I don't believe you. I have never known a business owner that trivializes the cost of being in business like you do. And I've known a lot of owners, and been in business for a lot of years.
I needed TWO business licenses- one from the State and one from the City.
I needed 6 separate insurances. 4 were separate policies and two were taxes- CGL, Workman's Comp, Commercial Auto, State UI, Federal UI, and health insurance for my employees. If you own the building (I didn't) you have to carry insurance for that too.
I paid 7.65% of my total payroll, plus 15.3% of my own income in FICA taxes. (You have 48 hours after payday to make the payment before you start incurring stiff penalties).
I paid personal property taxes on every piece of equipment I used in my business.
I paid Federal, State and Municipal income taxes, plus a transit tax that was based on income. The combined income tax was over 50% of my income if I earned a median income in a given year.
I paid commercial rates for utilities, which are much higher than residential rates.
I always maintained a safe workplace because I knew I was the one who would be sued if anyone ever got injured.
I was subject to spot inspections at anytime, and if anything was out of order I would be hit with a stiff fine. That includes things like making sure your fire extinguishers are up to date, and because I was a manufacturer there were all kinds of additional compliance requirements I had to be on top of at all times. Air nozzles, flammables like paints and solvents correctly stored, proper guards on the machines, etc.
The posters are nothing- you can print them out from the State Dept of Labor websites.
I also had to pay an accountant to do my taxes, and I had to pay for annual software updates to do my own payroll.
If I needed to block the street to bring in a piece of equipment I had to get a permit for that, and put people on each end to direct traffic.
I retired in 2022, and I have an 8x10 storage unit to hold the business records that I can't even get rid of until 7 years pass...
The real list is endless- your little B.S. list tells me you never ran a real business with employees in your life...
I agree and you have bragged about owning and operating 2 businesses. None of them mortgage businesses. You want to insult so bad that nobody can reason with you.
We saw it coming. My colleague Scott Lilly and I pointed out in 2004 that the economic trends that ailed the economy and led to the sharp rise in household debt were unsustainable.
Take a look at the county results in the election. The entire Country is solid red except for a couple of blue dots. Combine it with the landslide electoral results and it's a solid mandate.
Take a look at the county results in the election. The entire Country is solid red except for a couple of blue dots. Combine it with the landslide electoral results and it's a solid mandate.
What did you do to keep from going broke? Bush went to congress 8 times to get the system corrected. Democrats told Bush things were wonderful. Then it crashed. Not Bush's fault.
What did I do? Well, I kept paying my mortgage. I severely economized. For a while, I took on a second job and started a small resume-writing business that brought in extra income. I made a concerted effort to eliminate my credit card debt and never use credit cards again.
Bush had plenty of regulatory tools to keep it going, and he controlled Congress six of those 8 years.
Well, we don't put the Repukes in charge, they'll just fuck it up. Then they'll say, "Man, I hate those trannies!" and your dumb ass will go right along with it.
Out of the multitude of loans my firm did, Lehman was used perhaps 2 times in all. The entire market shot down, not merely subprimes. The Democrats in congress refused to take action though Bush was on their ass for several years.
I agree and you have bragged about owning and operating 2 businesses. None of them mortgage businesses. You want to insult so bad that nobody can reason with you.
Well, we don't put the Repukes in charge, they'll just fuck it up. Then they'll say, "Man, I hate those trannies!" and your dumb ass will go right along with it.
So for all those claiming Trump has a mandate... let's look at that.
Trump got 49.9% of the vote in an election where 37% of the electorate didn't vote at all.
Now, let's look at some other presidents who had supposed "Mandates" for their second terms. We'll only limit ourselves to guys who got second terms. This is an expansion on my point about how no presidents really have good second terms. I will include presidents who won re-election after getting the job because the last guy died.
Obama- won 51.1% of the vote. Not considered a mandate by Republicans, who won the Senate in the Next midterm
Dubya Bush - Won 50.7% of the vote. Lost both houses of Congress in the next midterm.
Clinton - Won 49.2% of the vote in a three way race. Got impeached in his second term.
Reagan - Won 58.8% of the vote and 49 States- Still lost the senate in his midterm, and was mired in the Iran Contra Scandal.
Nixon - Won a whopping 60.7% of the vote and 49%. Was forced to resign BEFORE the next midterm due to Watergate.
Johnson* - Won 61.1% of the vote and 44 states. Vietnam and the various riots, he couldn't even show his face in 1968
Eisenhower - Ike- Won 57.4% of the vote. His second term wasn't bad, just kind of unremarkable. Democrats took 15 senate seats and 39 House seats in the midterm.
Truman* - Won 49.6% of the vote in a four way race. Second term he lost both houses of Congress and got us mired in a war in Korea.
FDR - Won 60.8% - he still lost ground to the GOP in the midterm and the economic recovery sputters.
Coolidge* - Won 54% Didn't do jack diddly. After he left, the roof fell in.
Wilson- Won 49.2% of the vote. Got us into WWI after promising to keep us out. Republicans took the House and Senate in 1918.
* Got to put an asterisk on this one, because he was filling out someone else
So here's the thing. All these guys claimed to have a mandate, but it didn't turn out that way for most of them.
I like it that when I go to work, the company is looking out for my safety.
I like it that they are not letting dangerous chemicals sit out in the open.
No, you also have to register your business entities with the Secretary of State, and renew them annually, and you need a FEIN to open a business bank account and pay your payroll taxes. And you need the State EIN to pay your unemployment insurance.
If you are in a State with a sales tax, you need a tax ID for resale items, and also to remit the sales taxes you collect.
Because if you are a business, you are also a tax collector. Here is your State:
General information about sales taxes in Illinois - taxation, rates, exempt/exemption, forms, general requirements, registration, retailers, resellers
tax.illinois.gov
A real business cannot get by with just one insurance- if you have employees, you need at least 5 different insurances as I already shown.
I have been in business way to long to not recognize when someone is blowing smoke up my ass. The labor law poster was the giveaway. No business owner would even think of including that when they talk about what it costs to run a business. I don't think I ever had a single conversation in 40 years of running businesses about the silly labor law poster.
It's something only an employee would think of, because it's on the wall in every breakroom in every business, and all you employees have a caricature view of what it takes to run a business.
I was workplace inspected (WISHA) 3 times in 4 decades, not counting the fire marshall and the air compressor inspections that are on annual or bi-annual schedules. I had an annual inspection for my CGL insurance, which was mostly a policy review to make sure my equipment was properly covered. I did not have a single OR-OSHA inspection in 17 years, but I knew I was always subject to one, and I operated accordingly.
I had happy employees because I genuinely cared for them. That's all it really takes, and they know it when you do. I never had an employee ever make a safety complaint about any shop I owned or ran. If anything, they thought I was too strict about workplace safety.
Not a fiction, an established fact. The banks and real estate industry knew they were making bad loans to people who couldn't afford them, kept doing it, Set aside for a second that Bush's SEC, FDIC, and FSLIC weren't doing their jobs, even with the still fairly recent example of the S&L Crisis in 1990. (The one where Bush's Daddy had to raise taxes to save the S&L's)
Harris pushed for RESPONSIBLE home ownership. Again, it wasn't really poor people buying homes that was the problem here. It was middle class people buying McMansions they didn't need, and couldn't afford, on the hope to flip them in a few years.
Bush had Republican congresses from 2001 to 2007. The idea that he couldn't get a law passed if he wanted to is silly. He had no problem getting tax cuts for the rich and a war with Iraq through congress based on lies.
I think I've got a pretty good bead on it. Republicans fucked up the economy, because that's what they do.
That's why 10 of the last 11 recessions happened when Republicans were in charge. (The only exception being the 1980 recession that happened on Carter's watch.)
I mean, really, really fucking stupid. Like generations of inbreeding stupid.
Most Rural Counties would be even poorer if it weren't for government subsidies. Yet they keep voting in Republicans and wonder why they are still poor.
Nope, I have a home business and then I have a business which is a shop, which is really my wife's business, but I do all the paperwork and handle all the administrative shit like licenses and taxes.
I agree, they have a function to perform, and I'd have no problem if there was an effort to make the government more efficient. Republicans talks smack about that every time they run, and really, not much seems to happen.
But given how often you've bragged about sucking off the government teet in your life, I think you are the last one to complain.