McCain should have picked a different plumber - Page 4

TheMercenary · 10-17-2008, 08:33 PM

Quote:

Originally Posted by monster

How often did he say maverick?

Screw that, how many times did he say "My Friends"? Less than the last time. Holy crap, I wanted to bitch slap him. I am not your GD friend already.

Clodfobble · 10-18-2008, 10:28 AM

Quote:

Originally Posted by TheMercenary

Most small companies are not super profitable now days, in fact most are just above water, dog paddling.

Which would mean they're not clearing a $250,000+ profit, wouldn't it?

Undertoad · 10-18-2008, 10:31 AM

Are they taxed on the profit or the gross?

DanaC · 10-18-2008, 11:20 AM

The way Obama explained the other night: they'd get taxed at the extra percentage on everything above the 250k mark. So they'd be taxed as normal up to 250k and would pay an extra 3 or 4 percent on everything above that. My guess is that's worked out on income rather than profit.

xoxoxoBruce · 10-18-2008, 11:30 AM

I was under the impression companies are income taxed on profit.

DanaC · 10-18-2008, 06:36 PM

Quote:

Originally Posted by xoxoxoBruce

I was under the impression companies are income taxed on profit.

*shrugs* you're probably right. I have no idea how this shit works :P

10-18-2008, 11:30 AM	#5
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	I was under the impression companies are income taxed on profit. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

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10-18-2008, 10:31 AM	#3
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	Are they taxed on the profit or the gross?

10-18-2008, 11:20 AM	#4
DanaC We have to go back, Kate! Join Date: Apr 2004 Location: Yorkshire Posts: 25,964	The way Obama explained the other night: they'd get taxed at the extra percentage on everything above the 250k mark. So they'd be taxed as normal up to 250k and would pay an extra 3 or 4 percent on everything above that. My guess is that's worked out on income rather than profit.

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