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jmowreader

(53,103 posts)

33. You said $300,000 profits, correct?

Sat Dec 1, 2012, 10:35 PM

Dec 2012

A company that generates $300,000 in taxable profit is probably making between $10 and $30 million in receipts, so it's probably not an LLC or S-corp but a C-corp...which pays a flat 35 percent on profits.

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Seriously, they need to give it up. Who do they think is buying this crap?! [View all] Playinghardball Dec 2012 OP

K&R 99Forever Dec 2012 #1

Your signature line... 2naSalit Dec 2012 #22

Post removed Post removed Dec 2012 #25

Geeze... 2naSalit Dec 2012 #30

Perhaps... 99Forever Dec 2012 #32

Perhaps... 2naSalit Dec 2012 #34

John Lennon Would Not Abide, 12AngryBorneoWildmen Dec 2012 #50

I had no idea, either: Rhiannon12866 Dec 2012 #43

Oh! No wonder it was hidden. Chemisse Dec 2012 #49

That's what I thought! Rhiannon12866 Dec 2012 #62

Well 2naSalit Dec 2012 #54

I didn't know, either, so I looked it up... Rhiannon12866 Dec 2012 #61

Really. DreamGypsy Dec 2012 #31

Well... Andy823 Dec 2012 #2

They've been selling the BIG LIE... sendero Dec 2012 #46

Got any other ideas? Mr. Mojo Risen Dec 2012 #3

Seriously? GeorgeGist Dec 2012 #4

It is becoming more of a threat than a statement of economic theory. Yes, we geckosfeet Dec 2012 #5

+1,000 to what you said. Unfortunately, media won't say that. freshwest Dec 2012 #9

Well put, I've always viewed it as a threat Cresent City Kid Dec 2012 #64

Hey Rethugs, 1984 wasn't supposed to be a how to manual teewrex Dec 2012 #6

Epic asscarrot! L0oniX Dec 2012 #7

Repeat ad nauseum Eddie Francis Dec 2012 #8

Welcome to DU! hrmjustin Dec 2012 #16

Welcome sellitman Dec 2012 #55

People from Utah? grantcart Dec 2012 #10

Just as the Russian Communists couldn't see how much they had screwed themselves. randome Dec 2012 #11

The job creation math doesn't add up either SamHarris2012 Dec 2012 #12

Your numbers don't add up either jmowreader Dec 2012 #13

How did you figure $105,000 tax on $300,000? nt. Mariana Dec 2012 #24

You said $300,000 profits, correct? jmowreader Dec 2012 #33

OK, thanks. Mariana Dec 2012 #37

Simple guide to how businesses are taxed jmowreader Dec 2012 #38

Oh, wow. Thanks again. nt. Mariana Dec 2012 #39

A couple of things ... NashvilleLefty Dec 2012 #40

Good points all jmowreader Dec 2012 #41

actually, your numbers don't add up either SamHarris2012 Dec 2012 #57

Both numbers add up jmowreader Dec 2012 #60

No business hires or fires based on taxes.. sendero Dec 2012 #47

What kills their arguement is how executive pay is so astronomical today davidn3600 Dec 2012 #14

OMG, Lee must really believe that, or else... Beartracks Dec 2012 #15

unfortunately many Americans still are buying it hfojvt Dec 2012 #17

but trickle-down and recouping losses are two entirely different things socialindependocrat Dec 2012 #18

I don't think the average GOP voter even knows what trickle down means. xtraxritical Dec 2012 #21

Actually, the average IQ *is* 100--because that is what the tblue37 Dec 2012 #56

What he meant to say was, "...the poorest rich people among us..." yends21012 Dec 2012 #19

It's time Flatpicker Dec 2012 #20

"raise taxes on the rich OR we will hurt you". rickyhall Dec 2012 #23

Yep, there's some history for sure!!! n/t RKP5637 Dec 2012 #28

K&R!!!!!!!!!!!!! mfcorey1 Dec 2012 #26

Trickle-Down Economics: Shit floats to the top and trickles downhill! n/t RKP5637 Dec 2012 #27

Trickle down *IS* a crock of shit and now we're fighting back. Initech Dec 2012 #29

I think it was initially designed 2naSalit Dec 2012 #35

Grover is the only one they are worried about. liberal N proud Dec 2012 #36

If we used the correct term for it trickle-down would vanish...now jmowreader Dec 2012 #42

Trickle Down KansDem Dec 2012 #44

According to the election results over 60 Million people vote GOP Resonance_Chamber Dec 2012 #45

Welcome to DU! hrmjustin Dec 2012 #59

higher taxes promote growth ! ? tomtharp Dec 2012 #48

Raising taxes on the rich Rain Mcloud Dec 2012 #51

Easy answer broadcaster75201 Dec 2012 #52

So, if a homeless person is begging by the gates of a mansion, I should... Beartracks Dec 2012 #53

I've always thought trickle-up made a lot more sense wtmusic Dec 2012 #58

Kick.. butterfly77 Dec 2012 #63