taxpayers subsidize ceo pay

#101
#101
rmsmith said:
Anyway. I'm out. Other than giving reasons why i should think differently people just resort to more assumptions.
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What business are you in? I make assumptions because small business people have certain thoughts and theories on life and success and you don't have either
 
#102
#102
NEOCON said:
I think it would really help if every american was forced to take a class that teaches the basics of how a corporation is ran and how cashflow and taxation works. It might help alot.

Never gonna happen but it might help.
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There are many things America should "share" with it's people. Wonder why it will never happen?
 
#103
#103
rmsmith said:
sure you assumed, i've never told you if i've ever ran a business or not. You may think you know the answer. but you can not state that you know for sure.
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They are making that assumption because you said that if a business owner can't pay themselves a salary they have a flawed business plan. Reality is most business owners don't draw a salary for the first year of the business. When the economy dips, eliminating the owners salary is the easiest short term cut to make. Many owners will do this for the long term viability of their company.

How to Set your Salary as a Startup Business Owner
 
#104
#104
tri_vol said:
They are making that assumption because you said that if a business owner can't pay themselves a salary they have a flawed business plan. Reality is most business owners don't draw a salary for the first year of the business. When the economy dips, eliminating the owners salary is the easiest short term cut to make. Many owners will do this for the long term viability of their company.

How to Set your Salary as a Startup Business Owner
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That is not the case in all situations.
It depends on the type of business, some make money the first month of starting their business.
 
#105
#105
Gramps said:
That is not the case in all situations.
It depends on the type of business, some make money the first month of starting their business.
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Thats why I said most businesses and not all. Even if a company makes money the first month or year, some business owners may forgo or defer salary to reinvest in their business.

A business owner is more concerned with the long term viability of his company than collecting a paycheck.
 
#106
#106
tri_vol said:
Thats why I said most businesses and not all. Even if a company makes money the first month or year, some business owners may forgo or defer salary to reinvest in their business.

A business owner is more concerned with the long term viability of his company than collecting a paycheck.
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well said.
 
#107
#107
govols09 said:
What business are you in? I make assumptions because small business people have certain thoughts and theories on life and success and you don't have either
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Small business people have ipo's? capital gains has been the topic all along. No idea how it shifted to small business.
 
#108
#108
tri_vol said:
Thats why I said most businesses and not all. Even if a company makes money the first month or year, some business owners may forgo or defer salary to reinvest in their business.

A business owner is more concerned with the long term viability of his company than collecting a paycheck.
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I agree. Took my uncle 10 months to get into the black. they'll get paid, just have to be patient
 
#109
#109
tri_vol said:
They are making that assumption because you said that if a business owner can't pay themselves a salary they have a flawed business plan. Reality is most business owners don't draw a salary for the first year of the business. When the economy dips, eliminating the owners salary is the easiest short term cut to make. Many owners will do this for the long term viability of their company.

How to Set your Salary as a Startup Business Owner
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We're also making that assumption because he has zero knowledge regarding the stock market or basic finance (with his comment that secondary market transactions for stocks provide no value to a company).
 
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#110
#110
tri_vol said:
They are making that assumption because you said that if a business owner can't pay themselves a salary they have a flawed business plan. Reality is most business owners don't draw a salary for the first year of the business. When the economy dips, eliminating the owners salary is the easiest short term cut to make. Many owners will do this for the long term viability of their company.

How to Set your Salary as a Startup Business Owner
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Do they run on savings til they get a salary?
 
#111
#111
Actually I'm not an expert in investment by any stretch so don't think I'm trying to preach here by any means. But reading this discussion... if you paid a flat tax on income earned from capitol gains. Wouldn't any losses be deducted anyway? IE you invested 20K on a diverse portfolio (which most do if they are smart no?), and they all gain and you make 10K in income. Then you are taxed for 10K. But if some lose and some stay flat and you only make 5k, then you are only taxed for 5k...

To me that seems like the whole "losses written off" would just be built in. However, I also think the system also tries to tax you for the ENTIRE sum. IE if you start with 20K and end up with 30K you are taxed for 30K, which if that is the case that is complete crap. Again I could be wrong but I remember the huge fights over capital gains in the 90's and that was a point that supposedly was not getting out there...
 
#112
#112
milohimself said:
Ditch income tax (or reduce it greatly) and use VAT as the primary method instead. It's eloquent and creates much less opportunity for fraud, evasion or political tinkering.
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I personally don't like the "fair tax" or VAT approach because the poorer you are the higher percentage of your income is spent on consumption (groceries, clothes etc), so effectively that would be a huge tax hike. To me the best system is a flat percentage on all income for ALL people. No loopholes, no write offs, and you hard cap that number at 10%.
 
#115
#115
OrangeYankee said:
I personally don't like the "fair tax" or VAT approach because the poorer you are the higher percentage of your income is spent on consumption (groceries, clothes etc), so effectively that would be a huge tax hike. To me the best system is a flat percentage on all income for ALL people. No loopholes, no write offs, and you hard cap that number at 10%.
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The FAIR Tax remedies that with a "prebate"
to ensure that spending up to the poverty line for necessities is untaxed.
 
#116
#116
GAVol said:
The FAIR Tax remedies that with a "prebate"
to ensure that spending up to the poverty line for necessities is untaxed.
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I can see that, but to me if you have to subsidize anyone then it's not really fair. But if we went that route I'd think you'd have to do it that way. I can't explain it but I just always prefer an income model. But it has to be hard capped and can't be raised for it to work (and that may be much harder to get through).
 
#117
#117
tri_vol said:
He's fortunate that he got there so quickly
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he owns a few of those 'pak mail' type stores. i'm sure it's not much start up capital required. He used to own a few mini warehouses and before that he owned a muffler factory. But I was around 7 when he sold that so i have no idea what that business was like.
 
#121
#121
Gramps said:
I do not like the idea of a national sales tax.
That would be a huge tax increase on the poor

I rather see a flat rate income tax on all income over poverty level with no deductions.
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A national VAT is more preferable IMO, and there has been the idea of a "prebate" where households up to a certain percentage of the poverty level aren't subject to it

Unlike most others here, I don't have some moral opposition to the income tax. I just recognize that is one of, if not the biggest sources of government pork, and easily subject to fraud and evasion. VAT is eloquent, harder to write in pork and much harder to evade or defraud.

In addition, it doesn't necessarily provide some 0% tax shelter for the investor class, if they're not having their income or capital gains taxed, then it's not a double tax. When you buy something, you pay VAT on it, whether it be a sofa, a car or stock/share.

Considering income tax can't really be done away with, if it were that VAT combined with a linear scale of rates between 0-10% from 200-500% of the poverty line (just throwing it out there), I recognize that negates the double taxation, but somewhere low enough where evasion would be relatively minimal. Just trying to deal with reality there.
 
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