- Feb 19, 2005
- Reaction score
- in the middle of America
- Political Leaning
Justathought said:I understand what you are saying but you have two issues....take home pay or gross earnings. You also state well the issue of small businesses and the problems they face. The larger issue of Exxon is just as important as the issues you are concerned with as a prior small business owner.
1. The issue of take home pay versus gross earnings is really not the same. Your take home pay is after individual taxes are taken out and your gross earnings are before these deductions happen. If your take home pay ends up to be $90,000 after deductions, your establishment must have made a huge profit. As a small business owner I would not be weeping or concerned of having to lay off an employee because your individual taxes gave you less money for your personal use.
2. If you are dependent on your salary to keep your business alive something is wrong. A small business should have a profit after your salary and employee deductions. You do not pay your employees or their insurance or other benefits from your salary (at least the small business owners I know do not) but this is deducted from your profit scale as is other costs. A small business owner is quite aware of this before hiring other employees let alone attempting to start a small business....if you want a large take home pay for yourself don't hire...if you can settle with a smaller take home pay then hire. If your small business will not make a profit and thus all costs come out of your salary, maybe a small business establishment is not the way to go.
3. As to Exxon, this is directly related to the Bush mumble jumble plan and should be looked at in all its potential failures. Thousands of Exxon employees lost everything through the 401k plan that placed their funds in the stock market....then Exxon stock crashed as a result of scamming and bilking the company of millions. Where is this type of scenario placed in the Bush plan as a probability or a possibility.
First, before I answer your quoted text let me say KUDOS to PACRIDGE. I couldn't agree more about those "rich folks" the likes of Bush and Cheney. Don't forget the Clintons, Teddy Kennedy, John Kerry, John Edwards and also remember that the richest politicians that are contained inside the beltway are Democrats and not Republicans. Of course, class warfare within politics is counterproductive for all concerned because it doesn't address JOB CREATION which still goes unanswered here by those who love taxes on the rich or redistribution which both are job killers. Guess I'm just whistling down an empty hallway. Done that before but, I like to mention both Democrats and Republicans because they all share blame, not just the party you don't like.
And let me put this out there: The President proposes and the Congress passes or fails. Kind of means that the President needs to work with Congress as he has proposed. They should also work with him. That equals doing the work of the people. Elections are something else.
And JUSTATHOUGHT, let me put it this way.
1. "The issue of take home pay versus gross earnings is really not the same", your quote - Your gross earnings if you are a small business owner is all the business brings in. Then you deduct your expenses. What is left over is your salary and, even if you cut yourself a paycheck that is less than your business net, you still pay taxes on the remainder each and every year. You may not worry, as a small business owner if you lose personal income but when you look at your expenses and realize that you are also a target for law suit or other unforseen expense you have to be concerned. You are not looking at withholding but rather at quarterly taxes and then more by the next April 15th.
2. "If you are dependent on your salary to keep your business alive something is wrong", your quote - AND, if this is what you know of money earned in a small business, you know little. I hope you aren't getting help with your posts from those small business owners you seem to know because they don't seem to know gross - expense = net from which comes your salary or is just taken as your profit as profit = earnings. Anything you pay, whether it is required (Worker's Comp Ins.) or voluntary (Health Ins contribution) comes out of the gross and decreases the net. You say, "if you want a large take home pay for yourself don't hire". Rediculous!!! You hire based upon making as much profit as you can. You expand based upon making as much profit as you can. And, may I say with a straight face? IF YOU DON'T MAKE A PROFIT YOU HAVE NO SALARY!!! Sheesh, do you know anything about small business or even basic economics?
3. "the Bush mumble jumble plan", your quote - Could this "mumble Jumble plan" be the plan that President Bush wants to formulate along with the help of the Democrats and Republicans that currently hold office? May I ask? Do you think the only way to help the Social Security crisis/problem is to take more money out of the pockets of rich or medium income Americans? Are you saying that if you take millions of dollars out of the pockets of citizens of towns, cities and counties that those local markets will not suffer from loss of tax base? Let's see? You don't want the private sector to have more money unless they give it to the government so the government can give it to someone else who doesn't have as much? And you believe that government (as long as it isn't President Buish) will know how to use that money better than the worker and his heirs? Gosh, you must be an imigrant from Uzbekistan. Get and read the pamphlet from the Small Business Administration while you're at it and get those friends you reference that are in small business themselves to read it too. You could save their businesses.
In closing, be sure not to take me serious, nothing personal meant here except that you don't seem to understand what you're saying but, I do that too sometimes; you know, human? ~~~