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Old July 27th, 2009, 04:38 PM   #1
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Default Small business tax

Anyone know the specifics of Obama's plans to tax the small guy? I know it was debated a lot in October/November 2008, but haven't heard much since. If we were to move back to michigan and open a shop, would we get punched with higher taxes if 1) our shop had a gross income greater than 250k a year or 2) had a net income (minus expenses) of greater than 250k a year?

At least we'll get free healthcare so I don't have to worry about paying for my own insurance...
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Old July 27th, 2009, 04:44 PM   #2
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We can figure all our taxes are going up, even the small business owner. As for your health care, it will NOT BE FREE. You will be paying more for what ever can be taxed and will be taxed, food gas and the very air we breath.
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Old July 27th, 2009, 07:10 PM   #3
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http://www.michigan.gov/taxes/0,1607...533---,00.html
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Old July 28th, 2009, 09:24 AM   #4
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Very good information for State Taxes, but does not address my question about Federal Tax reform.

I'd like to see how they are going to enforce taxing the air we breathe.
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Old July 28th, 2009, 10:11 AM   #5
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Originally Posted by aber61 View Post
We can figure all our taxes are going up, even the small business owner. As for your health care, it will NOT BE FREE. You will be paying more for what ever can be taxed and will be taxed, food gas and the very air we breath.

Tin foil hat

vs.


Quote:
Originally Posted by ovrlnd View Post

Actual information

I applaud Ovrlnd for his efforts to produce factual information.


Have no opinion on the subject at this time, I just wanted to comment on different approaches to answering a question.
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Old July 28th, 2009, 10:20 AM   #6
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In small s-corps, it will likely be taxed on the NET profits, not revenue. Even if you retain earnings for next year, you will be taxed on those profits as if they were income. That's how its always worked. The only difference i see here, is that the tax rate will be increased.
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Old July 28th, 2009, 11:34 AM   #7
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Originally Posted by PeteC View Post
Tin foil hat

vs.





Actual information

I applaud Ovrlnd for his efforts to produce factual information.


Have no opinion on the subject at this time, I just wanted to comment on different approaches to answering a question.


Liberal talking in circles again. Ovrlnd posted a Government site as to the cuurrent small business tax entails.

Aber61 gave his opinion based on what all the liberal socialist keep saying about them raising taxes on everthing.

Both are based on factual information.....
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Old July 28th, 2009, 11:47 AM   #8
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Quote:
Originally Posted by PeteC View Post
Tin foil hat

vs.





Actual information

I applaud Ovrlnd for his efforts to produce factual information.


Have no opinion on the subject at this time, I just wanted to comment on different approaches to answering a question.
Well my "tin foil hat" keeps my brains in check, but thanks for the concern
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Old July 28th, 2009, 11:53 AM   #9
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Originally Posted by 2007JK View Post
Very good information for State Taxes, but does not address my question about Federal Tax reform.

I'd like to see how they are going to enforce taxing the air we breathe.
Have you heard of the carbon tax that obama wants to sign us up for? Global warming, that has a lot to do with the air we breathe. Obama wants to be a world leader in controling the very emissions that companies put into the air we breathe.
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Old July 28th, 2009, 12:04 PM   #10
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Quote:
Originally Posted by Mr Toes View Post
Liberal talking in circles again. Ovrlnd posted a Government site as to the cuurrent small business tax entails.

Aber61 gave his opinion based on what all the liberal socialist keep saying about them raising taxes on everthing.

Both are based on factual information.....
x2 Mr Toes x2

I would like to see what the very liberal socialists will do when thier taxes go through the roof to pay for food stamps for the have nots, medical benefits for the have nots and when all the haves, have nothing only then maybe will they see that robin hood(Obama) did not help the poor but only encouraged them to dependent on others for thier meal ticket.

I have read a piece that made alot of sence,

If a man does not work he does not eat, anybody knows where that came from?
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Old July 28th, 2009, 12:17 PM   #11
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Quote:
Originally Posted by PeteC View Post
I applaud Ovrlnd for his efforts to produce factual information.
all information provided by me is factual. it just depends if others choose to believe it.
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Old July 28th, 2009, 12:21 PM   #12
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Quote:
Originally Posted by aber61 View Post
Well my "tin foil hat" keeps my brains in check, but thanks for the concern


You are welcome
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Old July 28th, 2009, 12:24 PM   #13
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Quote:
Originally Posted by Mr Toes View Post
Liberal talking in circles again. Ovrlnd posted a Government site as to the cuurrent small business tax entails.

Aber61 gave his opinion based on what all the liberal socialist keep saying about them raising taxes on everthing.

Both are based on factual information.....

Ovrlnd gave a link to some actual information while Aber61 gave his opinion.

How is that talking in circles? I never took sides with either, just pointed out how each approached the question and my opinion on that alone.

But, hey, typical conservative double talk to take the attention off the actual intent of the post.
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Old July 28th, 2009, 12:47 PM   #14
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Quote:
Originally Posted by PeteC View Post
Ovrlnd gave a link to some actual information while Aber61 gave his opinion.

How is that talking in circles? I never took sides with either, just pointed out how each approached the question and my opinion on that alone.


But, hey, typical conservative double talk to take the attention off the actual intent of the post.
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Old July 28th, 2009, 01:35 PM   #15
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all information provided by me is factual. it just depends if others choose to believe it.
Is that a fact? LOL
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Old July 28th, 2009, 01:47 PM   #16
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Quote:
Originally Posted by PeteC View Post
Ovrlnd gave a link to some actual information while Aber61 gave his opinion.

How is that talking in circles? I never took sides with either, just pointed out how each approached the question and my opinion on that alone.

But, hey, typical conservative double talk to take the attention off the actual intent of the post.
Aber61 told you what the liberal's have been saying they are going to do. You call that Tin Foil Hat vs Actual information

I applaud Ovrlnd for his efforts to produce factual information.

Thats not taking sides????? Whatever...
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Old July 28th, 2009, 01:59 PM   #17
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Quote:
Originally Posted by Mr Toes View Post
Aber61 told you what the liberal's have been saying they are going to do. You call that Tin Foil Hat vs Actual information

I applaud Ovrlnd for his efforts to produce factual information.

Thats not taking sides????? Whatever...


Aber61 gave his OPINION on what liberals have been saying they will do.

I took sides on how they reacted and responded, not on the subject of the SBT.
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Old July 28th, 2009, 02:20 PM   #18
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Quote:
Originally Posted by PeteC View Post
Aber61 gave his OPINION on what liberals have been saying they will do.

I took sides on how they reacted and responded, not on the subject of the SBT.

Obama says he is going to raise taxes on the upper income to pay for his bullshit health insurance.....Thats not my opinion thats what he said, so if I say the upper income better plan on higher taxes, thats not my opinion thats my observation.
Same with what Aber61 said. It is his observation as to what the liberals ass wipe say the ARE going to do.


Oh and by the way Mr. Circle Talker you said "I took sides" and "I never took sides". Liberal flip flopping bullshit.....

Hey I know lets get together and drink a beer, thats the new fix for everything......LMAO


Ovrlnd gave a link to some actual information while Aber61 gave his opinion.

How is that talking in circles? I never took sides with either, just pointed out how each approached the question and my opinion on that alone.

But, hey, typical conservative double talk to take the attention off the actual intent of the post.
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Old July 28th, 2009, 02:25 PM   #19
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if you come to michigan, your going to get screwed up the butt with taxes.
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Old July 28th, 2009, 02:57 PM   #20
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Is that a fact? LOL
yes.
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