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Eternal Error Exitus Acta Probant	Posted - 2008.11.05 03:50:00 - [1] Edited by: Eternal Error on 05/11/2008 03:51:16 I'm poor and need some money for a GTC. You are richer than me. In accordance with our soon-to-be new economic policies, you need to support me and spread the wealth! Please wire all ISK donations to eternal error. I deserve them. It is only fair. Thank you for your time.
Benilopax Gallente Pulsar Combat Supplies Alternative Realities	Posted - 2008.11.05 03:55:00 - [2] No we can't.
rValdez5987 Amarr 32nd Amarrian Imperial Navy Regiment.	Posted - 2008.11.05 04:19:00 - [3] I would actually help you out, but you see im not among the upper 5% of eve much less the upper 50% so im not going to be paying extra taxes... in fact i may be getting a larger tax break! (do you see what i did there)
Vikarion Caldari Deep Core Mining Inc.	Posted - 2008.11.05 04:34:00 - [4] Originally by: rValdez5987 I would actually help you out, but you see im not among the upper 5% of eve much less the upper 50% so im not going to be paying extra taxes... in fact i may be getting a larger tax break! (do you see what i did there) Actually, since the Heth (Bush) tax cuts are soon to be phased out, you will be paying higher taxes. If you currently pay any, that is. Also, if you own a small business, you'll be paying much higher taxes. -------- EVE - The only non-consensual PvP MMORPG* *Note: does not contain non-consensual PvP as of 9/3/2008
Shopping Kart	Posted - 2008.11.05 04:44:00 - [5] Originally by: Vikarion Originally by: rValdez5987 I would actually help you out, but you see im not among the upper 5% of eve much less the upper 50% so im not going to be paying extra taxes... in fact i may be getting a larger tax break! (do you see what i did there) Actually, since the Heth (Bush) tax cuts are soon to be phased out, you will be paying higher taxes. If you currently pay any, that is. Also, if you own a small business, you'll be paying much higher taxes. you're ignorant
Dianeces The Illuminati. Pandemic Legion	Posted - 2008.11.05 04:47:00 - [6] Originally by: Shopping Kart Originally by: Vikarion Originally by: rValdez5987 I would actually help you out, but you see im not among the upper 5% of eve much less the upper 50% so im not going to be paying extra taxes... in fact i may be getting a larger tax break! (do you see what i did there) Actually, since the Heth (Bush) tax cuts are soon to be phased out, you will be paying higher taxes. If you currently pay any, that is. Also, if you own a small business, you'll be paying much higher taxes. you're ignorant Making statements without proof is awesome. You're stupid. Man, that's fun.
Falcon Troy Caldari State Protectorate	Posted - 2008.11.05 04:49:00 - [7] I agree with this mentality. CCP needs to redisribute ISK to us poorer folk. A few billion is not enough for pvp needs. _____________ Hai.
Kathrine Deepwater	Posted - 2008.11.05 04:51:00 - [8] Quote: Making statements without proof is awesome. You're stupid. Man, that's fun.
Nitch Bigga	Posted - 2008.11.05 05:06:00 - [9] Originally by: Dianeces Originally by: Shopping Kart Originally by: Vikarion Originally by: rValdez5987 I would actually help you out, but you see im not among the upper 5% of eve much less the upper 50% so im not going to be paying extra taxes... in fact i may be getting a larger tax break! (do you see what i did there) Actually, since the Heth (Bush) tax cuts are soon to be phased out, you will be paying higher taxes. If you currently pay any, that is. Also, if you own a small business, you'll be paying much higher taxes. you're ignorant Making statements without proof is awesome. You're stupid. Man, that's fun. Try me or here you may go back to your cave
Vikarion Caldari Deep Core Mining Inc.	Posted - 2008.11.05 06:45:00 - [10] Unfortunately, you're incorrect. Most small businesses function not as LLCs - which appears to be what those studies are based on - but as individual owners...i.e., my dad is a contractor, etc. Most such businesses take in well over 250K a year, in order to pay employee wages, withholding, workers comp., supplies/materials, and etc. What's left is the net. HOWEVER, taxes are based on gross income, not net income. So even though a private contractor only takes home 30-40K a year, he is going to get taxed as if he brought home 250K+ Now, the articles you cite don't actually address that. They address ANYONE filing a certain type of tax return, since the government doesn't do a census on small businesses. In short, because they want a pro-Obama conclusion, they discover that applicable data is not available and go ahead and make a judgment anyway. Regardless of that, any small business with high overhead is going to get hit, hard. And I anticipate the first way they'll be dealing with it is by laying off employees. Another method may be under-reporting income. It's very likely that most small businesses will become non-competitive compared to large conglomerates. -------- EVE - The only non-consensual PvP MMORPG* *Note: does not contain non-consensual PvP as of 9/3/2008
FOl2TY8 Revolutionary United Front	Posted - 2008.11.05 07:23:00 - [11] Originally by: Vikarion Unfortunately, you're incorrect. Most small businesses function not as LLCs - which appears to be what those studies are based on - but as individual owners...i.e., my dad is a contractor, etc. Most such businesses take in well over 250K a year, in order to pay employee wages, withholding, workers comp., supplies/materials, and etc. What's left is the net. HOWEVER, taxes are based on gross income, not net income. So even though a private contractor only takes home 30-40K a year, he is going to get taxed as if he brought home 250K+ Now, the articles you cite don't actually address that. They address ANYONE filing a certain type of tax return, since the government doesn't do a census on small businesses. In short, because they want a pro-Obama conclusion, they discover that applicable data is not available and go ahead and make a judgment anyway. Regardless of that, any small business with high overhead is going to get hit, hard. And I anticipate the first way they'll be dealing with it is by laying off employees. Another method may be under-reporting income. It's very likely that most small businesses will become non-competitive compared to large conglomerates. I look forward to seeing your predictions get lost in the shadow of progress. ---------- The six paths and the four lives....
Necrosmith Gallente Aliastra	Posted - 2008.11.05 07:46:00 - [12] Edited by: Necrosmith on 05/11/2008 07:47:03 Well, I certainly hope taxes head up soon. We need to start paying off the debt Bush ran up over the past 8 years. Now lets hope that President Obama makes liberal use of his scalpel on the budget. "Isk is cheap. Life is cheaper. This week, there's a sale on both." Battle Asses, Whasssuuup?
Khemul Zula Amarr Black Plague.	Posted - 2008.11.05 07:55:00 - [13] Originally by: Necrosmith Edited by: Necrosmith on 05/11/2008 07:47:03 Well, I certainly hope taxes head up soon. We need to start paying off the debt Bush ran up over the past 8 years. Now lets hope that President Obama makes liberal use of his scalpel on the budget. Pay off debt? Doesn't really sound like a very American thing to do, tbh. /me applies for another credit card.
Odessima Caldari The Black Rabbits The Gurlstas Associates	Posted - 2008.11.05 08:22:00 - [14] Originally by: Khemul Zula Originally by: Necrosmith Edited by: Necrosmith on 05/11/2008 07:47:03 Well, I certainly hope taxes head up soon. We need to start paying off the debt Bush ran up over the past 8 years. Now lets hope that President Obama makes liberal use of his scalpel on the budget. Pay off debt? Doesn't really sound like a very American thing to do, tbh. /me applies for another credit card. So Ironic that in probably a quite off hand remark, you hit the nail on the head...no wonder everyone runs scared when the greenback collapses.
Benny Hill Caldari Deceased Inc	Posted - 2008.11.05 08:43:00 - [15] Edited by: Benny Hill on 05/11/2008 08:44:00 Originally by: Necrosmith Edited by: Necrosmith on 05/11/2008 07:47:03 Well, I certainly hope taxes head up soon. We need to start paying off the debt Bush ran up over the past 8 years. Now lets hope that President Obama makes liberal use of his scalpel on the budget. Do use use drugs? He is proposing 2 trilling in new spending over next 4 years, on top of a projected budget deficit of 400 billion. The president does not have a line item veto- and Obama will never veto any bill sent to him. they will all pass and they will all be signed.
Chucky Deep Core Mining Inc.	Posted - 2008.11.05 09:10:00 - [16] Edited by: Chucky on 05/11/2008 09:10:55 WTF?????????????/ I want this thread locked too!!!!!!!!!!!!!!!!!!!!!! ... you will see more and more marketing which in turn will bring you more players to torture.
Vikarion Caldari Deep Core Mining Inc.	Posted - 2008.11.05 09:13:00 - [17] Originally by: Necrosmith Edited by: Necrosmith on 05/11/2008 07:47:03 Well, I certainly hope taxes head up soon. We need to start paying off the debt Bush ran up over the past 8 years. Now lets hope that President Obama makes liberal use of his scalpel on the budget. We were doing just fine until someone decided to start giving out loans to everyone. In fact, thanks to people doing MORE business, we had a surplus. Of course, because actually having extra money is apparently anathema, we spent it all. And if you look at the things Obama is proposing, they aren't coming cheap. -------- EVE - The only non-consensual PvP MMORPG* *Note: does not contain non-consensual PvP as of 9/3/2008
Vikarion Caldari Deep Core Mining Inc.	Posted - 2008.11.05 09:14:00 - [18] Originally by: FOl2TY8 I look forward to seeing your predictions get lost in the shadow of progress. How much would you like to bet that, unless this recession is over by the time such his policies are enacted, unemployment figures go up? -------- EVE - The only non-consensual PvP MMORPG* *Note: does not contain non-consensual PvP as of 9/3/2008
Chucky Deep Core Mining Inc.	Posted - 2008.11.05 09:16:00 - [19] Goddammit already lock this thread, its clearly political!!!! ... you will see more and more marketing which in turn will bring you more players to torture.
Vikarion Caldari Deep Core Mining Inc.	Posted - 2008.11.05 09:22:00 - [20] Yet, somehow, leading a charmed life. -------- EVE - The only non-consensual PvP MMORPG* *Note: does not contain non-consensual PvP as of 9/3/2008
Trokiel	Posted - 2008.11.05 09:24:00 - [21] Edited by: Trokiel on 05/11/2008 09:25:22 Oh, like you are the only one that has to work for a living? Get real!!! BTW: Posting in another whine thread No matter where you go, there you are. PUPPIES, mother natures health food.
Rachel Voegel	Posted - 2008.11.05 15:27:00 - [22] Originally by: Eternal Error I'm poor If you can even think about playing EVE then you are not poor.
Dianeces The Illuminati. Pandemic Legion	Posted - 2008.11.05 15:29:00 - [23] Originally by: Nitch Bigga you may go back to your cave I don't like my cave, it's cold. I think the government should pay to heat it.
goodby4u Valor Inc.	Posted - 2008.11.05 15:35:00 - [24] Originally by: Nitch Bigga Try me or here you may go back to your cave He did at first say he would only tax the top 300k. Then he said 250k Then he said 200k Then he said 150k Then he said 130k Then he said 90k How long till this starts hitting small business? Oh and for the op, Im not in the top 5% so I need money.... AKITA GIMME!
Amarr Citizen 155 Tleilex Developments	Posted - 2008.11.05 15:53:00 - [25] I'm going to go ahead and post this to all the US presidential election threads since there's so many idiots who are confused. You idiots in the US who think things will change are sadly mistaken. It wasn't a race between McCain and Obama / Old vs. New / More of the same vs. Change. It was a politician vs. a politician. Both sides told you what you needed/wanted to hear. The US won't be changing its form of government. We won't be leaving Iraq tomorrow. You won't get a rebate check tomorrow. To you idiots in foreign nations, please don't start liking us again simply because someone new is sitting at the head of the table. We are still going to interfer in parts of the world that don't want us to. We are still going to use lots and lots of oil. We are still going to think our ** doesn't stink (most of us that is). This isn't some new situation that we have never been faced with. Life will go on. Some people might be ed and some people might be happy, this is the case with every election. Now go back to work. Quote:** Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
Rachel Voegel	Posted - 2008.11.05 16:33:00 - [26] There will be some changes but nothing earth shattering.
Gamer4liff Caldari Metalworks THE INTERSTELLAR FOUNDRY	Posted - 2008.11.05 16:34:00 - [27] Originally by: Benilopax No we can't. Lmao.
baltec1 R.U.S.T.	Posted - 2008.11.05 16:42:00 - [28] Originally by: Dianeces Originally by: Nitch Bigga you may go back to your cave I don't like my cave, it's cold. I think the government should pay to heat it. Get back in there and be thankfull for that raw meat I left you.
Rachel Voegel	Posted - 2008.11.05 16:45:00 - [29] Originally by: Vikarion Most such businesses take in well over 250K a year, in order to pay employee wages, withholding, workers comp., supplies/materials, and etc. What's left is the net. Hang on, surely the tax is on the business profit, not on the turnover.
JordanParey Minmatar Suddenly Ninjas	Posted - 2008.11.05 18:31:00 - [30] Originally by: Rachel Voegel Originally by: Vikarion Most such businesses take in well over 250K a year, in order to pay employee wages, withholding, workers comp., supplies/materials, and etc. What's left is the net. Hang on, surely the tax is on the business profit, not on the turnover. See, that's where you're wrong In the US people who invest/ run businesses usually not only have to pay income tax, but also a % of the profit (capital gains tax.) If you're in a higher tax bracket you could potentially be paying 25-33% of personal income in taxes + a fair amount of your new cash. I'm not sure what brackets the capital gains thing is divided into, though.

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