You are now an employee of the government, Forget for one moment thst you started your own business. Took the risk of lossing you life savings. Took on the responsibility and liability of employees. Worked 18 hr days for months and no one cared about your health. The greedy employees that feel that you are rich because you own the place and could care less that you stuck you paycheck in the drawer until the funds appeared like magic. Yes, you toiled and for what, I just did the math, Uncle Obama and Company will take another bit, (not counting the AMT), of $18-22,000. per year from our hyde. As if they own our business. It is bad enough that New York State is the worst place to do business with their regulations and taxes, now Hello, we are ObamaNation, we will take the rest. I am already looking to fire 2 employees come January, Hell did you think I was going to pay for his tax increase. Guess Again.
JGNY
of NY
@
Nov 12, 2008 07:43:10 AM
Haves and have nots!
If you read all of the interesting comments about the subject of taxes, it is quite easy to identify with what I expect is fairly good accuracy the people who have never made any money to speak of and those who make quite a bit. Its the same old story, the worker bees are whining about how much the managing bees make! Personally, I think all the worker bees need to see some of this socialism in action, then they will soon come to realize you can't pay higher taxes if you don't make any money. If you don't pay much tax because you make so little the burden of the many upon you gets much much more difficult. And soon, in order to survive society eliminates freedom and replaces it with control.
As the Chinese have said for thousands of years, be mindful of an educated electorate. Its wise to keep the majority working for the minority.
So give up our cars, your guns, your property and God Bless America, the Government will bail you out!
You don't really believe that do you?
Thomas
of CA
@
Nov 12, 2008 01:16:55 AM
Horrific news for families that make 340K
After paying $26K after tax in child support (which my ex-wife squanders), my current wife and I pay enough in fed income taxes to buy the government a new aromored Humvee every year ~$80K, plus $10K in property taxes on a grossly over assessed house. (My bank says it's worth $413K, and the assessor says it's worth $477K) Regardless, it would not likely move in this market at any price. Then we pay Illinois state income tax, and then self employment tax on about 1/2 our income.
Friends, its time for a tax revolt in this country. Things are getting out of hand. We need a Boston tea party.
We need a US constitutional ammendment limiting tax liabilities to 25% of taxable income, which applies to federal, state (income and sales) and local property taxes combined.
Mark Stanford
of IL
@
Nov 11, 2008 23:14:24 PM
PHILIP TORTORICH/KATTEN MUCHIN
YOUR COMMENTS AND ANSWERS HIT THE TARGET DEAD CENTER!!
TRUELY AN EXPERT.
of IL
@
Nov 11, 2008 21:42:32 PM
Quit your whining....
Ok people, seriously. Do you need a "Lambo" to go to work? Do you need that Ferrari? Why dont you drive a freaking stratus or something and stop complaining about higher taxes.
If you can afford a $250,000 CAR....then please. I dont want to hear it.
If you love your money so mcha and want to invest it. then donate a nice bunch of that to colleges and universities so that US college students can go to school and then THEY can pay taxes for your social security when you are too old to go to work.
Or how about this, donate it to Veterans.....homeless shelters....STOP being an ignorant punk and pull that cigar out of your rear end and wake up. Because it is people like you that put this country in the financial status that its in.
of IN
@
Nov 11, 2008 19:20:23 PM
PHIL TORTORICH/ KATTEN MUCIN
THIS ARTICLE WAS MORE THAN INSIGHTFUL! HIS IDEAS ON CAPTIVE INSURANCE AND CAPITAL GAINS IS SHEER GENIUS IN THIS UNSURE FUTURE ALL OF US ARE FACING.MY HUSBAND AND I ARE RETIRED NOT BIG BUSINESS OWNERS, BUT BY APPLYING THE TORTORICH PLAN WITH OUR FLORIDA PROPERTY, WE CAN SAVE THOUSANDS FOR OUR RETIREMENT.
ROXANE SEDLACEK
of IL
@
Nov 11, 2008 14:27:30 PM
Taxes
I know how the wealthy could avoid taxes. Give all their money away and go to work at MacDonald's!
Charles
of IL
@
Nov 11, 2008 13:13:14 PM
TAX - TAX - TAX
Everyone work hard and dream of success so some left wing radical can come in and "TAKE" what "YOU" have earned so he can "GIVE" it to the people that just don't want to put forth the effort or the work.
We need to be FAIR - what a joke.
Hope about personal responsibility and smart choices?
Standby America - here comes the all the left wing loons with their hands out.....
JGNY of NY @ Nov 12, 2008 07:43:10 AM
Thomas of CA @ Nov 12, 2008 01:16:55 AM
Mark Stanford of IL @ Nov 11, 2008 23:14:24 PM
of IL @ Nov 11, 2008 21:42:32 PM
of IN @ Nov 11, 2008 19:20:23 PM
ROXANE SEDLACEK of IL @ Nov 11, 2008 14:27:30 PM
Charles of IL @ Nov 11, 2008 13:13:14 PM
Larry of CA @ Nov 11, 2008 13:06:53 PM
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