Posted on 07/29/2012 5:08:23 AM PDT by Alas Babylon!
I understand what this article says and why it might be right. But it might also be wrong for numerous reasons. I’d like to see an audit of the fed to begin with and then let Ron Paul and others debate the reasoning of what to change and the effects of such a change.
He clearly is more comfortable, too, when with his better half.....and she may well indeed be a better half. Ann will be an asset.
I'm not displeased with what I'm hearing, or seeing from the Romneys. I guess that's safe to say here, now that the primary is over.
Good idea. I probably should.
Coffee only goes so far,(although Starbucks is pretty good stuff)I’m still amazed that it wasn’t me that screwed up for a change.
I’m gonna miss Batman toady, maybe late on in the week.
Thanks I gotta read that book. Looks like a possible treasure trove.
I like the nuggets, and the noodle soup.
Small Businesses Responsible for Nearly All New Jobs
Aug 16, 2007
“Businesses with fewer than 20 employees account for 90 percent of all U.S. firms and are responsible for more than 97 percent of all new jobs, according to a new report by the Small Business Administration.”
After 15 months not drinking coffee, I’m starting slow. Just on weekends.
Starbucks? That stuff is poison! I’ve had two cups of it a and I almost died because it was so strong.
Batman?
I hate it when articles like this are not dated. FYI, I did look around and found this was written August 16, 2007.
Wow, that is huge. What industry are you in and what has he done to damage it?
?
Didn’t you see the date above the title on the right hand side?
I also posted the date in my post.
I didn’t at first because I limit Java Scripts from running on my computer. Once I turned that back on it came up. Oh well, thanks for the jogging me for my browser settings.
Yeah. I try to avoid the bread if I can so nix the sandwich part. Kinda the opposite of Jack Nicholson in Five Easy Pieces. I WANT the chicken, not the toast!
Gibbs lecturing Romney on embarrassing America belongs on the comedy channel. Gibbs was an embarrassment every time he opened his mouth in the WH.
Pray for America
Sorry to butt in, but I've got thirty years or so of experience with this crap to back up anything I think you may have seen.
The business? Name just anything that pops into your head. Aerospace, Production machine manufacture, Light/Heavy manufacturing, Steel mills, Uranium mining, Consumer goods.....
The short and simple answer to "what has he done to damage it": Government regulations and court decisions, Federal, state or (in some of my jobs) tribal.
You could blame it on the Sierra Club, trial lawyers and the EPA (You certainly can't leave out the MSM, either), but that's just the most obvious names on the long, long list.
What it boils down to is a subculture that has been promoting communism/total state control in this country for at least the last forty years under the cover story of "protecting the environment".
The 0's just the latest and most successful in a long line of snake oil peddlers, primarily because there aren't any limits on the things that the EnviroCommies inside Federal agencies can try while he's nominally In Charge.
...at least until they're found out, publicly criticized for it and the WH decides it's going to affect a poll someplace.
You want a current example of the people, industries plus the EnviroCommies' Ways & Means, have a look at what they're attempting with "Fracking"....
http://www.freerepublic.com/focus/f-news/2912080/posts
(I'm going to stop this now before I start REALLY getting PO'd.....)
I apologize in advance for my ignorance --:( -- but I do recall reading that if a small business is organized as an S Corporation, the owner's reported income is misleading. If this is indeed the case, someone should explain it. Or maybe I misunderstood . . . all too possible . . .
Someone will correct me if I’m wrong but I’ll try. A Sub S Corporation provides the protections against law suits, as a regular C Corporation. However, the income from a Sub S passes through to the owner as regular income and taxed as personal income. If the person is a C Corporation, he or she would have to pay both corporate taxes and personal taxes.
Crap, sorry. My post was for the person before your post.
Someone will correct me if I’m wrong but I’ll try. A Sub S Corporation provides the protections against law suits, as a regular C Corporation. However, the income from a Sub S passes through to the owner as regular income and taxed as personal income. If the person is a C Corporation, he or she would have to pay both corporate taxes and personal taxes.
Yes Vet, you nailed it with your post. Thanks for the “misery loves company” explanation. You could add OSHA to the list as well. Ever have to deal with these people?
I thought that and went to a lawyer to create an LLC. The lawyer I went to is a member of my church, a great guy and conservative. However, he informed me that no incorporation would would protect me from a lawsuit if I personally screwed something up. An LLC, S or C corp might protect me if an employee of mine screwed something up and I had done due dilligence to prevent it.
Other than that, some other predatory lawyer can always sue you and hope for the best. Another reason it’s hard to start and run a business!
I have no employees, so I did not incorporate. He didn’t charge me.
Yes, that’s how I understand it — but aren’t there expenses that would normally be paid by a C corporation that are instead paid by the S corporation’s owner(s) out of his (their) declared income, so that the owner’s (I’m getting sick of providing the alternate form!) income declared on his tax return is bigger than his actual income (as most people understand it) is? I know I’m phrasing this awkwardly, but, as I said, I read something about it years ago, and don’t really remember specifics.
Hopefully your source is not Ulsterman, a.k.a Anthony G. Martin, whose name and work has been banned from FR. Most agree with a poster who said his work was fiction and product of "a yarn spinner, a purveyor of tall tails and cryptic horse manure. People who should know better are reeled in."
Having expressed my opinion on the possibility that your White House source is bogus, what you say about the American people coming to realize the real nature of the Poser in the White House rings true. Unfortunately two things do much to pour cold water on that conclusion.
First is that Obama is making promises and taking action to solidify many voters who have come to rely on the government largesse to provide for them rather than their own skills, ability and ambition in making a meaningful contribution to their life, their family and society in general. That includes many minority Blacks and Hispanics to whom the concept of a family provider has been replaced by a government one in the form of everything from food stamps, to health care, to child care, to welfare, to unemployment checks. These are the ones Obama’s campaign minions are going to ensure get to the polls with promises of continued monthly US Treasury deposits to their bank accounts.
Second is Romney himself. The favorability/unfavorability ratio is skewed highly in Obama’s favor, mainly due to the daily/evening gushing love affair by the mainstream media. By contrast, Romney is portrayed almost as a 50’s boss on the “Mad Men” series — always work oriented, profit motivated, a strong taskmaster uninterested or unaware of others around him, or the effect his decisions have on employee jobs and their families. Fair or unfair, that is the picture we will have of Romney throughout the campaign season both from the Obama campaign and the compliant media.
I totally agree with you about Romney being comfortable in his next role as potus. (And with the rest of your comments, also.)
Let us compare him with his opponent - who has only had one Cabinet Meeting in all of 2012.
That reminds me, I should look at the differences between a LLC and a S Corp. Many lawyers I know are LLC’s (limited liability corporations)and not Sub S Corps. I’m sure there’s a reason for that but I’m not an accountant so it’s not something I know for sure.
Living in Alabama, I have a lot of contact and friendship with blacks. I do not have any practical exprerience with people on welfare/government assistance however.
I will say this: Almost all the blacks I do know are fierce supporters of Obama, whether his policies help them (they don’t) or hurt them (they do). None of that matters. It’s all about race.
It’s sad to say, but it’s the truth. I don’t think many care who is or isn’t giving them a handout. Still, I subtly focus on that aspect when I (rarely) debate them about Obama. Some get mad if I bring up the fact that they support him because he’s black, not based on his harmful policies, which they acknowledge is harmful!
Some think about it just a little. That’s who I’m working on.
Now, there is a subset of white liberals who actually are similar in their support for Obama, that is, they support him because he’s black. I don’t know what to say to them.
Bottom line is Republicans will not get many blacks this election, or in many elections to come. I liked that Romney went to the NAACP to tell them truth, not pander, but neither will garner their votes.
I think we should benignly write them off. By that I mean we do no harm to them, except to grow the economy, promote liberty, law and order, and a colorblind justice system. They may not support us, but it will do them much good.
Wow what a blockbuster Chgogal!In the report one city had 97.1% of new jobs from small businesses! This really says it all.THanks.
As Chris Wallace ages, he becomes as contemptible as his father.
(Paraphrasing):
Wallace: Are you thinking about quitting?
Scalia: No, my wife would probably not like my hanging around the house.
Wallace: I can understand that.
I can’t imagine making such a snarky remark in public to a SCOTUS Justice.
He, Wallace, may have been referring to himself and his being at home all the time, and of course, that’s how he’d spin it if called out on it. From observing him over time, I don’t think he was. However, if it was the case, then I would fully understand and give my deepest sympathy to his wife, assuming that he’s married.
Then Wallace goes off on Romney about his remarks about the Olympics.
What if Romney said something on the order of: “Everything’s great, security is good, etc.,” and then there was some terrorist event like Munich.
None of the panel, especially the moron Republican strategist, pointed out that in that scenario, Wallace and his cohorts would pillory Romney endlessly for saying security was good.
Of all the London interviews, the thing that struck me was Romney talking on about his wife’s horse being in the Olympics. Now that was fodder for showing how out of touch Romney is. I’m pretty familiar with the horsey set, and I can tell you, they’re not so much.
Yeah it does get strong. Seattles Best is a better brand for me actually.
Yeah I’m a Batman, Superman, Ironman, Spider man freak. Just can’t get enough of the super heroes...
Almost everyone I knew told me that if I did independent contracting I should form a LLC. Mike, my lawyer, told me he could make a lot of money just pushing the LLC line, but he’d be ripping me off.
He said most people are just wrong assuming that independent contractors need to form an LLC when one has no employees.
Think about it this way, your income is still your income. You can write off a heck of a lot of expenses (home office, phone lines, auto travel, etc), but you can’t hide your income from the gov.
You’d be better off getting a really good accountant.
I don’t know about the rest of Freepers here but I’m gonna be a good Chick-Fil-A fan from now on for quite a while.Best way to stop the shenanigans of the regime.Support capitalism deny communism.
I wish I could explain it. Only one of the many reason I have a huge CPA bill every month.
Hopefully, the country will still support a Don Draper rather than Omar Lenin even in these days of crisis.
Hahahaha,catch later buddy!! I’m gonna rest up for Breaking Bad,its past my bed time but I know Rush will be chatting about it tomorrow. I don’t wanna miss the action.
OSHA?
If it’s gummint (on any **** level), I’ve had ‘em..
to
just
about
as
much
as
I
can
tolerate
OSHA’s biggest problem is that they consider themselves Expert in engineering and manufacturing practices, but the very best of ‘em I’ve seen couldn’t design a way to extinguish the flames when they set their foot on fire.
They do REAL good at driving businesses offshore, though.
We plan on eating at the Orland Park Chick A Filet on Wednesday.
My motto is speak up, speak out and resist any attempt by the left to deny you your rights, to control you. Like the freedom fighters of World War II, of which my relative in Lithuania was one, it will be up to We the People to follow the example of freedom fighters past and present, and do what we can to sidetrack the left. Enjoy your meal at Chick-fil-A!
See you on Sunday!
Actually, I do have a very good accountant who I’ve used for thirty years to keep me out of jail. I want deductions and he won’t let me take the ones I think I should have. Still, he’s saved me a ton of money over the years.
The attorney I referred to explained it to me as his exposure as an attorney to lawsuits, which is why most attorneys create a LLC. Also, think about it, for a lawyer to do it is at no cost since one has to do it anyway.
As an aside, we had an area of I-70 that consistently provided revenue from tickets to people who changed lanes improperly. That worked until they ticketed an attorney who took the state to court, and beat them because it was not properly marked. Thousands of motorists just paid the fines but one attorney changed the practice so it no longer was something cops could use to fine drivers.
Dumb laws? It’s illegal to carry a firearm in Denver. Period. If you’re caught you forfeit the firearm and get a fine. YET, we have numerous sporting good stores in Denver that routinely sell firearms. So, how do people take them home? This is why so many people consider many laws to be jokes.
Sorry, slow Saturday....
I’m glad you weren’t in Denver for that movie opening. I guess you would have been in the thick of it.
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