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Small business optimism surges to highest level ever, topping previous record under Reagan

Taylor said:
Yes, I'm sure they seem that way to a lot of people who don't understand them. Like voodoo or magic.
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Keep shoving your foot further down your throat. Earns respect.
 
OldFatGuy said:
Keep shoving your foot further down your throat. Earns respect.
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Your position has been reduced to repeated ad hominem. It's probably best that you just run along now.
 
RetiredUSN said:
You really should keep your mouth shut instead of spewing ignorance.

I was a Sole Proprietor with a state contractors license...…….. and was licensed to operate my business in the 4 local cities.

Ask the IRS if I was a business...……...Geeees!
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Let me know when licensing and IRS designations improve your bottom line. I started side work contracting with no licenses, and used my SS # for two years before I formed my first Sub Chapter S corp. Regulations were easier to deal with then. Ended up with 7 distinct business corporations, I don't recall how many LLPs, before retiring, and more than 1,500 employees. I still hold interests in 4 of the corps, and I still don't know how many LLPs, LC's and LPs. I leave that to accounting staff, and just glance at the bottom lines.

Last time I went through a Federal tax audit, the auditors called it a day on the third day and about 15% progress, offering my tax attorney a teaching position. He offered his time for his usual retainer fees and they blanched.

He and I both use the Austrian economic definitions, you know, the basis of our tax code. 1 man entities are defined as contractors or investment vehicles. Do you understand why? And do you understand why that is an advantage for you?

Don't get so excited over minor semantics, it isn't healthy.
 
OldFatGuy said:
Let me know when licensing and IRS designations improve your bottom line. I started side work contracting with no licenses, and used my SS # for two years before I formed my first Sub Chapter S corp. Regulations were easier to deal with then. Ended up with 7 distinct business corporations, I don't recall how many LLPs, before retiring, and more than 1,500 employees. I still hold interests in 4 of the corps, and I still don't know how many LLPs, LC's and LPs. I leave that to accounting staff, and just glance at the bottom lines.

Last time I went through a Federal tax audit, the auditors called it a day on the third day and about 15% progress, offering my tax attorney a teaching position. He offered his time for his usual retainer fees and they blanched.

He and I both use the Austrian economic definitions, you know, the basis of our tax code. 1 man entities are defined as contractors or investment vehicles. Do you understand why? And do you understand why that is an advantage for you?

Don't get so excited over minor semantics, it isn't healthy.
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I don't care what you did,


You flat out lied when you said I wasn't a small business.
 
Sabre said:
As said, I do not lie, perhaps the only real liar here is the one quoted here. It always seems odd to me how lefties, when up against something they do not agree with, resort to personal insults and/or accusations of lying. But, I guess that's just what they do when they have nothing else yet want to make themselves seem relevant. Congratulations you are now number 3.
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You first posted this:

Sabre said:
Your alias seems to fit you perfect!
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I quoted it and responded which very soon after you edited your post to say this:

Sabre said:
Your "FAILED INTELLIGENTSIA!" seems to fit you perfect!
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Why lie about such a trivial thing?
 
RetiredUSN said:
I would prefer that you stick with the original statement that you made about small businesses not benefiting from the tax break they are getting for the next 5 years.
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I don't believe I placed a time period on the statement, and I don't feel like digging back. I think I'll stick with the concept that most won't have the income to enjoy the break.

Worse, my experience has taught me that when government attempts to micro manage the economy with tax rate manipulations, the laws of unintended consequence invoke their own twists on what follows. Similar to when the Fed raises rates to control inflation, and the result is greater inflation. :) Smoke and mirrors.

However, I'm beginning to suspect this is all moot. As I review Trump's actions, micromanaging the economy via tax manipulations is not his goal. Instead, I see him pulling a surprise attack on liberal democrat and well as republican policies of the income and business tax systems that have evolved since WWI, and slightly before. He's seeking to lay the groundwork for eliminating what we commonly call progressive taxation. I suggest he wants the US to revert toward our original forms of Federal revenue raising, through tariffs, leasing of Federal lands for mineral and otter resource income, simultaneously shifting Federal governance away from its massive controls over everyday life, including entitlements, revenue sharing, and so forth. His trade war, smoke to hide his real goals. A massive shift in the roles of Federal governance, mostly toward defense and resource management, a minimization of Federal governance roles everywhere else. Exactly what conservatives claimed they wanted. Obama was right when he said "Don't underestimate this guy." He's as shrewd as they come. Distracting those who would oppose him if they understood what he was doing, with a circus for the mob.

For anyone who thinks I'm mistaken, take note, the oil companies are already chafing at his demands for a 25% return to the Federal government for any new offshore deep water oil drilling leases in deep water. Previous administration were asking for 3-4%. Mining and timber companies who work Federal lands are seeing similar demands for new and renewed leases. He doesn't need congressional approvals for any of these moves, the provenance of the Department of Interior, entirely his to manage and execute by his orders. Fascinating. Not a peep in the media. Environmentalists should be thrilled. It means a true end to the laissez faire management of Federal controlled resources in favor of sustainability for maximum returns. Holy Batman!

If I am correct, he'll have executed the foundation for these shifts within the next 18 months, and it will be too late to reverse the course and still not understood by the opposition.
 
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