Taxes-how many are self employed?

Discussion in 'Politics' started by Gadawg73, May 14, 2010.

  1. Gadawg73
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    Gadawg73 Gold Member

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    How many are self employed and have their life savings at risk daily running their businesses?
    How much do you have at risk in your business?
    I have $500,000.00 in savings invested in one of my businesses and $300,000.00 in another. This represents 95% of my life savings and I am 55. Add in another $225,000.00 in loans and I have over a million bucks AT RISK.
    I will explain the tax implications later and how they dramatically affect the lifeblood of this country, the small business person.
     
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  2. The Rabbi
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    The Rabbi Diamond Member

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    You are obviously "wealthy" and your wealth needs to be redistributed and spread around. Fortunately Obama is going to help you with that. On the bright side you won't have to worry about putting gas in your car no more or making your mortgage payment.
     
  3. Gadawg73
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    Gadawg73 Gold Member

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    LOL.:clap2::lol:
    I like your sarcasm and wit Rabbi but unfortunately you are correct in your analysis of the left's position.
    Fiscal irresponsibility in government drains the resources of capital from the small business person.
    Thanks for the quick witted response. You are correct.
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Got a link to where Obama plans to confiscate wealth and redistribute it?
     
  5. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    I retired from Boots-n-Coots International Well Control, began a second career with an engineering/construction firm (where I currently work) I'm invested in two private businesses, I own a cattle ranch (more of a hobby than anything) and my taxes are outragious (just under 70,000 for '09). I wouldn't mind it so bad if everyone paid their share. But seeing these generational welfare families and illegal aliens reaping the benefits of my hard work really pisses me off.
     
  6. Ravi
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    Ravi Diamond Member

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    No offense, but that is a stupid way to run a business.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    And how exactly were you able to determine this from the information given?
     
  8. Big Black Dog
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    Big Black Dog Gold Member Supporting Member

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    Being a person with all of that money, I guess it stands to reason that you don't have a wife that likes to shop at Wal-Mart. If you did, your bankroll would be somewhat smaller. I used to have a pretty good bank account but now I have a much smaller bank account and one of everything that Wal-Mart sells.
     
  9. Mr Clean
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    Mr Clean Gold Member

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    Business owners get a hell of a lot more deductions and write-offs than W-2 people.

    So quit yer bitchin'.
     
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    Last edited: May 14, 2010
  10. Ravi
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    Ravi Diamond Member

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    If you have your life savings all tied up in your business it isn't a business, it's a hobby.
     

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