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Old 03-01-2013, 07:10 PM   #851
SV Fan
Join Date: Dec 2008
Posts: 8,036
Default Re: The President Obama Thread

Originally Posted by Kelly View Post
Well, considering my friends put almost 100% of what they make BACK into growing their business. It would be nice if they had more $$$ to do that...instead they are holding off right now on the hiring. They could easily use another 4 people in their business, but it's not going to happen right now.
Let's say they make exactly 1M, not renewing the Bush Tax cuts over 400k means they would lose out on 26.4K. I am not even sure that is enough to hire 1 person Full time

Also any money the store puts back into the business, can't they write that off when it comes to tax time? basically if your friends are making over 400k for a new business after they write off all the expenses the business has, more power to them but they doing good for a small business.

Last edited by SV Fan; 03-01-2013 at 07:18 PM.
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