[poboys 94]

Originally Posted by guitargod331

I know this is going back kind of far, but I just saw this thread today, and I can't believe no one has said anything about this comment. Gearbanger, do you know any REAL business owners?
Both my family and my wife's family come from a background of small business. And I am a couple of months away from starting up a small business (insurance agency) so I'm pissed as hell about Obama's "plan"
My grandparents own a water softener business in Ohio, tell me, between paying for their buildings, utilities, trucks, inventory, payroll, and other business expenses, that it doesn't take 250K for them to make about 30K in profit?
How about my wife's dad? He owns a used car dealership. I'm not going to give out his exact numbers, but the gross numbers his business takes in is ONE HUNDRED TIMES larger than his actual profit. Tell me how raising his taxes won't screw him over. Neither of my families were handed these business, they took risks, they lived under the poverty level for years getting their businesses started before they started making any real money.

Now I am by no means against assisting people who TRULY need it. Problem is, I've seen social programs taken advantage of WAY too much. I spent several years working for a law firm that handles personal injury and SSI/SSD. Taking advantage of the system is not a rarity, it's more common than you'd ever imagine. I am all for helping people who really need the help, but government is doing a piss poor job of it. Doesn't everyone know about the 80/20 rule when you're giving to charity? That not more than 20% of the charity's funds should go to administration? Government runs on the 80/20 rule, only it's flipped. They're spending the vast majority of that money on administration (salaries, etc.) They're inefficient as hell, and they need to get out of the business of social programs. I honestly believe that if we were to cut out all spending on social security and the like, and get rid of all the government's tax income that is supposed to fund social programs, and made it easy for people to make donations to GOOD charities, we as a nation could spend about 1/3 what we currently do on social programs, and do more good with it.
Because I don't want to work 100 hours a week and take risks with my family's future just for some idiot like Obama to tell me it's my patriotic duty to give that money to someone who doesn't necessarily deserve it.

I'm curious, does a business get taxed on what you profit, or do they tax you on what it grosses in before expenses? I don't know much about the way a business gets taxed, so I hope you can answer It just seems wrong to tax the crap out of people trying to make a go of it for themselves, the big oil and corporations can afford to having their tax status reverted back to the way the Clintons administration might have had it, but someone like you should not be in the same boat as them, if that's the way it is.