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39.6%

thechatch
thechatch Member Posts: 7,303 Standard Supporter
Goodbye, American small business.

Comments

  • LoneStarDawg
    LoneStarDawg Member, Swaye's Wigwam Posts: 13,681 Founders Club
  • HHusky
    HHusky Member Posts: 23,979
    Oh no

    Now no one will ever want to work again
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,658 Standard Supporter
    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.
  • HHusky
    HHusky Member Posts: 23,979

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
  • Bendintheriver
    Bendintheriver Member Posts: 7,059 Standard Supporter
    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
  • HHusky
    HHusky Member Posts: 23,979

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
    I've had my first dose.

    Partying like it's 1979!
  • doogie
    doogie Member Posts: 15,072
    I was right again. They’re giving shots to anyone now
  • HHusky
    HHusky Member Posts: 23,979
    doogie said:

    I was right again. They’re giving shots to anyone now

    It's not what you know . . .
  • greenblood
    greenblood Member Posts: 14,560
    It's not that big of a deal. I'm more concerned about the national $15 minimum wage. On the west coast that works, but putting a $15 minimum wage in places around Jackson Mississippi will be catastrophic to their employment.
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,171 Founders Club
    HHusky said:

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
    I've had my first dose.

    Partying like it's 1979!
    You must be really old
  • greenblood
    greenblood Member Posts: 14,560
    Not horrible yet. However, diminishing returns eventually will kick in. If Biden goes high enough, much of the wealthy money will travel overseas or will be placed into deferred tax strategies. It gets to a point where higher taxes can lead to lower government revenue.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,187 Founders Club
    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    Another retard argument

    If ALL economic activity doesn't stop there is no effect

    And 37 is too high
  • HHusky
    HHusky Member Posts: 23,979
    edited January 2021

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    Another retard argument

    If ALL economic activity doesn't stop there is no effect

    And 37 is too high
    How are we? going to pay for your entitlements?

    And way back when the highest marginal rate was 39.6%, you told us that Daddy's economy was roaring.
  • HHusky
    HHusky Member Posts: 23,979
    RoadTrip said:

    HHusky said:

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
    I've had my first dose.

    Partying like it's 1979!
    You must be really old
    A fact not in dispute.
  • WestlinnDuck
    WestlinnDuck Member Posts: 17,658 Standard Supporter
    Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.
  • HHusky
    HHusky Member Posts: 23,979
    edited January 2021

    Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.

    Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.

    I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000th dollar if you'll only get to keep 60.4% of it.
  • NorthwestFresh
    NorthwestFresh Member Posts: 7,972
    HHusky said:

    Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.

    Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.

    I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000nd dollar if you'll only get to keep 60.4% of it.
    There is zero chance you own a successful LLC. It must not even clear $400k if tax increases don’t impact your bottom line, Ozark.
  • TurdBomber
    TurdBomber Member Posts: 20,045 Standard Supporter
    The entire issue is how much should be directly distributed back into the economy through investment and private spending versus run through government coffers first, so they can grift the fuck out of each dollar to pay for stupid, useless, nepotism-filled jobs like "diversity and inclusion" officers or "academic support" jobs, before returning a pittance of that dollar into the marketplace.

    If you think Big Government spends other people's money more responsibly than people spend their own hard-earned dollars, well, then that makes you @HHusky, aka a total fucking idiot.
  • HHusky
    HHusky Member Posts: 23,979

    HHusky said:

    Actually, small businesses formed as an LLC or S corporation are taxed at around 25% by the feds. We had record low US unemployment a year ago under Trump and his tax cuts. But why shoot for record low unemployment as a goal when you can punish corporations and small businesses for being successful.

    Mr. Likeable referenced the top marginal income tax rate. The same top marginal rate that wasn't slowing that economic marvel you told us Daddy should get credit for before the tax cuts.

    I envy those of you who are too rich to thinks it's even worth trying to earn that $622,000nd dollar if you'll only get to keep 60.4% of it.
    There is zero chance you own a successful LLC. It must not even clear $400k if tax increases don’t impact your bottom line, Ozark.
    But I'm not saying 39.6% won't impact my bottom line, Natasha.
  • HHusky
    HHusky Member Posts: 23,979

    The entire issue is how much should be directly distributed back into the economy through investment and private spending versus run through government coffers first, so they can grift the fuck out of each dollar to pay for stupid, useless, nepotism-filled jobs like "diversity and inclusion" officers or "academic support" jobs, before returning a pittance of that dollar into the marketplace.

    If you think Big Government spends other people's money more responsibly than people spend their own hard-earned dollars, well, then that makes you @HHusky, aka a total fucking idiot.

    How can we possibly be expected to pay taxes until we agree with the expenditure of every single line item?
  • doogie
    doogie Member Posts: 15,072
    edited January 2021
    HHusky said:

    doogie said:

    I was right again. They’re giving shots to anyone now

    It's not what you know . . .
    Fuck off

    Anyone can go to Target or Walmart or Walgreens or Kaiser Permanente, etc 15 minutes before they close and get a shot from the no shows from that days allotment on a first come, first served basis. (except in NY where they throw them away)
  • doogie
    doogie Member Posts: 15,072
    HHusky said:

    RoadTrip said:

    HHusky said:

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
    I've had my first dose.

    Partying like it's 1979!
    You must be really old
    A fact not in dispute.
    and senile
  • HHusky
    HHusky Member Posts: 23,979
    doogie said:

    HHusky said:

    doogie said:

    I was right again. They’re giving shots to anyone now

    It's not what you know . . .
    Fuck off

    Anyone can go to Target or Walmart or Walgreens or Kaiser Permanente, etc 15 minutes before they close and get a shot from the no shows from that days allotment on a first come, first served basis. (except in NY where they throw them away)
    Hot tip!
  • HHusky
    HHusky Member Posts: 23,979
    doogie said:

    HHusky said:

    RoadTrip said:

    HHusky said:

    HHusky said:

    Oh no. Our fake MBA grad again pretends that taxes don't have a negative effect private business and investment.

    Back in the dark days of 39.6%, no one was investing or doing business. Now 37%--that was liberty!
    You still in your basement?
    I've had my first dose.

    Partying like it's 1979!
    You must be really old
    A fact not in dispute.
    and senile
    hurtful
  • Sledog
    Sledog Member Posts: 37,891 Standard Supporter
    doogie said:

    I was right again. They’re giving shots to anyone now

    How'd he get the vacine? Not even a human.
  • HHusky
    HHusky Member Posts: 23,979
    Sledog said:

    doogie said:

    I was right again. They’re giving shots to anyone now

    How'd he get the vacine? Not even a human.
    thud