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Thread: Obama to propose $1.5 trillion in new tax revenue

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    Businesses are not going to hire more workers with the current economic conditions but as usual you focus on the big businesses, not the small businesses which hire 80% of the workers. The small businesses are hit the hardest by Obama economic policy, the big businesses will just do more with less thank to technology.
    It is the same with both. If there is a customer, there will be a service. Taxes play little to no role. Business, big or small, will step up if there is a need to do so.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by winston53660 View Post
    One reason they do not need people is that technology has replaced people. Look at a company like Facebook with a market valuation in the 10's of billions. Guess how many people they employ..............2,500

    For such a self-proclaimed business expert you should be aware of things like this.
    And how many employees do you think they should have?

    Fifteen years ago they had no employees but someone started a business and created employment and a great deal of wealth. How much wealth has the Department of Energy ever created?

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Grant View Post
    And how many employees do you think they should have?
    2500

    Fifteen years ago they had no employees but someone started a business and created employment and a great deal of wealth. How much wealth has the Department of Energy ever created?
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    It is the same with both. If there is a customer, there will be a service. Taxes play little to no role. Business, big or small, will step up if there is a need to do so.
    What is your experience in running a business? You are absolutely wrong about taxes not playing a role in business especially small businesses. There are many different taxes that business pays and you are naive to believe they don't play a role. Obama has created such uncertainty that no small business is going to hire people based upon that uncertaintly. Until you put yourself in that position all the book smarts in the world aren't going to create credibility.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Boo Radley View Post
    Don't know if you did or didn't, but I'm corect about what I said. Business isn't waiting around on the president if they ahve customwers. Sorry, but you're wrong.
    Oh, but they are waiting around, the world economy sucks, the DOW lost 700 points in the last two days on fears of a weaker economy abroad and at home. The uncertainty of our tax policy, Obamacare, more regulations are all sucking the wind out of businesses to do anything except wait and see. Businesses are not growing or expanding, proof is the consistent unemployment rate. Now I'm sure there are some businesses that are gaining customers but they are doing without new employees because tomorrow these new customers may be gone because of the items I described. Businesses need stability, and in today's environment there is none.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    What is your experience in running a business? You are absolutely wrong about taxes not playing a role in business especially small businesses. There are many different taxes that business pays and you are naive to believe they don't play a role. Obama has created such uncertainty that no small business is going to hire people based upon that uncertaintly. Until you put yourself in that position all the book smarts in the world aren't going to create credibility.
    what was your experience? you didnt make the big decisions, you didnt produce any products or provide any service, you were a low level lackey who took orders from the higher ups....your misrepresenting yourself...

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    What is your experience in running a business? You are absolutely wrong about taxes not playing a role in business especially small businesses. There are many different taxes that business pays and you are naive to believe they don't play a role. Obama has created such uncertainty that no small business is going to hire people based upon that uncertaintly. Until you put yourself in that position all the book smarts in the world aren't going to create credibility.
    You just love to paint with a broad brush don't ya.

    Owner of Prestige Limousines, Inc., in Boca Raton, Fla.

    I own a limousine company in Florida and I service three areas: Dade County, Broward County and Palm Beach County. All three counties have their own charter and their own regulations for limo companies.
    We will start with Miami, which is Dade County. You have to buy a permit, which costs anywhere from $10,000 to $15,000. Once you acquire that permit, you have to find a vehicle to put that permit on. And it has to be no older than five years old. Once that car is five years old, you have to go out and buy a new one, no matter what kind of condition you keep it in.

    You have to get the car inspected every year. And you have to renew the luxury sedan permit every year. It would be better if you could buy just one permit for your entire fleet. But you have to buy one for each car and each car permit costs $675.

    In addition to county regulations, I also have to deal with federal ones, which come from the Department of Transportation. I have a bus and the driver has to get certified under the DOT. The driver also has to get a commercial driver's license, which costs $300.
    Keeping compliant is a full-time job for me. That is what I do. That is all I do. There is a huge responsibility when it comes to the regulations here in South Florida.
    It is not something that you can pass on to staff members because if they mess up, you can get fined for not being in compliance. And the fines are very, very steep. The DOT can also shut you down.

    Regulation nightmares - Keeping compliant is a full-time job (2) - CNNMoney
    The bolded above are LOCAL regulations on small business.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by winston53660 View Post
    You just love to paint with a broad brush don't ya.



    The bolded above are LOCAL regulations on small business.
    on top of those comes the Federal regulations so why the duplication and why the Federal micromanaging.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    For the most part this discussion is an arguement between two neighbors who have just been through a tornado, have had both of their houses destroyed and they are argueing over one of their dogs crapping in the others yard.

    The problem is the deficit. No amount of tax increases will solve that. I've argued over and over that all taxes should be taxed as income. That would force the Buffetts to pay a good bit more in taxes......again though, nowhere do I see that proposed. We then argue about raising the income tax rate on the rich when many of them have little to no actual income. You could raise the rate to 90% of everything over $100,000 and Buffett isn't even going to notice.

    The problem will remain the deficit. I would give Obama a tax increase over $250,000. It's not really going to amount to a hill of beans, but it has to be combined with a real deficit program that starts NOW. Not at some hopeful time in the future. Sure, it's going to hurt but it's the only answer.

    But yeah, continue argueing over whose dog crapped in the yard.
    Last edited by 1Perry; 09-22-11 at 03:12 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Conservative View Post
    on top of those comes the Federal regulations so why the duplication and why the Federal micromanaging.
    The fed regulation mentioned in the article was licensing DOT required of a bus driver, 300 bucks.

    I don't think that is a giant hurdle and can see a need for that.

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