Re: Student loan forgiveness
Posted: Thu Aug 25, 2022 7:42 pm
Ogee wrote: Thu Aug 25, 2022 7:34 pm Student loan forgiveness for $300 billion? New Yorkers say no problem.
Why would they do that? I swear these bright ideas just keep getting worse every day.
I guess because of Midterm elections. Besides, they spend other people's money. So don't care anyway. They never do. Biden sends Billions to the Ukraine every month and even promised more to feed his pathetic Russophobia.ChuChu Rocket wrote: Thu Aug 25, 2022 8:08 pm Why would they do that? I swear these bright ideas just keep getting worse every day.
America is fucked beyond repair man and I still can't believe Joe Biden is their "president" haha
pay tax or die, is this the motto of america now?RplusT wrote: Thu Aug 25, 2022 8:33 pm I guess because of Midterm elections. Besides, they spend other people's money. So don't care anyway. They never do. Biden sends Billions to the Ukraine every month and even promised more to feed his pathetic Russophobia.
The 80,000 to be recruited IRS army will make sure that money is flowing back. They'll squeeze the Middle income earners dry.
True! Herbert Reul, another willing tool of his Fuehrer.....Nazi Psychopath Schwab. They are everywhere.Ogee wrote: Wed Aug 24, 2022 12:34 am Kuppy @hkuppy
13m
The last time the German govt was this out of touch, they were defending the Fuhrerbunker…
one two three four nein! lolRplusT wrote: Thu Aug 25, 2022 8:41 pm True! Herbert Reul, another willing tool of his Fuehrer.....Nazi Psychopath Schwab. They are everywhere.
Yeah, something like this.
Owners of small businesses should really only pay tax when they SELL the company (even then they could defer the tax liability by purchasing stock of another company with the sale of their existing company).RplusT wrote: Thu Aug 25, 2022 8:33 pm The 80,000 to be recruited IRS army will make sure that money is flowing back. They'll squeeze the Middle-income earners dry.
If the owner of the small business has let's say for talking sake $100'000 in profits then they now owe say 30% ($30'000) to the taxman.xard777 wrote: Thu Aug 25, 2022 10:56 pm Owners of small businesses should really only pay tax when they SELL the company (even then they could defer the tax liability by purchasing stock of another company with the sale of their existing company).
You have to realize that you only pay tax on profits accrued.
If the owner of the small business has let's say for talking sake $100'000 in profits then they now owe say 30% ($30'000) to the taxman.
Now, the owner can legally reinvest ALL of the working capital $100'000 back into the company by way of purchasing stock in bulk say from a manufacturer instead of their usual wholesaler, and obtain better discounts along the way. In doing so they now show zero profits and are liable for 30% of those zero profits (which is now $0 dollars).
The small business owner can do this every year that the company is running which should also allow them to expand the company exponentially (could be that they open more stores and obtain better discounts via manufacturers through volume buying).
It does not have to be all stock, they could purchase a brand new works van, obtain a storage facility for excess stock, lease another retail outlet or open more cloud outlets. As long as they reinvest ALL the working capital back into the company then they are NOT breaking the law and are only liable for tax on the profit that is left each year.
Why would you kill your business by giving away 30% growth each year, it does not make any sense.
Don't pay for other people's wreckless budgeting programs - keep ALL of your hard-earned working capital and reinvest it back into your company and when you decide that it is time to retire then sell your company and reinvest ALL the proceeds into Tesla shares and sit on the beach in the Cayman Islands
Xard777