11–20 of 44 posts
too little too late mister president. I agree with winterspeak in that what we need is severely reduced payroll taxes to stimulate aggregate demand.
How are they defining small business? There are quite a few definitions that exclude startups. Still, since I've spent the last few months hearing rumors about a bill allowing the president to seize any business that "threatens the economy," this is welcome news indeed.
"..the corporation must be engaged in a trade or business other than: one involving the performance of services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services or any other trade or business where the principal asset of the trade or business is the reputation or skill of one or more employees; a bank…
I imagine if they didn't exclude such, you'd have a rash of LLPs turning into C-Corps; not sure what other negative consequences they're hoping to prevent.
How are they defining small business? There are quite a few definitions that exclude startups. Still, since I've spent the last few months hearing rumors about a bill allowing the president to seize any business that "threatens the economy," this is welcome news indeed.
"..the corporation must be engaged in a trade or business other than: one involving the performance of services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services or any other trade or business where the principal asset of the trade or business is the reputation or skill of one or more employees; a bank…
too little too late mister president. I agree with winterspeak in that what we need is severely reduced payroll taxes to stimulate aggregate demand.
I think pretty much everyone who has thought seriously about things agrees with you, but how can they get political support for raising other taxes to at least offset the loss in revenue, and preferably help with the ridiculous deficits we'll be running for a while?
How are they defining small business? There are quite a few definitions that exclude startups. Still, since I've spent the last few months hearing rumors about a bill allowing the president to seize any business that "threatens the economy," this is welcome news indeed.
"..the corporation must be engaged in a trade or business other than: one involving the performance of services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services or any other trade or business where the principal asset of the trade or business is the reputation or skill of one or more employees; a bank…
Earlier quoted context omitted.
I think pretty much everyone who has thought seriously about things agrees with you, but how can they get political support for raising other taxes to at least offset the loss in revenue, and preferably help with the ridiculous deficits we'll be running for a while?
By not raising other taxes and cutting the massive government spending.
Earlier quoted context omitted.
I think pretty much everyone who has thought seriously about things agrees with you, but how can they get political support for raising other taxes to at least offset the loss in revenue, and preferably help with the ridiculous deficits we'll be running for a while?
By not raising other taxes and cutting the massive government spending.
Earlier quoted context omitted.
"..the corporation must be engaged in a trade or business other than: one involving the performance of services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, financial services, brokerage services or any other trade or business where the principal asset of the trade or business is the reputation or skill of one or more employees; a bank…
I don't see that as exclusionary; I read it as intending to exclude professional corporations, i.e. where you bill for time (performance of services) as opposed to charging for a product . I imagine if they didn't exclude such, you'd have a rash of LLPs turning into C-Corps; not sure what other negative consequences they're hoping to prevent.
too little too late mister president. I agree with winterspeak in that what we need is severely reduced payroll taxes to stimulate aggregate demand.
I'm the classic saver. I'm the individual who they want to spend more right now.
I'm saving because it's not a certainty that my contract will be renewed right now. I could very well end up living off the savings I'm accumulating right now.
If you reduce my payroll tax, I won't spend more. I'll save more. ___
If someone is unemployed, reducing the payroll tax is not going to change anything.
If someone is insecurely employed, they aren't going to change their spending habits, they will change their savings habits. There is no gain. That's most everyone right now!
Further, why is it going to help for me to buy more Saudi, Mexican, and Venezuelan gas, or buy more Chinese goods? It seems to me that providing a sales tax break for goods and services originated in the United States would provide a much better economic lift. (I don't know if this would be legal, however.)