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jmowreader

(53,193 posts)

65. Nothing technical about it

Reply to geardaddy (Reply #46)

Sat Oct 13, 2012, 05:38 AM

Oct 2012

Even if it's just you, I'm glad you took steps to protect yourself.

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I'm a small business owner and I make less than $60,000 a year. [View all] geardaddy Oct 2012 OP

They only think of the Trump businesses as small Sekhmets Daughter Oct 2012 #1

Thats what Joe said last night madokie Oct 2012 #3

Yep, I loved it when he said that! geardaddy Oct 2012 #4

The average small business owner makes between 40 & 70,000/yr. JaneyVee Oct 2012 #54

Me too. Obamacare is important to my business. Tax rates are not. n/t lumberjack_jeff Oct 2012 #2

Exactly. n/t geardaddy Oct 2012 #5

Agreed. I ran my own business for three years. It was more work in one day... HopeHoops Oct 2012 #6

Yep, straight up, HH. geardaddy Oct 2012 #12

Wish I could rec this twice! wildeyed Oct 2012 #7

Thanks! geardaddy Oct 2012 #8

Good points LeeM Oct 2012 #20

Exactly Loudestlib Oct 2012 #21

You could also reinvest in infrastructure and depreciate the cost over a number of years. wildeyed Oct 2012 #53

I rec'd it for you...I too ran a small business..and my hourly pay was less then when angstlessk Oct 2012 #23

Recommending it for you. Okay ChazII Oct 2012 #62

I've owned my own small business for over 45 years & all I can say is me too. Pyrzqxgl Oct 2012 #9

Same here Cracklin Charlie Oct 2012 #10

Exactly! geardaddy Oct 2012 #14

Ding Ding Ding Ding Ding! MANative Oct 2012 #52

Right there, absolutely, that's me. I f**king hate health insurance companies. byronius Oct 2012 #11

Same here ..... I make a little more but the idea that I am making >$250,00/yr ... Botany Oct 2012 #13

Bingo! geardaddy Oct 2012 #15

this year has been much much better and the economy is turning around but .... Botany Oct 2012 #19

I am actually doing better this past year and a half geardaddy Oct 2012 #25

Small business owner here, too. Lone_Star_Dem Oct 2012 #16

Thank you for adding that. geardaddy Oct 2012 #26

Most "small business owners" make less than $100,000. Curmudgeoness Oct 2012 #17

Bingo.... Swede Atlanta Oct 2012 #18

Yes. Thank you. Risen Demon Oct 2012 #22

Hey now, cockroaches at least serve a purpose. raouldukelives Oct 2012 #55

Thank you for pointing that out. geardaddy Oct 2012 #24

Thank you. geardaddy Oct 2012 #27

The small business administration has a table that lists most small businesses A Simple Game Oct 2012 #28

Posting in solidarity with my fellow small biz owners Doremus Oct 2012 #29

Thanks! geardaddy Oct 2012 #32

Me too. I'm in my 12th year. progressoid Oct 2012 #30

Amen, brother. Ikonoklast Oct 2012 #31

Thanks. geardaddy Oct 2012 #33

The tax rates can be an issue Sgent Oct 2012 #34

Link? geardaddy Oct 2012 #38

I'm not sure what you mean by link Sgent Oct 2012 #48

I mean, link to comparative tax rates between the U.S., Canada, and Europe. geardaddy Oct 2012 #49

Wikipedia starts well Sgent Oct 2012 #57

OK, thanks for the link. geardaddy Oct 2012 #66

But the business will get a deduction for the new machinery ... dawg Oct 2012 #39

Someone in that level bracket Sgent Oct 2012 #47

Sec 179 expensing is fully allowable for AMT. dawg Oct 2012 #50

Sec 179 Sgent Oct 2012 #56

Section 1245 property includes machinery, equipment, vehicles, computers ... dawg Oct 2012 #58

Working capital Sgent Oct 2012 #59

Since we are mostly talking about relatively large businesses here ... dawg Oct 2012 #60

I generally agree Sgent Oct 2012 #63

I am a small business owner and I wish I made something even CLOSE to $60k. kestrel91316 Oct 2012 #35

That's gross. n/t geardaddy Oct 2012 #37

Absolutely right matt819 Oct 2012 #36

The biggest problem for small business in America is .... big business. dawg Oct 2012 #40

And the Republican Party serves big business (and billioniares). moondust Oct 2012 #41

Excellent analysis. geardaddy Oct 2012 #44

another small business owner in agreement grantcart Oct 2012 #42

Solidarity GC! geardaddy Oct 2012 #43

Please stop being a sole proprietor jmowreader Oct 2012 #45

Technically I am an LLC now. geardaddy Oct 2012 #46

Nothing technical about it jmowreader Oct 2012 #65

You and I are in the same boat, friend. MANative Oct 2012 #51

Thanks geardaddy Oct 2012 #68

Single-person small business family here too. And yeah, hubby listened to the debate and said, "What GreenPartyVoter Oct 2012 #61

Self-employed for 19 years (!) Lydia Leftcoast Oct 2012 #64

Thanks Lydia. geardaddy Oct 2012 #67

Translators are usually paid by the word, not by the hour Lydia Leftcoast Oct 2012 #70

At least Biden called 'em out on it. rucky Oct 2012 #69

I'm right there with you! savalez Oct 2012 #71

Republicans only talk about being friendly to small business. Cleita Oct 2012 #72

You are obviously not working hard enough, Blecht Oct 2012 #73