sales force, so that your payroll stays the same while your sales increase, which will more than cover the tiny weenie hike you MAY see....
So your answer to the problem is to hire more people regardless of the fact that new employees will ADD to my operating expenses thus forcing me to raise prices even more?
no, that is not my answer and you avoided answering my question to you on this skull....i asked you if you were in business before the Bush tax cuts came in to affect and if you hired people when you got this tax cut, or did you just increase your own personal income with the tax savings, or did you reinvest the tax savings in to your company?
This is something i try to explain to friends of mine who don't run a business.
Lets say I buy product X at wholesale. i charge double what i pay and you say it's too much of a mark up. but what goes into that mark up.
OK These are some of the costs in ordering and reselling a product let's say a medication
Pay an employee to order the product
Pay for shipping
Pay for an employee to unpack and stock the products making sure that we take expired product off the shelf at the same time
Pay for all DEA and state licenses and the additional insurance required to sell drugs
Pay for an alarm system so people don't steal my drugs
Take into account some product will expire and you make no profit on that
Pay an employee to update the computer inventory
Pay to heat, cool and light the storage space
If the product needs to be refrigerated, pay for that
Pay an employee to locate dispense product for customers
Pay for the containers and labels given to customer
If the medication is administered by injection, pay for syringes and all the related costs of disposing of syringes
Pay to get the trash picked up
etc
I worked for 3 major Corporations in my working career of over 20 years, i am well aware of what expenses a company has and also well aware of Mark up...and a 50% markup on your cost of goods is moderate and not excessive at all....we used a mark up of 56% at my last company and 60% at the company before that....because we were able to produce a great deal of private label goods where we avoided the "branded product's" middle man expense by skipping over them and going directly to the factories to make our products and importing them on our own.
What i am stuck on and do not understand all on is a small business and how they file their taxes...
See it's not as simple as pay a dollar for something and mark it up a little is it?
But it is for government controlled health program, funded by the federal government, at the expense of taxpayers, that can be taken advantage of by non-tax payers... I.E. some are paying for the services of all... I.E. personal responsibility is being alleviated for some and put on the backs of others
This is inherently against the liberties and freedoms set forward to us within our government
But the same taxes effect your competition, yes?
Total rightwing bullshit.
They would be returning to the same tax brackets that they were in under Clinton. We did pretty well then with the jobs.
Since Reagan we have screwed the middle class all over the place. Seeing as how a healthy middle class makes a healthy economy, maybe we need to return to caring about the middle class or the 95% of the frigging population that makes the companies work.
Plus not all those who have money own corporations that supply jobs.
But the same taxes effect your competition, yes?
its called fixed operating expenses.
If i need 60K per month to cover my expenses, including payroll and all the associated taxes and employee benefits, utilities , insurance etc etc tec
If a tax raise reduces my income I have 2 options
1 I raise the cost of my goods and services
2 I reduce my fixed operational expenses
But, I can only raise the costs of my goods and services so much before I start losing customers thereby reducing my income even more.
That is the tipping point where I cannot sustain my business unless I start cutting operational costs. Since payroll is the most expensive item on my budget, guess where i start cutting.
First I cut benefits; I end the 100% health insurance and make employees pay for a higher percentage of their insurance; I stop my matching contribution to their retirement accounts; i cut hours and eventually lay off.
Another monkey wrench is that if doing any of these things violates an employee's contract, i have no choice but to terminate and hire a less expensive employee
Simply hiring more and more people does not constitute a tax write off. To hire an employee you have to run the risk reward numbers and if that employee costs more than any added revenue he may potentially generate, you don't hire.
Why dont we stay on topic and just realize that obama is not fit to run this country. If you vote for obama you are throwing away your rights!!!
If your margins are that tight, you are doing a horrible job of running your business and might need to think about restructuring. In this scenario you were teetering on the brink anyway. You should have built-provisions for things like a tax rate hike, or employees getting married and having kids. These are real-life scenarios that any good business owner stands prepared for.
The same can be said for people who need the wealth to be spread around. If they can't afford the necessities they did a horrible job of managing their finances and should have made provisions for harder times instead of buying TVs and cell phones
yes and if i don't find a way to do better than my competition, what's the point.
It's a symbiotic relationship Ray. Yes we need the middle class, but those middle class jobs are there because the upper class employs them.
How. You just saying they are doesn't make it so.yes ed tax cuts are causing people to lose jobs
If people are ready to accept living in a nation of socialism then yes vote for obama. I just want you to know that socialism will eat away at this country until there is nothing left. Vote obama = Vote socialism
If people are ready to accept living in a nation of socialism then yes vote for obama. I just want you to know that socialism will eat away at this country until there is nothing left. Vote obama = Vote socialism
There is absolutely nothing to substaniate this claim. "Socialism" is something that has been in the closet for years and the McCain campaign decided it would be a doozy for herding sheep like you. They pulled it out, dusted it off, and oh look! There it is! It's made its way into your vocabulary. Wake up sleepy smurf! Obama is a Chicago School Capitalist, with a little Keynesian balance. He'll do the same economic 180 that Clinton did going into office. You should be ashamed of yourself not digging deeper than CAMPAIGN POLITICS.
