• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Michele Bachmann announces presidential campaign

BDBoop said:
enhanced-buzz-6328-1271095591-8.jpg
Click to expand...

Do you have a comment to make?
 
Grant said:
Yeah, it's a good photo but Leftists often show their reluctance to actually debate the issues, preferring a more hit and run strategy.
Click to expand...
I have been accused of...what was the term...oh, rock sniper. :)
 
Misterveritis said:
You may be coming late to the game. A company that is losing money is not profitable. Never mind. Why should I even bother...?
Click to expand...

Can the company cover it's loses without falling into bankruptcy?

Some quarters you show gains, some you show losses... when you show losses your company is never suddenly incapable of turning a profit.

I won't recant my words, because they are not wrong. I know they are not. You guys want to act like I am some kind of idiot who doesn't know **** about economics, and you wouldn't be more wrong. All you can do is keep repeating the same **** because it sounds right to you, but you're not thinking very deeply about economic issues. That's obvious to me. If deciding profit was so damn easy to predict then everybody would ****ing work on Wall St. and be wealthy.

It's very ironic you and the other poster were saying I was ill informed.
 
Last edited:
apdst said:
Aren't you supposed to be an accountant? You don't know the difference between a loss and an expense?
Click to expand...

Yeah, I did more tax accounting before... and I think it was you who argued with me that a company can't get a tax refund. I don't understand why you constantly think you know more about my profession than me, and this is no exception. lol. I have calculated losses for many companies. There are hundreds of different losses a company can have, and when a company has a loss, it's not automatically incapable of making a profit. Some losses can even result in a company receiving a tax credit. :prof
 
SheWolf said:
Yeah, I did more tax accounting before... and I think it was you who argued with me that a company can't get a tax refund. I don't understand why you constantly think you know more about my profession than me, and this is no exception. lol. I have calculated losses for many companies. There are hundreds of different losses a company can have, and when a company has a loss, it's not automatically incapable of making a profit. :prof
Click to expand...

I think I said that the only way for a coporation to get a refund was to pay too much in taxes.

Some losses can even result in a company receiving a tax credit.
Click to expand...

That's not a loss, it's a deduction.
 
j-mac said:
"It's all Bush's fault"......


BTW, isn't it wonderful how the liberals, and those libs afraid to actually announce "liberal" in their "lean" heading,
j-mac
Click to expand...

Afraid of what? This is a two bit political forum in which nobody puts a photo of themselves , nor puts their real names, or even their home addresses and phone numbers.
What to be considered ballsy: Place your real name and address. Then you can thump your chest.
 
apdst said:
I think I said that the only way for a coporation to get a refund was to pay too much in taxes.



That's not a loss, it's a deduction.
Click to expand...

I am taking about a loss, not a deduction... Line 12 on the 1040 form. look it up... Seriously, why are you trying to school me about my own profession?
 
SheWolf said:
I am taking about a loss, not a deduction... Line 12 on the 1040 form. look it up... Seriously, why are you trying to school me about my own profession?
Click to expand...

Out of couriosity, what business are you referring to by quoting the "Line 12 on the 1040 form"?
Sole Proprietorship….Partnership….C Corporation……S Corporation…..Limited Liability Company?
 
stealthy said:
What a repulsive comment.
Click to expand...

It's funny how people can watch a person get kicked all over the forum, but let her make a comment they disagree with, and that's 'repulsive'.
 
Redbeard said:
Out of couriosity, what business are you referring to by quoting the "Line 12 on the 1040 form"?
Sole Proprietorship….Partnership….C Corporation……S Corporation…..Limited Liability Company?
Click to expand...

And out of curiosity - what was that word you were trying to spell?
 
Redbeard said:
Out of couriosity, what business are you referring to by quoting the "Line 12 on the 1040 form"?
Sole Proprietorship….Partnership….C Corporation……S Corporation…..Limited Liability Company?
Click to expand...

1040s can be used by sole proprietors, partnerships, and most llcs depending on the amount of owners. S corp and C corp use different forms.
 
SheWolf said:
1040s can be used by sole proprietors, partnerships, and most llcs depending on the amount of owners. S corp and C corp use different forms.
Click to expand...

Thank you for the respectful response.
 
SheWolf said:
I am taking about a loss, not a deduction... Line 12 on the 1040 form. look it up... Seriously, why are you trying to school me about my own profession?
Click to expand...

Because you don't sound like a very good accountant, if you think a tax credit is a, "loss".
 
apdst said:
Because you don't sound like a very good accountant, if you think a tax credit is a, "loss".
Click to expand...

Now you are just twisting my words... :roll:
 
apdst said:
Why do you hate women who are successful?
Click to expand...

Huh? I don't. I work hard for my money and about to pay off a house so why the hell would you ask me that? BTW, I did not have to have 19 Brats or marry a up a fundie to get that done. I did all by myself:)
 
I'll put it another why.

How can a company have losses but still be profitable?

Because there are hundreds of different losses a company can have. Large companies that are publicly traded, and hand financial statements over to investors, can report losses in certain depts but not for the entire company. It isn't rare for a dept or division of a company to be less profitable then others. A company can report a loss in an investment... as investing a new dept or division or investing in new technology or equipment, but still be profitable as a company. A company can report a loss in certain accounts, such as sales accounts... ex. sales are down 30 percent, but still be profitable over all as a company.

A company can report dozens of losses in various accounts, investments, divisions, etc., but still be profitable as a company. And in fact, that isn't uncommon to see... nor is that a reason for companies to panic. They'll usually employ cost accountants, analysts, and marketing people to set goals and create future growth strategies for struggling depts. If it's determined it's more profitable to scrap the program than try to turn it around, then the company will scrap it.

You guys heard that they are reporting losses and immediately determined that they are not profitable, which is simply flawed.
 
You must log in or register to reply here.
Back
Top Bottom