Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France
Last night in my poker game - I play with a few doctors.

They all have their own seperate offices and clinics, so I playing with about 8 other business owners.  All of us will be looking forward to an increase in tax when Obama comes aboard.  So here's some quotes for you to consider:

"I'm going to fire two employees if Obama wins.  I can't afford to have these people on staff if the tax increases.  I will actually make more money if I'm in the lower tax bracket.  So I'm going to only work four days a week."

"The healthcare issue is really going to screw us over.  Insurance right now is renegotiating everything already.  With Nationalized health care we're going to see the fees be negotiated even further.  Dealing with the slow-pay of medicare is enough already.  You can't tell me the new system will be anything but slower."

"It was hard enough motivating myself to work 1/3 of the year and give that all to the government.  I'm not looking forward to working a half a year for free."

"I think I might open a clinic on the Canada side of Niagra Falls.  Get married, fuck, and then I'll check your eyes.  Then you can go back to Buffalo, hitched & sticky with glasses, and end up paying less for the whole thing.  I'll have more money that way too."

"Well at least if Obama wins I will see more patients, since healthcare will be universal.  But I'm already booked solid year round, so it looks like they'll just be paying me less and slower."

"I guess I'm unAmerican because I don't want to pay more tax."



As per usual, I was silent.  I don't discuss politics with friends.  Yes, these are doctors.  Yes, they are rich.  Yes, they all have their own businesses.  So do you see the issues of being self-employed within this wonderful election we are having?

Discuss
God Save the Queen
Banned
+628|6648|tropical regions of london
youre friends dont like paying taxes?  tell them fuck you from me.  Taxes are paying for my education.
13rin
Member
+977|6784
Obama really doesn't care about those people.  In his eyes, they are all making too much money as it is and screwing "the less fortunate" over.
I stood in line for four hours. They better give me a Wal-Mart gift card, or something.  - Rodney Booker, Job Fair attendee.
Mekstizzle
WALKER
+3,611|6926|London, England
It amazes me how many people here are rich or have super rich businesses. From what I've seen, only the rich are screwed over by Obamas policies. From what I know, most of America isn't rich.

It looks like most people here on bf2s are the rich kind of folk that would be better off under McCain than Obama.
13rin
Member
+977|6784

Mek-Stizzle wrote:

It amazes me how many people here are rich or have super rich businesses. From what I've seen, only the rich are screwed over by Obamas policies. From what I know, most of America isn't rich.

It looks like most people here on bf2s are the rich kind of folk that would be better off under McCain than Obama.
No, the poor & middle class would too eventually be screwed over.  Obama's just got to get his foot in the door.
I stood in line for four hours. They better give me a Wal-Mart gift card, or something.  - Rodney Booker, Job Fair attendee.
oChaos.Haze
Member
+90|6743
Then the doctors you play poker with are idiots.  Go to any hospital in the country and you will soon learn we already have nationalized health care.  You already pay for everyone who can't afford it, and have been doing so for years. 

Every person in the medical field that I know LOVES Obama.  Now maybe you play poker with private practice assdweebs who got into medicine for the money and the chicks, but out of the countless docs and nurses I know, every one of them is for Obama. 

And please tell me how the lower and middle classes would eventually be screwed over.  I'd love to see where in his plan he says, "Oh and let us not forget to tax the shit out of people who have no money."  This is such an irrational extrapolation.

I hope you at least take their money everytime you play, because they obviously aren't the brightest of the bunch, hence why they are in private practice in the first place.

Last edited by oChaos.Haze (2008-10-17 09:59:28)

ghettoperson
Member
+1,943|6954

DBBrinson1 wrote:

Obama really doesn't care about those people.  In his eyes, they are all making too much money as it is and screwing "the less fortunate" over.
McCain doesn't care about the lower and middle class. At least, going on his tax cuts. Or perhaps in fact Obama merely has a better way to pay for things that have to be paid for?
rdx-fx
...
+955|6896

God Save the Queen wrote:

youre friends dont like paying taxes?  tell them fuck you from me.  Taxes are paying for my education.
They aren't looking forward to paying more taxes than they already are.  See below.

GS, I've done my time in the Army - I've done my time in college, soaking up the GI Bill I'd earned - and I've done my time trying to help keep a couple of small businesses afloat in this economy (people I know are the respective owners  - I helped for as close to free as I could).  None of it is 100% easy.  The college time was the closest to a vacation as they got.

The only place left in America that's easy anymore, is if you have a long-term contract to suck at the government pork-teat (AIG...)


Mek-Stizzle wrote:

It amazes me how many people here are rich or have super rich businesses. From what I've seen, only the rich are screwed over by Obamas policies. From what I know, most of America isn't rich.
Small business in America is already close to the breaking point.
Less disposable income for consumers (taxes, mortgage issues, stock market, etc) = The difference between staying afloat and closing the doors for good is getting really really thin.

One restaurant owner I know personally is only taking home $24,000 this year. so she can keep her employees working and pay her taxes and pay her invoices and pay her building's rent.  She gets to live on $24,000 this year.  She owns the place, and she's taking home less than her employees hourly rate.  That's how much this economy is sucking for small business.  ..and.. in case anyone really cares... she is already working 12 to 16 hour days 6 days a week just to keep that much coming in.

Small business owners get to try and live off of whatever's left after paying all the bills.  Gets a little frustrating when you get to see $250,000 come in, and you have to write out the checks for $225,000 going out.

And, when the small business owners get to the breaking point where they have to choose between letting their employees go one-by-one, to cut expenses - or - closing the doors and letting all of the employees go - that's when the "average joe" starts noticing.  The small businesses are absorbing the slack right now.  Next year, they'll be out of slack and the average Joe Hourly is going to be getting their walking papers.
steelie34
pub hero!
+603|6686|the land of bourbon

Pug wrote:

"I'm going to fire two employees if Obama wins.  I can't afford to have these people on staff if the tax increases.
a doctor?  cant afford my ass... what he meant to say was he can't afford the gulfstream II, he'll have to settle for the gulfstream I instead, or that he can't give his son a french polynesian island for his birthday.  rich people's greed pisses me off.
https://bf3s.com/sigs/36e1d9e36ae924048a933db90fb05bb247fe315e.png
CameronPoe
Member
+2,925|6860
My heart bleeds for them....

Somebody has to pay the bill and those most capable of doing so should be the ones picking up the tab in a time of crisis - not those struggling to survive on the breadline. Tough but that´s the way it is. The problem at this current point in time is protecting those most in need - job creation is not on the books right now: we will see plummeting employment for quite some time and that will have not much to do with taxation and everything to do with the fucking mess on Wall Street. As such, spending on protecting those that lose their jobs until the market sorts itself out is priority number one imo.

Last edited by CameronPoe (2008-10-17 10:48:57)

Parker
isteal
+1,452|6699|The Gem Saloon

steelie34 wrote:

Pug wrote:

"I'm going to fire two employees if Obama wins.  I can't afford to have these people on staff if the tax increases.
a doctor?  cant afford my ass... what he meant to say was he can't afford the gulfstream II, he'll have to settle for the gulfstream I instead, or that he can't give his son a french polynesian island for his birthday.  rich people's greed pisses me off.
lol
how many doctors do you know that buy jets and islands?
i think you *might* be exaggerating a little bit....
Roc18
`
+655|6096|PROLLLY PROLLLY PROLLLY

Parker wrote:

steelie34 wrote:

Pug wrote:

"I'm going to fire two employees if Obama wins.  I can't afford to have these people on staff if the tax increases.
a doctor?  cant afford my ass... what he meant to say was he can't afford the gulfstream II, he'll have to settle for the gulfstream I instead, or that he can't give his son a french polynesian island for his birthday.  rich people's greed pisses me off.
lol
how many doctors do you know that buy jets and islands?
i think you *might* be exaggerating a little bit....
Its from southpark dude.

Its just a bunch of rich guys whining. I doubt that doctor really cares about those 2 employees hes gonna fire, he just wants to protect his profits.
Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

oChaos.Haze wrote:

Then the doctors you play poker with are idiots.  Go to any hospital in the country and you will soon learn we already have nationalized health care.  You already pay for everyone who can't afford it, and have been doing so for years. 

Every person in the medical field that I know LOVES Obama.  Now maybe you play poker with private practice assdweebs who got into medicine for the money and the chicks, but out of the countless docs and nurses I know, every one of them is for Obama. 

And please tell me how the lower and middle classes would eventually be screwed over.  I'd love to see where in his plan he says, "Oh and let us not forget to tax the shit out of people who have no money."  This is such an irrational extrapolation.

I hope you at least take their money everytime you play, because they obviously aren't the brightest of the bunch, hence why they are in private practice in the first place.
No I'm dead money unfortunately.  I'm there for the cigars and beer.

The points they raise are the exact issues small business owners will face, whether if it's a medical clinic or a copy shop.  I think you missed that point.

And these are specialized clinics - radiology, optomologist, dentist, etc.  A little different then a general practice.

Plus I don't think you have any idea on how bad the medicare/medicaid services are about paying their bills.  If you believe hospitals want more medicare/medicaid patients, you are sadly mistaken.
Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

steelie34 wrote:

Pug wrote:

"I'm going to fire two employees if Obama wins.  I can't afford to have these people on staff if the tax increases.
a doctor?  cant afford my ass... what he meant to say was he can't afford the gulfstream II, he'll have to settle for the gulfstream I instead, or that he can't give his son a french polynesian island for his birthday.  rich people's greed pisses me off.
No, its about making an investment to increase the size of your business.  Someone who is around the highest tax break level needs to decide whether they want to be just under the top level or do a massive expansion.  Like suddenly a practice can grow from $200k to $350k overnight when your facility is already booked solid.

So instead, this guy is going to choose to lay off 20% of his staff and go in the smaller tax bracket to make more money.  He's the one saying he's going to be "unAmerican" because he's simply making a choice to increase his take home pay, by paying less tax.

Therefore, some patients won't be serviced.
Kmar
Truth is my Bitch
+5,695|6906|132 and Bush

Obama does not support Universal healthcare. I know that's heart breaking to some.
Xbone Stormsurgezz
Parker
isteal
+1,452|6699|The Gem Saloon

Roc18 wrote:

Parker wrote:

steelie34 wrote:


a doctor?  cant afford my ass... what he meant to say was he can't afford the gulfstream II, he'll have to settle for the gulfstream I instead, or that he can't give his son a french polynesian island for his birthday.  rich people's greed pisses me off.
lol
how many doctors do you know that buy jets and islands?
i think you *might* be exaggerating a little bit....
Its from southpark dude.

Its just a bunch of rich guys whining. I doubt that doctor really cares about those 2 employees hes gonna fire, he just wants to protect his profits.
fucking right he wants to protect his profits!

he doesnt owe them shit except the paycheck for their work.

if they want more money they can go get an education or start their own business.
Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

CameronPoe wrote:

My heart bleeds for them....

Somebody has to pay the bill and those most capable of doing so should be the ones picking up the tab in a time of crisis - not those struggling to survive on the breadline. Tough but that´s the way it is. The problem at this current point in time is protecting those most in need - job creation is not on the books right now: we will see plummeting employment for quite some time and that will have not much to do with taxation and everything to do with the fucking mess on Wall Street. As such, spending on protecting those that lose their jobs until the market sorts itself out is priority number one imo.

Roc18 wrote:

Its just a bunch of rich guys whining. I doubt that doctor really cares about those 2 employees hes gonna fire, he just wants to protect his profits.
If you set up a system where people can make money based on a business decision, isn't that protecting your profits?  And unfortunately that's UnAmerican to do so?  That's backasswards.

I've provided an example on how the new economic policy will encourage businesses to increase unemployment in the short term.

For example:
Doctor pays $85k in taxes, his eight employees pay $15k each or $120k total.  Total collected = $205k.

Doctor fires two people.
Doctor pays $70k in taxes by reducing his income level, his six employees pay $12.5k each under lower taxes or $75k total.  Total collected = $145k.

There is no incentive for the doctor to grow his business as the take home will be less.

I am watching how Obama is addressing this issue, I haven't seen how it makes economic sense to do anything different unless we eliminate tax brackets and go with a different system altogether...which is a whole other can of worms.

.

Last edited by Pug (2008-10-17 11:20:14)

Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

Parker wrote:

fucking right he wants to protect his profits!

he doesnt owe them shit except the paycheck for their work.

if they want more money they can go get an education or start their own business.
Parker, you own a business like I do.

You can take increase your take home pay by 10% by reducing the size of your business...what would Parker do?

Seems like an easy question - do less, get paid more.
Kmar
Truth is my Bitch
+5,695|6906|132 and Bush

OBAMA wrote:

Well, let's break down what she really means by a mandate. What's meant by a mandate is the government is forcing people to buy health insurance (via taxes). And so she's (Hillary) suggesting a parent is not going to buy health insurance for themselves if they can afford it.

Now my belief is that most parents will choose to get health care for themselves and we make it affordable. Here's the concern. If you haven't made it affordable, how are you going to enforce a mandate? I mean if a mandate was a solution, we could try that to solve homelessness by mandating everybody buy a house.

The reason they don't buy a house is they don't have the money. And so our focus has been on reducing costs, making it available. I am confident that if people have a chance to buy high quality health care that is affordable, they will do so. And that's what our plan does. And nobody disputes that.
The most reasonable answer I've ever heard from any candidate.
Xbone Stormsurgezz
Kmar
Truth is my Bitch
+5,695|6906|132 and Bush

Pug wrote:

Parker wrote:

fucking right he wants to protect his profits!

he doesnt owe them shit except the paycheck for their work.

if they want more money they can go get an education or start their own business.
Parker, you own a business like I do.

You can take increase your take home pay by 10% by reducing the size of your business...what would Parker do?

Seems like an easy question - do less, get paid more.
Incorporate and pay yourself a salary.
Xbone Stormsurgezz
Dauntless
Admin
+2,249|7047|London

Parker wrote:

Roc18 wrote:

Parker wrote:


lol
how many doctors do you know that buy jets and islands?
i think you *might* be exaggerating a little bit....
Its from southpark dude.

Its just a bunch of rich guys whining. I doubt that doctor really cares about those 2 employees hes gonna fire, he just wants to protect his profits.
fucking right he wants to protect his profits!

he doesnt owe them shit except the paycheck for their work.

if they want more money they can go get an education or start their own business.
Exactly, I hate it when people go on and on about how "evil" companies are for just wanting to make money. It's what businesses do, deal with it.
https://imgur.com/kXTNQ8D.png
.Sup
be nice
+2,646|6758|The Twilight Zone

DBBrinson1 wrote:

Obama really doesn't care about those people.  In his eyes, they are all making too much money as it is and screwing "the less fortunate" over.
Obama probably makes more then the "rich" people. But he will have to pay more taxes too so...
https://www.shrani.si/f/3H/7h/45GTw71U/untitled-1.png
chittydog
less busy
+586|7140|Kubra, Damn it!

Pug wrote:

CameronPoe wrote:

My heart bleeds for them....

Somebody has to pay the bill and those most capable of doing so should be the ones picking up the tab in a time of crisis - not those struggling to survive on the breadline. Tough but that´s the way it is. The problem at this current point in time is protecting those most in need - job creation is not on the books right now: we will see plummeting employment for quite some time and that will have not much to do with taxation and everything to do with the fucking mess on Wall Street. As such, spending on protecting those that lose their jobs until the market sorts itself out is priority number one imo.

Roc18 wrote:

Its just a bunch of rich guys whining. I doubt that doctor really cares about those 2 employees hes gonna fire, he just wants to protect his profits.
If you set up a system where people can make money based on a business decision, isn't that protecting your profits?  And unfortunately that's UnAmerican to do so?  That's backasswards.

I've provided an example on how the new economic policy will encourage businesses to increase unemployment in the short term.

For example:
Doctor pays $85k in taxes, his eight employees pay $15k each or $120k total.  Total collected = $205k.

Doctor fires two people.
Doctor pays $70k in taxes by reducing his income level, his six employees pay $12.5k each under lower taxes or $75k total.  Total collected = $145k.

There is no incentive for the doctor to grow his business as the take home will be less.

I am watching how Obama is addressing this issue, I haven't seen how it makes economic sense to do anything different unless we eliminate tax brackets and go with a different system altogether...which is a whole other can of worms.

.
That example makes no sense. You can't make a point by only showing a portion of the data. What's his initial income? By how much does he lower his income to pay $15K less in taxes. Why aren't you including the money he's saving from not paying two additional salaries to the staff that was fired?

This example is almost as bad as me saying I'm going to save a lot of money by selling my car. Hurray, no more gas charges, insurance, registration fees or car payments. Don't mention how there's almost no public transportation here in Texas and I'll have to walk 15 miles to work.
Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

Kmarion wrote:

Incorporate and pay yourself a salary.
These guys are incorporated, operating as a S-Corp - so only one taxable entity as the income passed thru to their personal tax return.

But they could go to a C-Corp.  Then the C-Corp gets taxed, the doctor gets taxed individually for the salary, and the earnings distributed from the C-Corp get taxed as dividends at 35% once Obama removes Bush's 15% dividend tax rate.

Even as it is now, there's usually a 10-15% increase in tax paid when you switch to a C-Corp.  And a host of other drawbacks when compared with S-Corps, partnerships and LLCs.

All I know for certain is, as a CPA, that every time someone increases taxes, more tax planning is involved so my billings increase.  But I might be paying more taxes in the process which might reduce my earnings.  So it could be a win-win no matter who gets in office.
Pug
UR father's brother's nephew's former roommate
+652|6847|Texas - Bigger than France

chittydog wrote:

That example makes no sense. You can't make a point by only showing a portion of the data. What's his initial income? By how much does he lower his income to pay $15K less in taxes. Why aren't you including the money he's saving from not paying two additional salaries to the staff that was fired?

This example is almost as bad as me saying I'm going to save a lot of money by selling my car. Hurray, no more gas charges, insurance, registration fees or car payments. Don't mention how there's almost no public transportation here in Texas and I'll have to walk 15 miles to work.
Sorry, if it helps I was saying he reduces his entire business by 25% by turning away patients.  So along with reducing his salary expense by 25%, he's also reducing his billings by 25%.

So he drops from a higher tax bracket to a lower one.

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