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Thread: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by zimmer View Post
    Obama's Vagina Monologues and idiots who fear Creationists trumped Common Sense.

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    Wouldn't you be embarrassed to say you had to cut employee hours rather than pay for their healthcare if you lived where the owner of Papa John's does?

    This large and over the top mansion is owned by the founder and CEO of Papa John’s, John Schnatter. The house is 40,000 square feet and it resembles a castle. One interesting feature on this 16-acre estate is the 22-car underground garage, complete with an office for valet parking, a car wash and even a motorized turn table to move limousines. The home also has a state-of-the-art exercise suite and a huge 6,000 square foot carriage house. Unfortunately, there wasn’t any information on the inside of this interesting estate.
    Aerial photo here: Papa John doesn’t want you to have health care, lives in 40K square foot home, 22 car garage, underpays his employees | FreakOutNation

    Edit: I say that because, as someone who's had a number of full- and part-time employees, I would be.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by rocket88 View Post
    I'd agree with that, except that the solution shouldn't be making healthcare a privilege.
    Government involvement in healthcare is what makes it so much more expensive or inefficient. The best example of free market healthcare is plastic surgery, which is not covered by most plans. This has led to large reductions in cost in that industry. If you want to help people who can't afford healthcare, sure, but overall healthcare costs and efficiency would be much better if largely left to the market.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by AliHajiSheik View Post
    Prove it. Where in the tax code is this a deductible business expense?
    I'll have to dig a bit further for proof, but this link states it in general:
    Qualifying Deductions
    Other than unnamed and anonymous efforts, a business can deduct most of its advertising and promotional expenses from its taxable income. This includes outdoor advertising; fees for TV, radio and online marketing; costs associated with using advertising agencies or marketing firms; and the costs of copyrighting ads, logos and marketing slogans. Other promotional expenses that are deductible include printing business cards with company logos, printing fliers, holding special events for customers, sponsoring sports teams and making donations that result in public recognition.
    Tax Deductions for Advertising & Promotion Costs

    I have to get my lawn mowed today, so I'll have to wait until later to find it in the tax code.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by notquiteright View Post
    He ups his price by 14 cents and voila he has restored the sacred profit margin. Hell do some 'new and improved' BS and raise the price 24 cents.

    This isn't about a profit margin, this is about a wealthy man hurting his employees to make a spiteful political statement.
    When a new law is passed that raises costs on employers, those employers are going to pass the cost onto someone else. They can either raise prices or reduce the amount they pay for employees. Businesses are out to make a profit. To expect them to react to rising costs in any other manner is dumb.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by AliHajiSheik View Post
    Prove it. Where in the tax code is this a deductible business expense?
    If you don't understand legitimate business expenses, no one can help you. Advertising/Promotion is a tax-deductible expense.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by AliHajiSheik View Post
    Prove it. Where in the tax code is this a deductible business expense?
    it's a deductable expense. however, when you do a promotional giveaway, you can only deduct the cost of the ingredients/materials you used to make the item you're giving away, not the 'retail' price.

    so yes, papa johns did, or could have, legally deducted whatever the cost of the raw materials to make their pizzas are.

    Quote Originally Posted by MaggieD View Post
    If you don't understand legitimate business expenses, no one can help you. Advertising/Promotion is a tax-deductible expense.

    darn you beat me. but in anycase hajisheik is confused, as this is indeed a deductable expense.

    Quote Originally Posted by Green Balls View Post
    I'll have to dig a bit further for proof, but this link states it in general:

    Tax Deductions for Advertising & Promotion Costs

    I have to get my lawn mowed today, so I'll have to wait until later to find it in the tax code.

    dang beaten by 2 people.

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by roflpublican View Post
    it's a deductable expense. however, when you do a promotional giveaway, you can only deduct the cost of the ingredients/materials you used to make the item you're giving away, not the 'retail' price.

    so yes, papa johns did, or could have, legally deducted whatever the cost of the raw materials to make their pizzas are.

    darn you beat me. but in anycase hajisheik is confused, as this is indeed a deductable expense.
    Excellent point. If he were giving away a million dollars instead of pizza, though, he would be able to deduct the million.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by MaggieD View Post
    Excellent point. If he were giving away a million dollars instead of pizza, though, he would be able to deduct the million.
    i'm not too familiar with giving away money, is that really deductable?

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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by roflpublican View Post
    i'm not too familiar with giving away money, is that really deductable?
    I sure think so. If it's for promotion, it would be deductible. Also think charitable contributions through a business. Same idea.
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    re: Papa John's CEO: Obamacare likely to raise costs, employee's hours being cut [W:387]

    Quote Originally Posted by MaggieD View Post
    Wouldn't you be embarrassed to say you had to cut employee hours rather than pay for their healthcare if you lived where the owner of Papa John's does?

    .
    That is a loaded question. It depends on the financial impact of paying health care for all qualifying employees to the company?
    If by paying for health insurance it substantially lowered the value of the company, forced the company to raise prices of the product to where they lost major market share, if the company could not reasonalbly absorb the cost of hc without changing the employee mix (full/part time). Then no. If I was the CEO I would not be embarrassed.

    I also think the link to his house is showing class envy?

    Health care has a cost. To receive care, it has a cost that someone is going to have to pay for. For companies , it may mean the consumer is going to pay more for the product/service or change its workforce. For the govt (Federal or State), it may mean paying more taxes in some form.

    (on a side note, it is interesting how the talk of the "rich" should pay more taxes has evolved from millionaires to people making over $200,000). In the end, those that work will end up paying for the AHC.

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