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originally posted by: face23785
When I hear "owners underestimate how much will be needed to sustain operations" I think most people don't realize just how much it will cost them to comply with all the regulations and taxes. But you still have a point. Before people start a business it would behoove them to find all that out.
originally posted by: seasonal
a reply to: face23785
Yep, put the batteries in the plastic container and drop off at the library.
There is costs to running a business.
The regs I have is a $25 business tax
2 extra pieces of paper at tax time
keep track of tax deductions from my business
Keep track of mileage
Any waste from a demo of a house is handled by the dumpster company
I do not think regs get in the way of small business unless they are in a regulated area of the economy.
Taxes OH MY, they are big. And there needs to be plans to pay them.
originally posted by: toysforadults
Ok enough with the fricken protest already.
Here is a real issue we could be talking about that actually effects everyone's lives.
Stressed couple reviewing documents Why a six-figure income is not enough for many in the U.S.
11:45 AM ET Tue, 18 July 2017 | 01:18
No matter how much you earn, getting by is still a struggle for most people these days.
Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.
Overall, 71 percent of all U.S. workers said they're now in debt, up from 68 percent a year ago, CareerBuilder said.
While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder. The job-hunting site polled over 2,000 hiring and human resource managers and more than 3,000 full-time employees between May and June.
Well, the numbers are in, people are having a hard time saving money. This should come as no surprise to any of you because although the numbers look good on CNN, the economy in fact hasn't been doing so well for the average American. People are not buying houses cars or any of the fancy things of the past 2 generations (which isn't that big of a deal really more of a call back to reality) due to one thing in particular, rising cost of living. One of our biggest problems in this nation is the fact that cost of living has more than doubled in most cases and the wages haven't only not gone up but have actually gone done, way down.
Anyway, since this isn't about the main popular topic here I'm sure this will be glossed over.
originally posted by: seasonal
a reply to: face23785
I have an accountant.
But I would love a flat tax. And yes the tax code is not good.
On average, our total annual realized income is less than 7 percent of our wealth. In other words, we live on less than 7 percent of our wealth.
Most of us have never felt at a disadvantage because we did not receive any inheritance. About 80 percent of us are first-generation affluent.
We live well below our means. We wear inexpensive suits and drive American-made cars. Only a minority of us drive the current-model-year automobile. Only a minority ever lease our motor vehicles.
Only 17 percent of us or our spouses ever attended a private elementary or private high school. But 55 percent of our children are currently attending or have attended private schools.
About two-thirds of us work between forty-five and fifty-five hours per week.
originally posted by: seasonal
a reply to: toysforadults
The money is being made, but it isn't be shared. This is a major reason you can't afford medical services, everything but wages have gone up.
.
originally posted by: AMPTAH
originally posted by: seasonal
a reply to: toysforadults
The money is being made, but it isn't be shared. This is a major reason you can't afford medical services, everything but wages have gone up.
.
The problem is the distribution of wealth. Or, lack of distribution, rather.
Too few people have too much money, and the majority have too little.
originally posted by: face23785
originally posted by: AMPTAH
originally posted by: seasonal
a reply to: toysforadults
The money is being made, but it isn't be shared. This is a major reason you can't afford medical services, everything but wages have gone up.
.
The problem is the distribution of wealth. Or, lack of distribution, rather.
Too few people have too much money, and the majority have too little.
The top percentage have most of the money, but that's not why most people are struggling. Most people make enough to live on, which is all even the most entitled of us should expect. In the US we literally call people with a roof over their head, a car in the driveway, TV, phones, all kinds of commodities "below the poverty line". 80% of the world's population would slap you silly for complaining about how you "have too little".
And by the way, your solution is riddled with financial ignorance. You're comparing the interest rate on invested money to borrowed money. That's simply absurd. Not to mention this scheme of yours would give people even more incentive to rack up debt and buy # they don't need, which is why most of them are in trouble in the first place.
originally posted by: 3NL1GHT3N3D1
Wanna know where all that money is going? Look toward the offshore accounts of the mega rich. They're using these tax havens to drain the middle class dry in my opinion.
CEO Pay Has Grown 90 Times Faster than Typical Worker Pay Since 1978
Who forced the young people to get that debt? Was a gun held to their head?