Obama will raise small biz taxes?
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Parker;242569 wrote:
consider myself lucky? now find me corperation income for farms....Explain to me what a "corperation" is then I'll find some statistics for you.
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MisterCMK;242570 wrote:
I wouldn't call them lucky. They are very skilled farmers who run an efficient business.Taxes would go up on my family's business as well. Fuck that.
What's your family's business?
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MisterCMK;242579 wrote:
Does it matter? For the sake of argument, it is a small business in MN that would be affected by the tax increases. Other than that, it doesn't matter.Sure it does.
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Parker;242580 wrote:
omg sorry... corporation... i guess you just cant figure it out....Omg, I guess you just can't figure out how to spell those darn words correctly can you?
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Corn is worthless anyway.
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Looks like the farm is pretty healthy after all.
http://www.manta.com/coms2/dnbcompany_dc7z4j
What's the net on 1.5M?
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reshalghoul;242595 wrote:
Looks like the farm is pretty healthy after all.http://www.manta.com/coms2/dnbcompany_dc7z4j
What's the net on 1.5M?
serious comment?
top 8%... like i said...can you find the seed sales?
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let's see....Million in revenue....75k after taxes & expenses....he has about 680k of write offs (before taxes obviously).....so his tax bracket will be under 250k....and if I'm reading what you say correctly, he should be money ahead w/ Obama's plan?
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Thats the thing, i havent found anywhere (not looking all that hard, but looking none the less) that states what this 250k really is. Is it gross, net, receipts, total revenue, total revenue-wages, etc. If you can find that i bet youll find the bull in the china shop. For instance, any buisiness that employs close to 10 people should be making around $1mil in gains. Especially farms, most of the farms around here are split between 2-4 people as LLCs, and each makes 2-4million in total revenue. Now in order to clear taxes and such they go buy NEW stuff, not used and use up 3.5million of that keeping around 500k for wages. Now depending on what obamas 250k really encompasses it could completely destroy large "small" buisinesses.
Also just a FYI if you think only a handful of small businesses make over 250k per year, your dreaming. I urge you to look at this, it is the limit of receipts in $millions to classify yourself as a small business. as you can see, most categories you can make $750,000 --$25 MILLION in receipts or have 1000-1500 employees and still qualify. Gosh, that sounds alot like almost everybody that works around here's company that will get a tax increase dont it.
scroll down to the table, about 1/8th the way.
http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=b6e780955530049be4cc0d0a0e391115&rgn=div5&view=text&node=13:1.0.1.1.15&idno=13#13:1.0.1.1.15.1.263.1
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