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  1. #41
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    Any one person who posts here, who works a job, any real job, contributes infinitely more to america than a non-person
    corporation does.
    Right, Jim, you contribute infinitely more to America than FedEx. I'll just call you for Monday's pickup.

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    Quote Originally Posted by EmanuelGoldstein View Post
    Got some numbers on that...So, I dunno, but that smaller demographic claim rings a bit false ...
    Most of the time your own pronouncements ring so false you might as well be a plant from a hostile government.

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    Quote Originally Posted by Oldwrench View Post
    Most of the time your own pronouncements ring so false you might as well be a plant from a hostile government.
    Well that certainly answers the question ! Obviously, in a country with 350 million people, there will be fewer people working than in a country of 180 million ! Why didn't I see that ?

    Quote Originally Posted by Alloy Mcgraw View Post
    You have no appreciation for the people who have made your world what it is....Or what they have sacrificed to make it possible.
    Oh right, I forgot ! Jamie Dimon and Lloyd Blankfein, there's some big sacrifices, d00d ! I should cry myself to sleep every night over their boundless philanthropy !

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    Most seem to object to paying too much tax and some don't like paying tax for something they don't need or use.

    I can't imagine this happening but what if the only tax was on what you buy? A kind of VAT on everything. Those that want expensive pay more tax than those that don't or can't afford to buy expensive. Those that don't have much money probably end up paying more in taxes (a higher percentage) than those that do have money.

    If you don't buy or use anything you don't pay tax.

  7. #45
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    Quote Originally Posted by Gordon B. Clarke View Post
    Most seem to object to paying too much tax and some don't like paying tax for something they don't need or use.

    I can't imagine this happening but what if the only tax was on what you buy? A kind of VAT on everything. Those that want expensive pay more tax than those that don't or can't afford to buy expensive. Those that don't have much money probably end up paying more in taxes (a higher percentage) than those that do have money.

    If you don't buy or use anything you don't pay tax.
    I like to call these "consumption" taxes. I am in favor of them. If we all pay a flat income tax of like 15-20 percent and then are taxed on things we buy that arent food or clothing I think it would be pretty fair amongst all income brackets. I dont think we will ever see this kind of system.

    I live on the MA/NH border. In NH you havew no income tax at the state level. No sales tax. Property taxes are a little higher than in MA but are spent in 4 categories, Police, Fire, Education, and Local administrative. They are mostly divided into even amounts (25% for each) but depending on the counties population it can swing a few percentage points either way.

    I like that system although I live in MA I havent had to live by these other than shopping and not paying sales tax at Walmart or Home Depot

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  9. #46
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    I can't speak for anyone else but I don't object to the taxes as much as to the rotten service we get for them (Post Office excluded, they seem to do pretty good.)

    If they used the money in an intelligent manner it would be a lot better.

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    sounds like you need to find another accountant if he/she isn't helping you from the git go and earn your business i'd hop ship without blinking an eye.....why are you having to bring all this stuff up to the guy that is suppose to bring it all to the table? there is A LOT a good accountant can do to help out your lively hood and business. might make sense to start looking around and find a good accountant that understands mfg and your business.

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    Quote Originally Posted by DanASM View Post
    I like to call these "consumption" taxes. I am in favor of them. If we all pay a flat income tax of like 15-20 percent and then are taxed on things we buy that arent food or clothing I think it would be pretty fair amongst all income brackets. I dont think we will ever see this kind of system.

    I live on the MA/NH border. In NH you havew no income tax at the state level. No sales tax. Property taxes are a little higher than in MA but are spent in 4 categories, Police, Fire, Education, and Local administrative. They are mostly divided into even amounts (25% for each) but depending on the counties population it can swing a few percentage points either way.

    I like that system although I live in MA I havent had to live by these other than shopping and not paying sales tax at Walmart or Home Depot
    Germany has 2 VAT taxes. The reduced VAT rate is 7 %, the standard VAT rate is 19 %.

    The reduced VAT rate (7 %): Water supplies, medical equipment for disabled persons, local public transport, books, newspapers, periodicals, writers/composers etc., agricultural inputs, hotel accommodation, social services, firewood, take away, cut flowers and plants etc.

    What isn't mentioned is that beer, wine and chocolate is included in the 7% and I'm less than 1 hour from the border

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    Quote Originally Posted by EmanuelGoldstein View Post
    Oh right, I forgot ! Jamie Dimon and Lloyd Blankfein, there's some big sacrifices, d00d ! I should cry myself to sleep every night over their boundless philanthropy !
    You somehow think those two assholes are typical and representative of small, medium, and large business owners generally? Ever known anyone that owns a business? We may have to put you in the Jim Rosen category. What with the disappearance of gmatov, jdj, old squier and the more recent exit of miguels244 there's not many left to hold up the wack job nut case end of things.

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    Quote Originally Posted by Gordon B. Clarke View Post
    Most seem to object to paying too much tax and some don't like paying tax for something they don't need or use.

    I can't imagine this happening but what if the only tax was on what you buy? A kind of VAT on everything. Those that want expensive pay more tax than those that don't or can't afford to buy expensive. Those that don't have much money probably end up paying more in taxes (a higher percentage) than those that do have money.

    If you don't buy or use anything you don't pay tax.
    Well... I don't pay 'state' taxes in FL,and there are a few other states with "no taxes"..

    (just leaving this here for the fishieis...)

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    Smile Trust Or LLC

    Quote Originally Posted by Prototypical View Post
    I'm a one man shop. I also have a side online business. I pay my daughter to manage my online business (just basically packing and shipping stuff) while I handle all the shop business.

    I'm paying between $1500 - $1800 a month in taxes. But at the end of the year I'll have to put out another $15 - 17K for federal.

    I am an S corp.

    I feel like something isn't quite right or there is something that I could be doing better. I did buy another machine this year. My accountant isn't much help either.

    I'm curious how other small shops handle these things if you don't mind sharing.
    You are paying way to much.
    Get rid of your accountant.
    Start a partnership with your daughter, Trust ( preferred ) or LLC. That will make you exempt from payroll tax.
    Get rid of your S Corp.It is causing you higher taxes, and additional paperwork.
    Keep track of all your business expenses, make your daughter your book keeper if you are incapable.
    You will deduct all your expenses at the end of the year under the Trust or LLC ( Form 1065 ) and then the remaining will be "passed through" to you and your daughter VIA Form 1065 for your taxes.
    At the end of the year, by the time I get done with my 1065, it shows I made nothing.
    I own a 2 shops,3 homes, a ranch, and a fleet of tow trucks. I started with nothing.
    I've been audited twice and came away both times with "no change" to my taxes.
    I have multiple Trusts and 1 LLC. I've never hired an attorney.
    I do my own book keeping and taxes, always have, since I was 14, didn't bother going to high school. Straight to work.
    Remember rule of thumb " Sole Proprietor " is always best if you have to account for all of the gross income. i.e. no one else works with you.

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  18. #52
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    Quote Originally Posted by Mike1974 View Post
    Well... I don't pay 'state' taxes in FL,and there are a few other states with "no taxes"..
    But you still pay taxes, right?

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    Quote Originally Posted by Mike1974 View Post
    Well... I don't pay 'state' taxes in FL,and there are a few other states with "no taxes"..

    (just leaving this here for the fishieis...)
    Looks like that worked.^^^^^^^^^^^^^^^^^^^^^^^

    (congrats on thinking things thru on the taxes front)

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    Quote Originally Posted by adh2000 View Post
    You somehow think those two assholes are typical and representative of small, medium, and large business owners generally?
    I don't think, I know that these people are representative of the group who writes the US tax code and owns the legal system.

    You need proof ? Research 2006 - 2010. Look up Ben Bernanke. I could name a dozen more in this group, and they all walked after the biggest fraud in US history. Not only walked, but Hillary & Co embrace them in public. At least Trump keeps his fawning private.

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    Quote Originally Posted by Mike1974 View Post
    Well... I don't pay 'state' taxes in FL,and there are a few other states with "no taxes"..
    I knew some states had different sales tax but didn't know how much it could vary from state to state. Enough for anyone to change state?

    Sales taxes in the United States - Wikipedia

    state_sales_tax_rates.jpg

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    Not so much relevant but well worth 3 minutes.

    YouTube

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    I knew some states had different sales tax but didn't know how much it could vary from state to state.
    Funny that.

    And yet, you still come here and lecture us dolts in 'Merica about the enlightened taxation system you have in Denmark.

    Maybe a few more minutes spent researching and a few less you-tubing would save the rest of us from rambling socialist postings.

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    Quote Originally Posted by Gordon B. Clarke View Post
    No doubt about it, healthcare costs rise around the world. I wish one day someone would give me a logical explanation as to why the USA is so opposed to tax financed healthcare compared to health insurance?

    Countries with tax financed healthcare (partially or fully) also have many that take out insurance but mostly for the same reason as some have expensive cars and houses and some don't. They can afford it to pay for "extra". Why wait in a queue for non life threatening treatment if you have the money?

    Of course I have insurance for many things all of which I pay to just to make sure if the worst comes to the worst I don't go broke or similar. Healthcare is in a whole other league.

    List of countries by total health expenditure per capita - Wikipedia
    As you repeat ad nauseum. I for one am tired of your endless harping about our health care system. It does not affect you in any way shape or form so SHUT THE FU*K UP!!!

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  27. #59
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    Quote Originally Posted by moonlight machine View Post
    As you repeat ad nauseum. I for one am tired of your endless harping about our health care system. It does not affect you in any way shape or form so SHUT THE FU*K UP!!!
    You sound as if you have heard this before. I have ten fingers,would that be enough to count how many times or do I need my toes as well.

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    Quote Originally Posted by Oldwrench View Post
    Most of the time your own pronouncements ring so false you might as well be a plant from a hostile government.
    I also had heard this "unsustainable smaller demographic supporting yesterday's workers" so many times that I sort of took it for granted. But The Day of the Dolphin which I finally got around to reading mentioned that the population in 67 was about 180 million. Oh. Wait.

    So go here :

    US Labor Force Participation Rate by Year

    (yes it's government statistics so take it with a grain of salt but ...)


    1967, population 180 million, let's use 60% participation from the table (actually 59%) = 108,000,000 contributors

    2019 population of 320 million (I am misunderestimating on purpose) times participation rate of 60% (also low) = 192,000,000 payers

    192,000,000 > 108,000,000 by more than a few

    This is very rough because the "workforce" figures also include the unemployed, but a quick look shows the unemployment rate the same or less in 2019 than 1967 and the 'participation' figures include both equally so what the heck. A better search would yield better figures but imnsho, the claim is crap. There's about eighty-five million more people paying in now than there was in the mid-sixties. That's an odd definition of smaller, to me.

    What was that Goebbels said about lies ? Not you, Wrench, just in general. Until I fell across the pop figures for the mid-sixties this never occurred to me either.


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