If you want to help make tax law...

[CallMeJoe]

...shouldn't you understand tax law?

From the O'Donnell - Coons debate:

You have said that you will stop the tax cuts for the so-called rich. What you fail to realize is the so-called rich are the small business owner, the dry-cleaner down the street, the pizza shop owner who makes $300,000 before they pay their four employees, before they feed their own family...

Does Candidate O'Donnell really think that a business that takes in $300,000 before payroll will be subject to a tax increase on people with >$250,000 taxable income?
Are the Tea Party Candidates that dim, or do they just think their voters are that gullible?

 

[MotF Bane]

Alternatively, if you want to help make tax law, shouldn't you pay your taxes?

 

[Bateluer]

Alternatively, if you want to help make tax law, shouldn't you pay your taxes?

Nah, taxes are for little people.

 

[ElFenix]

Alternatively, if you want to help make tax law, shouldn't you pay your taxes?

zing!

 

[CallMeJoe]

Alternatively, if you want to help make tax law, shouldn't you pay your taxes?

Such a fascinating diversion... I'm sure you have a million more. Have you any actual comment on Candidate O'Donnell's misunderstanding of the tax code she so desperately wants to "reform"?

 

[Darwin333]

Such a fascinating diversion...

I thought it was rather good myself.

 

[her209]

O'Donnell must be talking about the ones that hire illegal aliens and pay them under the table.

 

[woolfe9999]

Such a fascinating diversion... I'm sure you have a million more. Have you any actual comment on Candidate O'Donnell's misunderstanding of the tax code she so desperately wants to "reform"?

Of course not, he'd rather "turn the tables" by making off topic glib remarks.

Is O'Donnell really as ignorant as she appears? IIRC, this is not the first time I have heard conservatives making their case that the 250K threshold affects lots of small businesses by either tacitly or explicitly assuming the false premise that gross revenues, rather than net income, are taxed. If gross revenues were taxed, it would obviously affect a large number of small businesses. With net profits, not nearly as many, and also, any business earning that much net profit can afford a 3% bump just as any individual earning that much can. The premise of the deception is that it affects *struggling* small businesses, which it does not. I think it's as likely a calculated lie, banking on voters being too ignorant to see it.

- wolf

 

[CallMeJoe]

...With net profits, not nearly as many, and also, any business earning that much net profit can afford a 3% bump just as any individual earning that much can...
- wolf

The Tea Party "reformers" also do not understand (or lie about) marginal tax rates, since the tax increase applies only to the portion of taxable income that exceeds $250,000.

They employ the same fallacious math in attacking the "Death Tax".

 

[hal2kilo]

The Tea Party "reformers" also do not understand (or lie about) marginal tax rates, since the tax increase applies only to the portion of taxable income that exceeds $250,000.

They employ the same fallacious math in attacking the "Death Tax".

The anti tax crowd allways obfucates when it comes to marginal rates. Also, the conservatives/republicans like to define small businesses as anyone with a sole proprietorship which includes many billionares taking advantages of many tax breaks.

 

[Greenman]

...shouldn't you understand tax law?

From the O'Donnell - Coons debate:
Does Candidate O'Donnell really think that a business that takes in $300,000 before payroll will be subject to a tax increase on people with >$250,000 taxable income?
Are the Tea Party Candidates that dim, or do they just think their voters are that gullible?

I heard that exchange. O'Donnell has apparently never herd of a schedule C.

 

[GroundedSailor]

Alternatively, if you want to help make tax law, shouldn't you pay your taxes?

Such a fascinating diversion... I'm sure you have a million more. Have you any actual comment on Candidate O'Donnell's misunderstanding of the tax code she so desperately wants to "reform"?

I think his comment was alluding to the fact that O'Donnell did not pay some taxes in the past. I think it was property taxes she didn't pay.


..

 

[BoomerD]

...shouldn't you understand tax law?

From the O'Donnell - Coons debate:
Does Candidate O'Donnell really think that a business that takes in $300,000 before payroll will be subject to a tax increase on people with >$250,000 taxable income?
Are the Tea Party Candidates that dim, or do they just think their voters are that gullible?

Sounds like the "Joe the Plumber" tax course finally paid off...

 

[BoberFett]

Such a fascinating diversion... I'm sure you have a million more. Have you any actual comment on Candidate O'Donnell's misunderstanding of the tax code she so desperately wants to "reform"?

Typical useless CallMeJoe input. Do you ever have anything useful to say?

 

[CallMeJoe]

Typical useless CallMeJoe input. Do you ever have anything useful to say?

There's a Neffing thread in OT if you need to boost your post count.
Any response to the OP?

 

[BoberFett]

There's a Neffing thread in OT if you need to boost your post count.

Good, then this thread can be merged into it.

 

[her209]

I heard that exchange. O'Donnell has apparently never herd of a schedule C.

O'Donnell's never heard of a 1090.

 

[CallMeJoe]

Good, then this thread can be merged into it.

Shall I number you among the Tea Party Faithful who don't understand the tax code, or is this simple trolling?

 

[her209]

http://www.rasmussenreports.com/pub...ctions/delaware/election_2010_delaware_senate

Even Rasmussen polling puts Coons ahead by double digits. She's toast.

 

[sactoking]

...shouldn't you understand tax law?

From the O'Donnell - Coons debate:
Does Candidate O'Donnell really think that a business that takes in $300,000 before payroll will be subject to a tax increase on people with >$250,000 taxable income?
Are the Tea Party Candidates that dim, or do they just think their voters are that gullible?

It's not Tea Party candidates, it's all politicians who think voters are that gullible. In the Reid-Angle debate Reid stated that the insurance industry was profit-driven. He's obviously never heard of Mutual insurers.

 

[BoberFett]

Shall I number you among the Tea Party Faithful who don't understand the tax code, or is this simple trolling?

I understand taxes just fine. It's you who's an idiot, believe that I'm a Tea Partier. But hey, whatever falsehoods help you sleep at night, don't let me take them from you.

 

[CallMeJoe]

I understand taxes just fine. It's you who's an idiot, believe that I'm a Tea Partier. But hey, whatever falsehoods help you sleep at night, don't let me take them from you.

Thanks for the clarification. Not a Tea Partier, just a common Troll.

 

[BoberFett]

Thanks for the clarification. Not a Tea Partier, just a common Troll.

Thank you. That's better.

 

[mwtgg]

O'Donnell's never heard of a 1090.

Neither have I.

That being said, the vast majority of our clients are small businesses but most of their owners' AGIs do not crack $250k. Is it possible? Absolutely, but we don't have many of them. Though that's not surprising with the economy the way it is.

 

[onlyCOpunk]

sounds like she needs to learn the difference between business tax and personal tax