Contumacious
Radical Freedom
So as long as youre not a greedy capitalist, youll be fine. !
What your opinion of greedy parasites?
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So as long as youre not a greedy capitalist, youll be fine. !
Don't pay the IRS and they will come to throw you in prison - if you resist, they'll kill you.
No, what is required to increase wages is productivity, and that requires investment in physical plant. Taking $80 billion dollars a year out of the pockets of those most likely to invest may not be the right answer.
So productivity is a bad thing, is that your reasoned, internationally known, C-level opinion? Talk about clueless. I'm done here.
So productivity is a bad thing, is that your reasoned, internationally known, C-level opinion? Talk about clueless. I'm done here.
I feel you man.
Koios is an automaton. At times one might become confused and think him a reasoning person, but he is simply a spambot spewing the nonsense posted on the leftist hate sites like DailyKOS and Democratic Underground. This is why the attempt to elicit a reasoned response always results in a canned mantra. He has no actual grasp of the concepts put forth, just a picklist of responses to certain questions.
I gave up on him as well.
You make a good point. The Commerce Dept deies a small business and it is industry specific. For most sectors the upper lmit is 500 employees. In other areas such a personal service professions any flow-through entity is considered a small business. So all the major law and accounting firms are "small businesses".
My personal opinion is that what most people consider as a small business I would call a microbusiness. This is a sole proprietor, partnership, S corporation, or LLC with ten or fewer employees. It turns out that this accounts for a large share of actual employment growth. I would use the ACA kthreshold of 50 full-time equivalent employees to define the next benchmark "small businesses". To me, anything between 50 and 500 is a medium size business.
According to the IRS data by sector (as I remember it, the publication is at my office) the average fast food restuarant clears about $80k a year. I've seen a few attorneys who have a couple of employees who cear $250k a year or so, but no one in manufacturing, retailing, or service industries on that scale mak that kind of money.
You make a good point. The Commerce Dept deies a small business and it is industry specific. For most sectors the upper lmit is 500 employees. In other areas such a personal service professions any flow-through entity is considered a small business. So all the major law and accounting firms are "small businesses".
My personal opinion is that what most people consider as a small business I would call a microbusiness. This is a sole proprietor, partnership, S corporation, or LLC with ten or fewer employees. It turns out that this accounts for a large share of actual employment growth. I would use the ACA kthreshold of 50 full-time equivalent employees to define the next benchmark "small businesses". To me, anything between 50 and 500 is a medium size business.
According to the IRS data by sector (as I remember it, the publication is at my office) the average fast food restuarant clears about $80k a year. I've seen a few attorneys who have a couple of employees who cear $250k a year or so, but no one in manufacturing, retailing, or service industries on that scale mak that kind of money.
Define what you mean by "clears?"
Just like Koios, you appear to lack a grasp of what margins are. If you think the gross sales of the neighborhood McDonalds is $80K, then you are sorely mistaken. I have a family friend (couple) who own a McDonalds franchise that is duel located, in the parking lot of a Walmart and also in the store - it's the same operation but serves both inside and outside.
They did just shy of $4 million in sales last year, it's a booming operation serving about 300,000 orders a year.
They "clear," nothing - not a dime. But they each draw a good salary. McDonalds has a pretty aggressive franchise structure, the loan for the building, all food and materials, including the software used on the POS system, come from McDonalds. Any excess simply goes to debt service, which is smart as eventually they will own the building. Basically, they work for the salary they draw and the promise that someday they can build owners equity.
What this is, is the "American dream," but the pre-Obama dream. What Obama and the left are doing is trying to stop this, to halt the move of Americans from working class to the upper-middle and upper brackets. This tax is designed to pull the ladder up and stop upward mobility by the usurpers of the middle class. Obama and the democrats are making a strong push to force the middle back toward poverty. The left is engaging in a full blown assault on the middle class - or Bourgeoisie, as the left terms the middle class.
That's a little melodramatic.
Not paying your federal income tax subjects you to civil penalties, but not jail time.
Jail time requires an overt act, like lying to an IRS agent, forging documents, threatening an IRS agent, or physically interfering with the collections process.
And of course the IRS can seize assets and income. About the only way you could get killed is if you were interfering with a CID agent and started a gunfight. But that's a risk with dealing with any law enforcement.
Besides, remember that they are only really after your money.
That would sound scary if the US economy was not already flooded with tons of capital that is sitting idle, because of lack of investment opportunities.
OMG! How will I cope? Pills, therapy... Both?!
Actually it's you who has a problem grasping, specifically, reading comprehension.
Clears $80 grand was shorthand for profit taken out, which of course is not all taxable, since adjusted gross is less, always.
But it was a quick "for example."
As to margins (pricing and not profit margins after expenses) I went into some details on how I price the product my company sells. If by chance it went over your comprehension level, simply ask. Assuming is making you seem foolish.
FWIW
Actually it's you who has a problem grasping, specifically, reading comprehension.
Clears $80 grand was shorthand for profit taken out, which of course is not all taxable, since adjusted gross is less, always.
But it was a quick "for example."
As to margins (pricing and not profit margins after expenses) I went into some details on how I price the product my company sells. If by chance it went over your comprehension level, simply ask. Assuming is making you seem foolish.
FWIW
Ah, you're dishonest. Of course you are, you're a leftist.
I acknowledged that your pricing example of mitigating factors was reasonable, and even played on it to give further examples of why your calculations of margins were not reasonable. You were right that market conditions have an impact on price as do a myriad of factors.
Many small businesses deliberately have a net, after tax and depreciation profit of zero.
Shit. How will I get the cork back into my champagne?
Seems celebrating being ignored by you was a smidge premature.
Shit. How will I get the cork back into my champagne?
Start by pulling it out of your ass.
Seems celebrating being ignored by you was a smidge premature.
I don't put anyone on ignore.
I "gave up" on you offering a rational discussion.