[Spridgets] Chinese Parts

Lester oldsaabguy at comcast.net
Tue Oct 12 12:12:56 MDT 2010


Better than that..

I do own a business and I gross about 440k a year..  I have overhead  
so that's cut down to less than 100k a year, roughly 33% goes to  
income taxes BUT there is the city tax on the property, the City tax  
on the items in the building that I paid sales tax on to buy, then  
there is the Parish tax (county) on the property and the Parish tax on  
the things inside that I already paid parish sales tax on when I  
purchased them...  so now lets take away another 10K..  now if I have  
an employee i will have to PAY matching Social Security and Medicare  
taxes out of my own pocket so if I hire another employee I will LOSE  
another $6k a year out of my pocket.  I don't think so.  Cut my taxes  
and it's a done deal..

I am not here to create jobs, the Mega Company is not here to create  
jobs.  They and I are here to make a profit for the shareholders, NOT  
to make money to give to those not working.  It is a nice social  
benefit to give money to people who aren't working while they look for  
work.  Gives them the time to find a job.  But if I go out of business  
then 5 other people lose their jobs and I get squat.

Lester


On Oct 12, 2010, at 12:58 PM, Macy Larry wrote:

> OK, Let's say I own a business. I make 200,000 per year on it. If I  
> am in a 25% tax bracket I pay 25% of 200,000 or 50,000 per year in  
> taxes and make 150,000. If I am in a 70% tax bracket, I would pay  
> $140,000 in taxes. Now I don't want to give the IRS my money so I  
> look for deductions, like buying machinery or hiring workers. So by  
> the time I pay for all that I pay taxes on what's left. Say $4,000 @  
> 70% or $2800 in taxes. But in the mean time I have hired folks,  
> bought machinery from companies that hired folks to make it. So I  
> don't get my $150,000 pocket money, But I created jobs!!
>
> It is really no where as simple as that, but that's what you get  
> when businesses have higher taxes. When they don't you get 100  
> billionaires created every year. And about 11 million unemployed.
>
>
>
> On Oct 12, 2010, at 09:13 AM, Michael Rowe wrote:
>
>>> Sure. We should tax the living $hit out of all these big companies!
>>
>> On the radio this morning was a political ad in which "the other"  
>> candidate stumbled so badly that the audience started to laugh.  He  
>> was trying to avoid  answering the question, "How do you create  
>> jobs?"  I thought about this in the shower, and I haven't a clue.   
>> How does the government create jobs when many do not have money to  
>> spend and those who do won't spend it?
>>
>> Michael Rowe _______________________________________________
>>
>>
>
> -- 
>
> Larry B. Macy, Ph.D.
> macy at upenn.edu
> Senior IT Program Director
> Neuropsychiatry Section
> Department of Psychiatry
> University of Pennsylvania
> 3400 Spruce St. - 10 Gates
> Philadelphia, PA 19104
>
> "I finally figured out what email is for. It's for communicating  
> with people you's rather not talk to." G. Carlin
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