Another day more children in cages. Go Biden!!!
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Gave three employees notice today in response to Biden's plan to impose confiscatory capital gains rates. Figure I will fire three or four more once it passes.
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Unregistered
Originally posted by Unregistered View PostGave three employees notice today in response to Biden's plan to impose confiscatory capital gains rates. Figure I will fire three or four more once it passes.
Can’t be an LLC or C-Corp. you wouldn’t be earning capital gains on revenues. Unless you maybe have a proprietorship AND you get your $ for payroll from investment income. So that doesn’t make sense
No con I think you actually have no understanding of the issues and just like to “pretend” abiut stuff
Hilarious really
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Unregistered
These “brave” con oligarch billionaires just don’t seem to have the stones necessary to stay in the game with smart lib women like Warren, Katie Porter et al
https://www.cnbc.com/2021/04/20/eliz...-on-taxes.html
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Unregistered
Originally posted by Unregistered View PostHow does that work? I mean what kind of an entity is the “company” that employs these people?
Can’t be an LLC or C-Corp. you wouldn’t be earning capital gains on revenues. Unless you maybe have a proprietorship AND you get your $ for payroll from investment income. So that doesn’t make sense
No con I think you actually have no understanding of the issues and just like to “pretend” abiut stuff
Hilarious really
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Unregistered
Originally posted by Unregistered View PostHow does that work? I mean what kind of an entity is the “company” that employs these people?
Can’t be an LLC or C-Corp. you wouldn’t be earning capital gains on revenues. Unless you maybe have a proprietorship AND you get your $ for payroll from investment income. So that doesn’t make sense
No con I think you actually have no understanding of the issues and just like to “pretend” abiut stuff
Hilarious really
I hope con never aspired to be a fictional writer because he's not very good at it.
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Unregistered
Originally posted by Unregistered View PostJust for sh*ts and giggles let's play with the con's example: say his faux company had $1M taxable (laughable I know but play along). Biden wants to raise the rate from 24% to 29%. With just a flat rate that's a $50K increase in taxes and that ignores the myriad of ways for companies to cut their tax bills. Claims he fired three people over that and he'll get rid of three more? What's he paying them, $5/hour? Is con employing illegal workers? :) Maybe you cut one person but at some point cutting labor negatively impacts your business. But you also wouldn't do it this week when nothing has been passed. Has con not seen what happens in Congress when it comes to taxes? Biden will be lucky if he gets a 27% rate passed let alone 29%. Cutting taxes is super easy, just ask the GOP, raising them once the cat is out of the bag is very hard
I hope con never aspired to be a fictional writer because he's not very good at it.
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