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Name:	FisherBitin -	Reply
Subject:	Business Owners
Date:	4/3/2012 12:05:39 PM

I've been persuaded for a long time that there is no business tax. Whatever businesses are taxed it simply goes directly to the consumer in higher cost of goods and services from that particular business. Is this a truism?

Name:	Barneget -	Reply
Subject:	Business Owner Reply
Date:	4/3/2012 4:23:12 PM

True

Name:	architect -	Reply
Subject:	Business Owner Reply
Date:	4/4/2012 7:37:57 AM (updated 4/4/2012 7:41:25 AM)

Neal Boortz (right wing talker) often points out that business owners do not pay income taxes but merely pass them along to the consumer...as a business owner I can say he is right. But then, often in the same show, he will go off on his "voting is a privilege not a right" tirade and proclaim renters should not be allowed to vote because they don't pay property tax. Well, I also own rental property...guess I'm smarter in my "business owner" hat than in my "landlord" hat.

Name:	Barneget -	Reply
Subject:	Business Owner Reply
Date:	4/4/2012 8:00:16 AM

Wow. You MUST tell me how you avoid income taxes. I wasn't thinking along that line, more along the city/county/state licenses, permits, stamps, fees, along with required federal " smoking is bad" training, and the latest DoL poster revision regarding employee rights to unionize. Of course these expenses get passed through, along with rent, utilities, insurance, m&r, and labor. As an LLC, our draws through the year and whatever we have left at the end of the year is counted and taxed as personal income.

Name:	roswellric -	Reply
Subject:	Business Owner Reply
Date:	4/4/2012 3:35:14 PM

Many of the founders - if not most- also believed that you should not be able to vote unless you owned property. The idea was using the property ownership requirement as foundation for good citizenship. A good citizen would be capable of exercising his vote responsibly. The way votes are bought and sold today illustrate the wisdom of that idea. Additionaly many of our rights are extensions of property rights. Your tenant's rights are generally subordinate to your property rights under the lease.

Name:	GoneFishin -	Reply
Subject:	Barnie The Business Owner
Date:	4/4/2012 8:28:59 PM

"whatever we have left at the end of the year is counted and taxed as personal income." Barnie, I do hope you continue to pay those taxes in a timely manner as it gives me confidence that good citizens like you will continue to fund my entitlements. I think I will soon need a new battery for my free government issued phone and need to check to see if there is a free replacement plan.

Name:	Barneget -	Reply
Subject:	Barnie The 51%er
Date:	4/4/2012 8:42:14 PM

GF, I am one of those folks that counts myself as fortunate to be able to generate an income for my family, and help others provide for theirs. Paying taxes over the last 40 years has never bothered me. Watching the taxes I paid, along with millions of others, getting flushed down the drain for votes and warm feelings sends my stomach acid soaring. Things like free cell phones. But the free cell phone is not really a worthless program because the crime busters are now able to track users every move. Better make sure you are living right or you may find some badges on your front porch at 0300.

Name:	architect -	Reply
Subject:	Business Owner Reply
Date:	4/5/2012 9:25:45 AM (updated 4/5/2012 9:29:44 AM)

Well Barn, if you plan to stay in business I hope you adjust your fees, prices,rates, etc after you pay ordinary income tax on "whatever is left over at the end of the year" (I assume that is what we usually call "profit") so that in the new tax year you recoup whatever you paid extra income tax on that profit plus any other taxes and fees you pay for other reasons to other jurisdictions.

BTW: I'm really as "smart" as a landlord as a business owner...I know enough math to see when to raise rents and when to raise fees. I guess Boortz is the dumb one.

Name:	Barneget -	Reply
Subject:	Thanks for the advice
Date:	4/8/2012 9:49:34 PM

but, my competition is on most every corner, and probably a lot more economically diverse than yours. We have seen years when it was easy to pass through expense increases, and others that we had to hold the line and eat the additional costs ourselves. We juggle primary, secondary and tertiary supplier commitments, and credit lines, to keep our supplies flowing at the lowest possible cost, which our business model calls for us to turn at the lowest competitive price. We work hard to provide our customers with clean, safe, secure environments, and a sense that they can count on us for quality and value. We work just as hard to take care of the people that are the faces of our business. In the end, and on balance, we, my wife and I, earn a respectable living. That is to be expected as we leveraged our accumulated savings after 30 years of working for others into a business that at times requires me to sweep parking lots or clean restrooms. I can't just raise the rent and generate a desired eoy number. We fight for it, on multiple fronts, every day. We do this while faced with ever increasing nonsensical regulatory assault from the FDA (all hands trained on cig and tobacco merchandising, which they have NO ROLE TO PLAY), EPA (all hands trained on manual system recovery, in a totally automated environment, which precludes any manual operation), DoL (staff must look like community served, justify education and work history reference requirement), NLRB (postings requiring union organizing information), DoJ with ADA (now routine repairs are subject to latest ADA standards) and USDA. Our end of year scorecards show that most days we win, some others not so much, but thanks for the advice.

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