How will you protect your assets under Obama?

Discussion in 'Economy' started by NOBama, Oct 27, 2008.

  1. NOBama
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    NOBama Senior Member

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    It’s probably safe to say that the people holding the majority of the marbles already have them protected in whichever tax shelters best protect those assets from the greedy little paws of Uncle Sam. However, with the bar of wealth being lowered to 200K$ under an Obama administration it’s obvious that a lot more people are going to be exposed to Obama’s scalpel.

    Naturally, those of us running small businesses who will be impacted by the Robin Hood tax are simply going to raise the price of goods and services to offset the tax increase.

    The problem is going to be for those who are slightly over new bar or about cross that threshold and enter into Sherwood Forest.

    So, my question is: What kind of tax shelter(s) would you be looking at if you were about to become a victim of Robin Hood and his merry men?
     
  2. GigiBowman
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    GigiBowman Active Member

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    I'm going to buy a King Size Mattress before November 4th lol
     
  3. Ravi
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    Ravi Diamond Member

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    You have a personal income from your business of over $250,000? How nice for you. If you don't you need not worry. If you do, instead of taking business profit as personal income, hire an additional employee, buy some more equipment, or buy some business property.
     
  4. Silence
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    Silence wanna lick?

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    :lol: you people are pathetic!

    Why don't you look into moving out of the United States if you're so worried about an Obama presidency!!??
     
  5. Ravi
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    Ravi Diamond Member

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    I hear Canada is conservative now.

    :eusa_whistle:
     
  6. NOBama
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    NOBama Senior Member

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    Patriot Act :eek:
     
  7. GigiBowman
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    GigiBowman Active Member

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    Yeah, well I got one of these! lol

    [ame=http://www.youtube.com/watch?v=LsV50T5uEyw]YouTube - The New BackUp Commercial[/ame]
     
  8. glockmail
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    glockmail BANNED

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    I'm predicting massive inflation under Carter II, along with fuel shortages, etc.

    I'll be converting my SUV over to CNG, converting mutual funds to Euros and gold, and buying lots of bullets and vegetable seeds.
     
  9. editec
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    editec Mr. Forgot-it-All

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    It astounds me that people here are making over $250K a year running businesses can find the time to post on boards like these.

    When I was running a business that didn't even GROSS that amount of money I was too damned busy to waste time on something like this.

    Nobama, you claim that your grossing more than $250K in PROFIT every year in your business?

    Is that what you're claiming?
     
  10. Ravi
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    Ravi Diamond Member

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    No, he's claiming he takes a personal income of over $250,000 every year from his business.
     

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