No worries. Thankfully as a self-employed or small business owner, you get to offset much of your revenue with those expenses. (I pay income taxes in two countries. 40% would be nice.)
The recession is affecting what I buy because customers are taking more time to pay me. Business opportunities are still there. I do expect it to get worse before it gets better, though. On Fri, Oct 31, 2008 at 5:47 PM, Michael B. Smith <[EMAIL PROTECTED]> wrote: > Thanks William. > > Regards, > > Michael B. Smith, MCITP:SA,EMA/MCSE/Exchange MVP > My blog: http://TheEssentialExchange.com/blogs/michael > Link with me at: http://www.linkedin.com/in/theessentialexchange > > -----Original Message----- > From: WL [mailto:[EMAIL PROTECTED] > Sent: Friday, October 31, 2008 5:45 PM > To: NT System Admin Issues > Subject: Re: So... how is the recession affecting your buying decisions? > > www.kleenex.com > > > On Fri, Oct 31, 2008 at 1:49 PM, Michael B. Smith > <[EMAIL PROTECTED]> wrote: >> I get irritated. >> >> >> >> I'm a "small business owner" with a minority partner. Our revenue is what > it >> is. But we've already got a 40% tax bite PLUS what it costs us to run the >> business (supplies, travel, marketing – TANSTAAFL). >> >> >> >> It's a VERY rare week when I get to work only 40 hours a week. >> >> >> >> And yet…because I work hard for my money, I was willing to take a risk and >> go out "on my own", and was somewhat successful – I should pay even MORE > for >> that? Even after the self-employment tax I already pay? >> >> >> >> Bah. It's almost enough to make me want to go flip burgers. >> >> >> >> Regards, >> >> >> >> Michael B. Smith, MCITP:SA,EMA/MCSE/Exchange MVP >> >> My blog: http://TheEssentialExchange.com/blogs/michael >> >> Link with me at: http://www.linkedin.com/in/theessentialexchange >> >> >> >> From: Benjamin Zachary - Lists [mailto:[EMAIL PROTECTED] >> Sent: Friday, October 31, 2008 4:35 PM >> To: NT System Admin Issues >> Subject: RE: So... how is the recession affecting your buying decisions? >> >> >> >> To the top few percent, they have money all over the world. Raising taxes >> here and there in the grand scheme of things doesn't make much difference. >> >> America levies pretty hefty taxes, and I think it was something like the > top >> 5% earners pay about 50% of the taxes in this country, between income tax, >> luxury tax etc. Now you want those same 5% to pay another 10%? Or 20%? >> >> >> >> Notice how the bar keeps sliding, it went from 250k, to 200k and Biden > even >> said 150k the other day. 150k for a dual working family is far from rich! >> And to pay another 1,500.00/yr or so in taxes (forget higher prices on > top) >> only means no vacation that year, or wait an extra year to buy that car, > or >> upgrade the house. >> >> >> >> People who make money know HOW to make it, they treat a dollar like an >> employee, having the dollar sit in a bank does not make more revenue for >> them. trickle down economics work because if you can get more people to > buy >> more of your goods then you make more money. Then you hire more people >> because production is up, and then profits go up with it. Raising taxes, >> means you do more with less, because sales go down because you have to > raise >> the price of your goods to compensate for the higher tax. >> >> >> >> The thing that disgusts me is that people think they are entitled to more. >> In the tax cut for 95% of America, 40% of those don't pay income tax. So > the >> only way to lower their tax any more is to give them a check, that is > called >> welfare, the government handing out checks for money you didn't earn, this >> is also called socialism as a common definition. >> >> >> >> So if 40% of America is going to get a 'check' back then 40% of America is >> in a welfare system. The problem is these programs for people are out > there. >> When I was struggling we were on Medicaid when my wife got pregnant and > were >> taken care of just great. The programs are there, people think they > deserve >> a check. >> >> >> >> Did anyone see the woman complaining about how she can only afford ½ > gallon >> of milk and not a full gallon. First off she was extremely overweight so >> food didn't seem to be a problem, there was a 2 liter coke bottle in the >> background, and she had those long curvy designed nails, which costs about >> 50 bucks. So while shes crying she cant afford milk, she can afford soda, >> and to get her nails done. I guess she will get a nice big 'check' so she >> can get her nails done more often. >> >> >> >> > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
