As Unemployment Skyrockets, Obama Readies More Job Killing Taxes

Thank you JW. That's how I feel about taxes and Obama's interfering in my business. I just closed my small compressor service business and let go all 13 hands. I am still working but only a couple more years to finish paying off rental property and then retire. Someone else can worry about how to pay for all this crap! People who make a profit are all evil!

JW, did you ever ponder why we need to pay all these taxes to begin with?

You just want to pass the tax burden onto someone else so you can maximize your profit off the back of others.

As it is the tax rate for small business owners has that bracket carrying most of the load (15% for self employed folks earning less than $30K up through 35% if it pulls down more than $335K). That's a hefty burden.

What are you getting at by saying a small business owner displacing his tax burden on someone else? I know plenty of large businesses get subsidized either directly or through tax credits/rebates. Farmers are getting a bit now as well (pork much?). Now those "credits" are being displaced. The government is taking from all of us to pay them. Is that what you're talking about?

As of 2006, the land of the free isn't doing so hot. Forbes has the numbers you're looking for.

Or a good accountant !

I don’t know where you got this at, but the truth is the employer has to pay a percent of the S S tax for every employee, they also have to pay workers comp insurance if you have more than three employees, the employee does not pay any of that and these can not be deducted, one is a tax the other is a state and OSHA required insurance.

Salaries and benefits only have a cretin % that is dutiable due to the fact that the employee has to pay taxes on it, the average cost to the employer of an employee who makes $10.00 an hour is $4.62 over and above the $10.00 of that $4.62 the employer can only recoup $1.30.

Having more employees DOES NOT SAVE YOU MONEY, the best you can hope for is to clam a training for unskilled employees where you do get a tax brake, and to do that they have to be low paid people or they question why you pay them so much.

There are a lot more things involved in having people work for you than most people understand, the above are just a few, employee theft is not tax deductible, loss due to employee sickness or breakage is not, you can get some tax brakes on customer theft only if you do not catch them in the process, employees you are expected to prosecute and unless it is a very large amount the cost of that is prohibitive.

The more people you have working the more utilities you use, the more supervisory help you need and the higher your worker comp goes, the smaller the business the better off you are, and if you are smart you will only hire contract labor, then they have to pay for everything, no taxes, no workmans comp, no insurance.

Another way around all that if you have to have more than 5 people working for you is to hair part time only, lower wages, no overtime, no benefits other than workman’s comp.

I don’t know where you got this at, but the truth is the employer has to pay a percent of the S S tax for every employee, they also have to pay workers comp insurance if you have more than three employees, the employee does not pay any of that and these can not be deducted, one is a tax the other is a state and OSHA required insurance.

Sorry, but the fact is that they can be deducted. From The Small Business Advisor's Tax Tips for Small Business:

Insurance. This includes liability, malpractice, business overhead, workers compensation, and other business-related insurance. Disability insurance is not deductible.

Payroll taxes that you pay on behalf of your employees (not the taxes that are withheld from your employee's pay checks.)

Let's look at your next point:

Salaries and benefits only have a cretin % that is dutiable due to the fact that the employee has to pay taxes on it, the average cost to the employer of an employee who makes $10.00 an hour is $4.62 over and above the $10.00 of that $4.62 the employer can only recoup $1.30.

Again, no. Wages paid to employees are fully tax deductible, and you deduct the gross salary rather than the net. It has nothing to do with the employee having to pay taxes on it. As for costing the employer more than just the salary, that's factored into the benefits which are also tax deductible. As are employee pension programs.

Having more employees DOES NOT SAVE YOU MONEY, the best you can hope for is to clam a training for unskilled employees where you do get a tax brake, and to do that they have to be low paid people or they question why you pay them so much.

No, having more employees does not, by itself, save you money. It does, however, reduce your taxable income. It's true that you can hire fewer employees, get taxed on the additional income, and still pocket a higher profit than you would get by hiring the employees. But the question before us is whether or not higher taxes prevent you from hiring employees. They don't. Because you're being taxed on the profit you pocket, not on money that would ever have been spent on employees.

There are a lot more things involved in having people work for you than most people understand, the above are just a few, employee theft is not tax deductible, loss due to employee sickness or breakage is not, you can get some tax brakes on customer theft only if you do not catch them in the process, employees you are expected to prosecute and unless it is a very large amount the cost of that is prohibitive.

You do realize that, if the employee actually stole from you and you have evidence, the prosecutor works for the government. You don't have to pay the prosecution. That's paid by our tax dollars. As for employee sickness or breakage? Sickness falls under benefits, and breakage falls under insurance plans. Both are tax deductible.

The more people you have working the more utilities you use, the more supervisory help you need and the higher your worker comp goes, the smaller the business the better off you are, and if you are smart you will only hire contract labor, then they have to pay for everything, no taxes, no workmans comp, no insurance.

Utilities are tax deductible. Workers comp is tax deductible. Supervisors benefits and wages are tax deductible. Insurance is tax deductible. Everything you're complaining about having to pay is tax deductible. The real reason you want to hire contract labor rather than actual employees has nothing to do with how high your taxes are. It's just that you want to pocket more of the profit yourself. You reveal it with your next statement:

Another way around all that if you have to have more than 5 people working for you is to hair part time only, lower wages, no overtime, no benefits other than workman’s comp.

This isn't about needing taxes to be lower so you can hire more help, is it?

You post with the link deserves a much closer look from me, but the one thing I did notice about it is that most of it refers to a home based business, throughout the listings it states “in your home business” I thank you for the post and I will look into it much closer and hope it is not just for Home Based Businesses.

With what I manufacture I have to pay a manufacturing tax just like farmers have to pay more for crops on their land if it is something the government deems we have enough of already, they actually pay them to not grow cretin types of crops, only unlike farmers they do not pay me to NOT make what I do.

Wildcard,

Some kinds of tax are clearly a burden on business. I don't understand the details of a manufacturing tax (I have only ever been in a service business), but if the requirement for SSI copays were lifted, for example, all businesses would have more money available to hire additional employees (or otherwise invest in growth).

The immediate topic of discussion, however is personal income tax, which does not directly burden business. It could be said, of course, to burden the employees, requiring them to have higher salaries to make ends meet, but the only increases that have ever been discussed are those on people making $300K (or wrt the health care bill $500K) or more, and then they are only marginal increases (that is, the additional few percent in tax applies only to the part of the salary over $300K or $500K).

Honestly, if there is a small business owner taking significantly more then $300K a year out of their business then it's a pretty big small business and it must be doing pretty well.

This is a (deliberate) red herring. The economy did better when we had higher marginal tax rates.

Back up your wild rant please with facts.......

I dare you.

How about the people who have shown they DO NOT WANT THIS, their numbers are not just a couple two or three.

If the ones who do want it have a right, so do the ones who do not.

This bill is unconstitutional, it is against the charter of the government and the constitution, The federal government shall not be in competition with private industry, I posted links on here a few days back showing numerous places where this thing is not constituently legal, just like social security taxes is against the constitution.

The right of the people to have a VOICE, (not a vote), VOICE in government, even Roosevelt and Taft fought over that one.

“When a government takes power away from it’s people and proceeds to dictate the wants and needs of those people, that government becomes a dictatorship over it’s people”

“The people of any free nation has the right to be heard by it’s leaders and the right to a response to their cries from those leaders”

“No free nation can stand that dictates to it’s people, it ceases to be free and becomes a dictatorship.”

These are quotes of our founding fathers, men who worked to set up a government WITH THE PEOPLE where ALL of the people had a say in its structure and running of it.

Lacking facts again....oh the bill passed !!! COOL

I don’t know, is it against THEIR constitution? Do they have a constitution like ours? Do they have a bill of rights lik ours? that's the point here, we are supposed to be a free nation with a working constitution and Bill of Rights.

Utterly meaningless statements... What does "working constitution" even mean? It has mechanical parts?

I am sure that if you had studied the Constitution in school you would understand that statement, the Constitution of The United States of America is indeed a working, living document.

It exhibits the life and soul of its writers, the hopes and dreams of a Nation and the founding truths of a people, it breaths through the very people of the Union and spans time and space with its genius and structure.

It reaches out the every man, woman and child with its promise of equality and solidarity as a nation built upon the fundamental belief that people of differing backgrounds and beliefs can stand as one Nation with a government serving all its people.

The Constitution is indeed a “working and living document” that does not serve one person or set of people but all its citizens with the same rights equated to each and every one of them.

Does it have “mechanical moving parts” in a since yes, it is the operations manual for a functioning set of legislative government appointed by its people to serve the country which is the mechanical moving part of it.

The very people themselves are a part of it as it is a part of them, it does indeed live and breathe for it is the very birth certificate of a Nation called The United States of America.

Blah, blah, blah

*Yawn*