the funny thing about people thinking 250k is rich is that people think that people making 250k are doing their job and being given 250k or more in salary. When most of the people making 250k a year own a small business and having to pay for employees, rent, etc. So that 250k they make ends up being like what after all that and taxes? 30? 40? 50? 60? a lot of the time.

I hope one day I can afford a lamborghini and then figure out where Fly lives and drive it past his house back and forth all day long

My bad....I didn't know that 250K gross equates to 30K net income.

Makes you wonder why they don't just work for the small business instead of owning it.

But how much do they lose?

In NYC you need at least 300k to make a decent living!

You get my point. And it probably does equate to 30k net in a lot of instances.

But let's say the owner makes 250k and then takes home 100 or 120 after paying employees, rent blah blah blah. Why do you think this dude should have to pay an extra 10-15% in taxes? He is probably busting his ass and has created jobs for other people. Do you not think he should be able to take that extra 10-15% that libs don't think he is entitled to and spend it on his family in whatever way he wants? V.S. say paying for some idiot who dropped out of high school and life basically sucks?

Such a sad state we are in when we have a lot of citizens who think they are entitled to someone else's hard work, makes me ****ing sick to my stomach. I would wipe my two year old's ass with 20 dollar bills and flush it down the toilet before giving it to some idiot via the government who can't even buy food on his own.

http://www.youtube.com/watch?v=19v5Kjmc8FI

MAKES ME ****ING SICK TO MY STOMACH

check all that apply:

[ ] because they're black
[ ] because they're unable to articulate where the money comes from
[ ] because they shud "just get a job!"

LOL, must be fly's buddy?

I do not give a **** if they are black, and there are plenty of white people who have the same fricken mindset who make me just as equally sick to my stomach. Question, if these people sounded WHITE, do you think I would be OK with it given my recent posts on this subject?

Ya, she can't articulate where the money comes from, so she is not smart, clueless. And clueless people shold not be entitled to other people's money. Helpless people? sure, clueless? no

Also, Jiggs, are you saying this audio DOES NOT make you sick to your stomach? You enjoy hearing this from a seemingly able bodied sounding citizen?

It seems pretty racist for you to assume the people in the audio clip are black. You can't see who is talking. Do they "sound black" to you?

The first sounded disabled in a wheelchair and the second was clearly a retired pensioner.

Whatever, a lot of people got given stimulus money they shouldnt have, but you arent whining about those bankers getting bonuses out of it that i can see.

I'm no financial wizard, but if someone owns a business that grosses $250,000, that's not the same as the person making $250,000. Does it put a person in the $250,000 tax bracket if they own a business that makes $250,000 BEFORE employees, rent, materials, etc. are paid and bought for? I honestly don't know, but I have serious doubts about that.

On your second point, I just don't agree with you.

How many people does that make up?

I save my anger for things that matter, like corporate socialism and invasion based on fraud. Not poor or indigent people's false hope.

Anyhoo, by other people's money, you mean Bernanke, Paulson, etc.?

I dont understand the question.

I mean whatever, lets say the small biz grosses 350 or 550.

But my point was, there are very very few people who get paid 250k plus as a salary, compared to the amount of small businesses out there that bring in 250-350k in.

Income = Revenue - Expense. Business owners don't pay income tax on revenue, or even on gross profit. No one whose gross profit is 250K would be considered to have made 250K, not accountants, not IRS, not his friends or wife.

http://en.wikipedia.org/wiki/Gross_profit

Meaning how many bankers benefit from the bonuses compared to the amount of people in the country that benefit from government assistance.

Ok...and that changes things how? Are people who get paid $250K rich and people who net $250K from a business not? I don't get it.

Maybe you should leave the small business advocacy to people who own small businesses or, you know, people that understand how to calculate income?

Haha, I wonder how many times you can find posts of the form {Totally incorrect understanding of a basic issue}------>{Over the top polemic}.

I dont really care what people think is rich or not.

If I ran a successful cupcake business and liked doing it I am sure i would be just as happy making 75k a year as I would be making 350k a year running that cupcake business.

But I would be a lot happier making 75k a year and paying 10k in taxes, rounding out at 65k a year take home, then I would be earning 350k a year and then taking home 175k. Knowing that by expanding and becoming a more successful cupcake company just means that more of my hard earned money is being pissed away on idiots and that would piss me off, even though in reality I am taking home about 100k more.

Ok whatever, lets say business owner gross revenue is 10 million dollars in a very successful business. After paying everything, he takes home 300k. But then after all of the highway robbery taxes on this successful business owner, he takes home 150k. With 150 being pissed away into the wind by the government.

You are Ok with this?

Sorry I would rather be some construction worker making 50k a year out in the sun, then having to deal with the daily operations of a successful business and then have my 300k salary slashed in half to pay for Obama's wealth cheese spread.

That 150k is being used to let his business make 10 million dollars.

What do you think the amount should be? I don't really have strong opinions. (I just don't see the point of you getting so rilled up about something you understand so poorly.)

So you are irrational? Obv we can't take your lunatic rantings into account when making laws. Sorry.

The irony of this statement (coupled with the thread title) I'm sure is lost on you.

How many folks do you honestly believe say "Jeez, I've love to expand my business, the demand is there, and I will acquire more wealth, but I don't want teh blacks getting any more of my hard-earned doughz"?

.00001%?