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

AliHajiSheik said:
Prove it. Where in the tax code is this a deductible business expense?
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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.

MaggieD said:
If you don't understand legitimate business expenses, no one can help you. Advertising/Promotion is a tax-deductible expense.
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darn you beat me. but in anycase hajisheik is confused, as this is indeed a deductable expense.

Green Balls said:
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.
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dang beaten by 2 people.
 
roflpublican said:
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.
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Excellent point. If he were giving away a million dollars instead of pizza, though, he would be able to deduct the million.
 
MaggieD said:
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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i'm not too familiar with giving away money, is that really deductable?
 
roflpublican said:
i'm not too familiar with giving away money, is that really deductable?
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I sure think so. If it's for promotion, it would be deductible. Also think charitable contributions through a business. Same idea.
 
MaggieD said:
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?

.
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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.
 
mike2810 said:
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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No, not class envy. I'm the furthest away from that. I might find it appropriate to do that, especially as you have outlined it, but I wouldn't be vocal about it. I'd just do it. Sometimes I don't think people realize "how things look. And, as we know, perception is everything.
 
sharon said:
Christie Leaning on Tax Subsidies in Hunt for Jobs

By CHARLES V. BAGLI

Published: April 4, 2012
Panasonic received $102.4 million in tax credits to move its headquarters nine miles within New Jersey. Goya Foods picked up $81.9 million in credits to build offices and a warehouse in Jersey City, two miles from its current complex. Prudential Insurance obtained $250.8 million to move a few blocks to a new tower in Newark.

continued.

Christie Gives New Jersey Firms Tax Breaks for Short Moves - NYTimes.com
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Exactly what my invisible text stated... tax breaks and other breaks.

Now, if that works to attract business, why not remove the massive burdens on business across the nation? Why not loosen up the cash flow by making the environment business friendly? That is not what Parasite Nation does. It penalizes and complicates.
 
So to reiterate about the tax deduction for promotions, we all ended up paying for those pizzas whether we got one or not.
 
JohnWOlin said:
because hey, they can offer a million free pizzas for a promotion and the CEO has a ****ing moat around his mansion but he'll be godddamned if he has to help his employees out.
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This was on Maher about a month ago. He is all bend out of shape because he will be forced to raise the price of his pizza's 15 cents. Ohh the horror, Maybe he should drowned himself in his private lake after golfing on his private course.
 
JohnWOlin said:
So giving people insurance makes people parasites? I think you don't understand what the definition of parasite is. Am I a parasite because I get insurance at my 40-60 hour week job? Does that ten hours really make people parasites?
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My problem with this whole deal is this why should the man who along with his franchise owners risked their own money with NO guarantees should GIVE his employees anything other than what they agreed to? He DIDNT have ANY guarantees he would make any money with his business, there still isnt in fact. But he should be FORCED by popular vote to GIVE his employees, who may leave at ANY time they, desire health insurance? Thats in my opinion, bull****. By the way its one of the reason I dont use employees I use sub contractors. Its easier for me to relate to them as they know EXCATLY what I am dealing with.
 
Green Balls said:
So to reiterate about the tax deduction for promotions, we all ended up paying for those pizzas whether we got one or not.
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So in your opinion should a business deduct anything on their tax returns?
 
zimmer said:
He built that.

He can market as he wants. And since when has Parasite Nation been against getting stuff at the cost of others?
When it's private business? Seems so.

He built that.

I love it when Parasite Nation reveals itself.

So many parasites, so little time.
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still feeling a little raw from election night eh??
 
zimmer said:
Obama's Vagina Monologues and idiots who fear Creationists trumped Common Sense.

1992: It's the economy Stupid.
2012: What's an economy? 8% Unemployment... Koooool.... Hey! Where's my free sheet man? Where's Para-sita-claus?

Welcome to Parasite Nation
It's not what your country can do for you,
it's what your country can thieve for you... doo-dah, doo-dah...


Commercial Interlude
Support your Parasite Nation.
Demand someone pay for your crapola today!
Because... They didn't build that.

Brought to you by the Union Of Soviet Socialists of Amerika.

Legal Disclaimer:
We do not take responsibility
for failures due to socialism.
Next time elect a leader who
can implement the system.
Suckers.
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Take this for what its worth from a man who knows the pizza business as well as anyone does....John Schatner is full of Schat...its window dressing.
Decent Pizza makers and kitchen help are hard to find...there is no shortage of work for the good ones...cut their hours and cut your throat.
Papa Johns like any other business...when they are selling pizzas and need workers to service their customers...THEY HIRE and they pay the going freight to get the employees...when they are selling less pizzas they dont hire...simple arithmatic that NEVER changes...
 
VanceMack said:
That doesn't answer the concerned question though. Do you pay for your insurance as a component of a fair and equitable compensation package or was your employer "forced" to pay for it?
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It's a regulation man. You don't see the guy bitching that he can't use dog food on his pizzas and all his food has to be guaranteed safe for consumption. It is simply him wanting to whine and bitch over something that has no significant impact on his bottom line.
 
PirateMk1 said:
My problem with this whole deal is this why should the man who along with his franchise owners risked their own money with NO guarantees should GIVE his employees anything other than what they agreed to? He DIDNT have ANY guarantees he would make any money with his business, there still isnt in fact. But he should be FORCED by popular vote to GIVE his employees, who may leave at ANY time they, desire health insurance? Thats in my opinion, bull****. By the way its one of the reason I dont use employees I use sub contractors. Its easier for me to relate to them as they know EXCATLY what I am dealing with.
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Exactly why should your employees feel safe and secure at their jobs, lets just do the minimum possible as long as they can turn a buck.
 
MaggieD said:
Gads, I thought for a minute you were The Professor. ;)

It used to be that a "full-time employee" was someone who worked 20 hours a week, in order to avoid companies instituting pension plans for themselves and being able to exempt their employees. (If you paid holidays or vacation days, those hours were included.) Somewhere along the line, that hourly number was changed to 30. (Must have been Republicans who did that. Ha!)

That number will have to go back to 30 hours a week or most smallish businesses will cut staff hours back to avoid Obamacare. Can't say as I blame them. Obamacare's going to need much tweaking. Whenever we find out exactly what's in it. :rofl
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I have worked in health care too long to believe we do not need some kind of national health care policy for people who work but can't get insurance through their employers. A a national policy that they could purchase at a reasonable price would have been better than laying it onto the backs of small business. This maneuver alone makes it abundantly clear that Obama does not understand that commerce is the foundation of the American economy. Or that he does understand it and wants to destroy it. Take you pick. Those of us who have any sense knew electing Obama would be a disaster for this country.
 
JohnWOlin said:
Exactly why should your employees feel safe and secure at their jobs, lets just do the minimum possible as long as they can turn a buck.
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I dont have employees for excatly that reason, I prefer to work with business men and women. And you didnt answer the question.
 
PirateMk1 said:
So in your opinion should a business deduct anything on their tax returns?
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It's a double-edge sword. If you cut the tax breaks for advertising, there would be less advertising and eventually no television. Meanwhile, the taxpayer has to pick up the tab and we're expected to buy the advertised products, so we end up paying twice (through tax cuts and purchasing). The system has been in place too long to make a change.
 
Maenad said:
I have worked in health care too long to believe we do not need some kind of national health care policy for people who work but can't get insurance through their employers. A a national policy that they could purchase at a reasonable price would have been better than laying it onto the backs of small business. This maneuver alone makes it abundantly clear that Obama does not understand that commerce is the foundation of the American economy. Or that he does understand it and wants to destroy it. Take you pick. Those of us who have any sense knew electing Obama would be a disaster for this country.
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Well, if one takes the position that healthcare costs are part of an employee's compensation package, then one must also say that healthcare costs are, in actuality, paid for by the employee. So, then, the worst one could say is that employers are now forced to give their employees raises. I wonder how many employers with over 50 employees all working over 30 hours a week actually don't provide any kind of healthcare for them. It'd have to say they're in the minority, although I may be wrong.

Of course, those companies could, sans contract, just lower everyone's wages to cover the new cost of healthcare. Nothing saying they couldn't...
 
Fisher said:
I would do just that but ours is in the "liberal" part of town and I would hate to get mugged by them twice in the same week.
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If you're getting mugged, it ain't liberals.
 
The premise of this thread can be defined with one movie title:

ChickenLittleWallpaper1024.jpg
 
MaggieD said:
Well, if one takes the position that healthcare costs are part of an employee's compensation package, then one must also say that healthcare costs are, in actuality, paid for by the employee. So, then, the worst one could say is that employers are now forced to give their employees raises. I wonder how many employers with over 50 employees all working over 30 hours a week actually don't provide any kind of healthcare for them. It'd have to say they're in the minority, although I may be wrong.

Of course, those companies could, sans contract, just lower everyone's wages to cover the new cost of healthcare. Nothing saying they couldn't...
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Most people don't understand insurance underwriting. Large companies like AT&T actually underwrite the cost of their employees health care....that means they pay it all, and their insurance companies only administer the program. It works that way in government too. Employers are not just paying 'premiums.' Large employers are paying the whole bill. Small employers don't have the options that large corporations or the federal/state governments have. This will hurt them. Many will just go out of business. The owner of 9 personal care homes in this area is doing just that. This is going to leave a lot of people, employees and those cared for in a world of hurt! Most of the employers in the country will be big corporations.

The only way to survive is for many small businesses to ban together and form large businesses, like many doctors and hospitals did in TN back in the 90s when TennCare hit. But most won't.
 
Maenad said:
Most people don't understand insurance underwriting. Large companies like AT&T actually underwrite the cost of their employees health care....that means they pay it all, and their insurance companies only administer the program. It works that way in government too. Employers are not just paying 'premiums.' Large employers are paying the whole bill. Small employers don't have the options that large corporations or the federal/state governments have. This will hurt them. Many will just go out of business. The owner of 9 personal care homes in this area is doing just that. This is going to leave a lot of people, employees and those cared for in a world of hurt! Most of the employers in the country will be big corporations.

The only way to survive is for many small businesses to ban together and form large businesses, like many doctors and hospitals did in TN back in the 90s when TennCare hit. But most won't.
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I am surprised to hear this. Can you show us where you read this?
 
Hatuey said:
I am surprised to hear this. Can you show us where you read this?
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My late husband worked for AT&T. Althought I still work, I am retired from a state government. It is common knowledge to those of us covered under those plans. I worked for a private company that provided medical providers to prisons. They underwrote their own health insurance and didn't let us forget it for a minute!
 
Maenad said:
My late husband worked for AT&T. Althought I still work, I am retired from a state government. It is common knowledge to those of us covered under those plans.
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Hm, so then you should have no problem finding any documentation validating this. Can you show us a source for it?
 
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