The election may be over but...

Procomp cylinder heads for every racer.....

cool40 wrote:i wish i could pay taxes on $251,000........................

I can't even imagine what that would like, I sure would like to be able to though

Taxes are not the problem , it's the spending.

If everyone on here that were sharing different views knew where every dollar was spent, and how it was spent, we all would probably band together and physically remove 80% of them from both party's.

When your country is thriving you can spend on things not necessary just like you do in your own life, but when your money is tight and things get ruff most of us cut out all the spending , tighten our belt and ride out the storm. And even as things get better we still tend to be careful about spending until we feel safe again.

Not so with our geniuses we have elected, they are consumed with infighting with each other and trying to screw one another that we the people and the country end up being the ones that suffer.

IDT-572 wrote:Taxes are not the problem , it's the spending.

If everyone on here that were sharing different views knew where every dollar was spent, and how it was spent, we all would probably band together and physically remove 80% of them from both party's.

When your country is thriving you can spend on things not necessary just like you do in your own life, but when your money is tight and things get ruff most of us cut out all the spending , tighten our belt and ride out the storm. And even as things get better we still tend to be careful about spending until we feel safe again.

Not so with our geniuses we have elected, they are consumed with infighting with each other and trying to screw one another that we the people and the country end up being the ones that suffer.

That's exactly what I said in my post. Right on brother. Cut the spending on the crap and get it in line with the income.

Lem Evans wrote:

bigblok2000ranger wrote:I was talking with a long time customer yesterday who had to cut our services due to losing her job of 28 years when Mitt Romney bought controlling interest in the company she worked for then promptly sold the jobs overseas! 1500 people out of work!

--------------------------------------------------------------------------------


" full time job that sometimes I work 50-60 hours at and do not have time to get on here every night. "

Quote 2000 ranger.........from 460 ford.com

Seems you got alot of time to be here and talk about things you know little about.

you saying his post is not a fact ?

EVERY night . thats 365 nights per year 364 doesnt make every

GT300TD wrote: From what I've been hearing for about three years now is the tax raises that have been discussed will effect those making OVER $250,000 a year. If this IS NOT agreed on by the party that 'rules' the House by Dec 31 (and that's what they are saying) then people that make UNDER $250,000 a year will HAVE TO pay more. I can't understand why some people can not understand this??? If the party that 'rules' the House would quit being so stubborn and pigheaded, people that make UNDER $250,000 a year won't be effected. OUR President wants to let the bush tax cuts run out on those making OVER $250,000 a year and let the bush tax cut stay in effect for those making UNDER $250,000 a year! How is this so hard to understand???
Maybe the fox news network is not explaining this well enough?

Do you own a business? That 250K is not jack. My income on paper is way above $250K but by the time I pay all my employees and benefitsa for them, along with business expenses, then I get taxed 41% and then I get taxed 15% for self employment tax. So I am already pay over 50% in tax as it is and the president wants to tax me more? I am middle class when all is said and done, as a matter of fact lower middle class.

In addition, the presidents proposal is going to cut out your mortgage expense deductions, along with with charitable gifts deduction. I dont know about you, but most people pay a pretty good lick in mortgage expense that is deducted from their taxes and that would be a TAX increase on the under $250,000, the president is just not calling it that.

Good day

Moodyblues wrote:

GT300TD wrote: From what I've been hearing for about three years now is the tax raises that have been discussed will effect those making OVER $250,000 a year. If this IS NOT agreed on by the party that 'rules' the House by Dec 31 (and that's what they are saying) then people that make UNDER $250,000 a year will HAVE TO pay more. I can't understand why some people can not understand this??? If the party that 'rules' the House would quit being so stubborn and pigheaded, people that make UNDER $250,000 a year won't be effected. OUR President wants to let the bush tax cuts run out on those making OVER $250,000 a year and let the bush tax cut stay in effect for those making UNDER $250,000 a year! How is this so hard to understand???
Maybe the fox news network is not explaining this well enough?

Do you own a business? That 250K is not jack. My income on paper is way above $250K but by the time I pay all my employees and benefitsa for them, along with business expenses, then I get taxed 41% and then I get taxed 15% for self employment tax. So I am already pay over 50% in tax as it is and the president wants to tax me more? I am middle class when all is said and done, as a matter of fact lower middle class.

In addition, the presidents proposal is going to cut out your mortgage expense deductions, along with with charitable gifts deduction. I dont know about you, but most people pay a pretty good lick in mortgage expense that is deducted from their taxes and that would be a TAX increase on the under $250,000, the president is just not calling it that.

Good day

wow . you are in business ? think you should fire all that work for you . then you would'nt have to pay employee S/S and comp insurance plus other cost .

now whats your income ? you will have to find /make extra hours in the week so you can do all the work yourself . great b/s story you have , but without the works your income would be less . wouldnt it ?

your income is the companys net , not the gross sale , that net is your gross income thats taxed . like I said ..WOW . your inbusiness ? I know that and you don't ? WOW

B/S story ????? you don't even know Russ..............

IDT-572 wrote:B/S story ????? you don't even know Russ..............

don't have to know him .. same as if he said 2+2= 8

DanH wrote:

IDT-572 wrote:B/S story ????? you don't even know Russ..............

don't have to know him .. same as if he said 2+2= 8

So you think if grosses $250,000.00 he pockets all of it?

IDT-572 wrote:

DanH wrote:

IDT-572 wrote:B/S story ????? you don't even know Russ..............

don't have to know him .. same as if he said 2+2= 8

So you think if grosses $250,000.00 he pockets all of it?

think you need to re-read my post . you can't undearstand it , I'll be glad to explain it .

DanH wrote:

IDT-572 wrote:

DanH wrote:

IDT-572 wrote:B/S story ????? you don't even know Russ..............

don't have to know him .. same as if he said 2+2= 8

So you think if grosses $250,000.00 he pockets all of it?

think you need to re-read my post . you can't undearstand it , I'll be glad to explain it .

No I don't want you explaining anything to me................. but thanks anyway.

glad you now understand he posted a b/s story .

DanH wrote:glad you now understand he posted a b/s story .

Dan are you always looking for a fight?

lock it up...........

X2

" Fu-kin' with your cash is the only thing you kids seem to understand "................

Dan, were good friends, but I don't get your post either.....sometimes its tuff when people speak in riddles....black and white statements are fine....thanks

Mike , after all the bills are paid , thats the owner gross income .
company' gross money intake is sales . Sales being ..product/sevice
company net profit is after paying employees, rent/morgage, heat, lights water , property taxes , insurances , matching S/S payment product cost .. new equipment/ maintainance . Thats the cost of doing business . after paying all that , the money left is the owners Gross income
that gross income of the owner is the companys profit , now he has to pay taxes on his income .

very simple ,

when you snowplow , that fee is not 100% profit , is it . your cost is fuel , equipment ...you know the reast

my prior post was not a riddle . maybe just something that far wingers don't want to hear.

Fair enough

Here is what it is: Total sales - cost of goods = GROSS PROFIT
Now, after paying payroll, rent, utilities, insurance, etc, etc = NET PROFIT

So my question would be, are taxes going up for companies making $250,000 or more in GROSS profit or NET profit?

psfracer wrote:


Here is what it is: Total sales - cost of goods = GROSS PROFIT
Now, after paying payroll, rent, utilities, insurance, etc, etc = NET PROFIT

So my question would be, are taxes going up for companies making $250,000 or more in GROSS profit or NET profit?

YES!

IDIeselman wrote:

psfracer wrote:


Here is what it is: Total sales - cost of goods = GROSS PROFIT
Now, after paying payroll, rent, utilities, insurance, etc, etc = NET PROFIT

So my question would be, are taxes going up for companies making $250,000 or more in GROSS profit or NET profit?

YES!

when did one owner non corp companys start paying taxes ? the person /owner only pays taxes .

I am talking corporations. Most corporations in the US are really a single or maybe two partners that form a corp. People do this for many reasons, mostly for liability protection.

I can't say what corp or inc , limited company pay .
what extra taves they do pay , keeps them safe from personal loss from liability . can look at that tax as a form of insurance