It’s Work, Avoiding Work

water board wall street

Get a job!

Below is an example of someone who “works” at avoiding work, see the Ad below and the email response.

The Mainstream Media (MSM) and the White House (WH) brand their own heroes, like the entire Occupy Wall Street (OWS) movement. No matter what type of movement OWS stands for, including bowel movements, they get a pass.

If you watch the MSM and believe their version of the story, you are being “programmed” for failure. If you are under-privileged, disadvantaged, abused, down on your luck, to the MSM, you can be a hero. You can be on the Front Page. If you do something the MSM programs as good, it erases everything else that’s bad.  Bad doesn’t matter.

MSM says… Out of work, good, successful, bad.  Pacifist good, warrior bad.

Chris Kyle

Chris Kyle

There are many everyday heroes, who go about their business, tirelessly, day in, day out, giving it all they’ve got, not giving in, or giving up, to make this world a better place.

If you are up at 4 AM, at work by 5, slinging hash by 6, you’re just another working stiff, chances are, exit Stage Left, no one is interested.

The MSM, they don’t get it. They’re not up at 4 AM. If they are, it’s not to share donuts and coffee with the local cops, or to understand who the real American are.

The real heroes are the everyday, every time, everywhere kind of people, who pay their taxes, to take care of those of you who are on unemployment, those of you on food stamps, those of you on welfare, and those of you with your Obama phones.

If you are, say over 50…? you’ve heard the jingle, “The best part of life, is Folgers in your cup!” It’s a jingle embedded in our lives. We may not live the jingle, but we won’t forget it. Great advertising!  What if the White House came up with a less than forgettable jingle of their own?

How about, “The best part of life, is people giving it all they have.” or “The best part of giving, is not giving up.”

Instead the WH advertises dependency (see a Craig’s List job’s ad response below).

Granted some of the “heroes”, are real life heroes, but only in a moment in time, and like most ordinary folks, they’re just giving it all they’ve got.

If you are on any government program and deservedly so, , you should be very concerned about the freeloaders who make it their job, to thwart the system. Case in point, a fellow small business looking for an office manager, placed an ad on Craig’s List.

Here’s an example of a freeloader “at work avoiding work”, the Ad and the email response (below):

Office Manager Ad

Response Office Manager Ad

Plain and simple.  If you are on Federal Unemployment, you are required to seek employment, right?  Is this is how you apply for a job?

Many Americans work very hard.  Many start early and work late into the night.  Many of us are tired of the lies, and of people taking the easy way out.

We’re tired of the MSM giving lazy, shiftless people a pass, especially Harry Reid and the US Senate.

We’re also tired hearing commercial snippets on NBC (owned by GE) where Brian Williams, tells us to “go green” and turn off the lights. when we leave a room.  No problem Brian. We’ll turn off NBC.  Exit Stage Right.

Romney Was Right! Small Business Owners Are Getting Screwed!

Help WantedI have been shouting from the roof tops about small business owners getting screwed by the Obama Administration’s “drum beating” campaign of class warfare to tax the rich.  Small businesses without a capital infusion from Venture Capitalists (VC) or angel investors, take many years to grow and become profitable.

Our investment capital comes from our own savings accounts, 2nd mortgages and personal loans.  We work immeasurable hours and spend our own money to build our businesses, while our famous “You Didn’t Build That” president, Obama, is trying to take all that away.

Small business owners are not “rich.”  They are getting screwed by Big Government and Big Business because they pay their taxes as individuals if they file as a Sub Chapter S or LLC corporations that pass all income down to the individual small business owner.

Now, as part of the fiscal cliff deal, higher taxes have become a reality for many small business owners.  Obama has done a great job of pitting the poor against the rich at the expense of the middle class, of which, include most small business owners.

The election’s over. Romney was right! Small Business Owners Are STILL Getting Screwed by Obama and his cronies!

Romney in the first 2012 presidential debate was absolutely right when he said,  “The gap between the rich and the poor has gotten larger. The rich will probably do fine if he (Obama) is reelected,” Romney said. “It is the middle class that is in real trouble. And the poor. I want the poor to get into the middle class. So many have fallen into poverty by virtue of his (Obama’s) policies. So this for me is all about the 100 percent.”

The Business Roundtable comprised of 150 of its corporate titans, in return for various forms of “pork”  threw small business under the bus.  As reported by the Wall Street Journal, Big Business Sells Out Small Business“One million small American business owners who pay individual income taxes shoulder a big rate hike (up to 39.6%, from 35%) while radically lightening the tax load for the Roundtable’s own corporate behemoths (to 28% from 35%).”

Additionally, when a separate bill is passed to lower corporate tax rates, by which any corporate tax reform will hinge upon on closing “loopholes” to pay for a lower corporate rate. Small business owners would lose tax perks along with everyone else—meaning they would pay even more—but they would not benefit from lower corporate rates.

As reported by the Blaze, Who’s Really Selling Out Small Business, “The $625 billion tax increase passed. Big business didn’t get their corporate tax cut…yet. But boy did they get goodies $40 billion in crony capitalism payoffs. The new tax bill gives away $78 million in tax breaks to benefit NASCAR; $62 million in tax credits for companies operating in American Samoa; $222 million of tax rebates to rum companies; $430 million in tax rebates for Hollywood film producers; $12 billion (with a “b”) in tax credits for wind power phonies like GE; $2.2 billion to renewable diesel companies; and $222 million in accelerated tax depreciation for businesses located on Indian reservations. Many of these companies will pay no taxes at all because of these rebates and credits.”

Much of the money small businesses earn, gets taxed as individual income, and would be reinvested in their businesses.  The naysayers would say, the money that is reinvested in the business is tax deductible because it can be expensed and therefore is not taxable.  The problem with that theory is a little thing called cash flow.  Cash flow is the Holy Grail of small business, money held in reserve, money not yet spent, which is essential for a small business, money that fuels business growth.  That money is is taxed as individual income for a small business owner.

Finally, there will be so called experts, that will say change your filing to a “C” Corp.  Without getting into all the details, every small business looks at the pluses and minuses of S Corp. vs. C Corp, vs. LLC etc… and a properly run small business will know best how to file their taxes.  Only they would know, based on their situation, what’s best when it comes to filing their taxes.  If you think you know better, start your own damned business and see how that goes.  I’ll still be shouting from the rooftops, that small business owners are getting screwed!

Here’s a small business owner’s take on how small businesses are being sold down the river by this administration and he voted for Obama.  Gia Pronto owner Marco Lentini on how government policies’ are impacting small business growth.  Is Government Getting in the Way of Small Business?

There Is No Lance

Washington ParkI’m no Lance.  You’re no Lance.  There is no Lance.

Since early childhood I have lived by the creed, before you judge someone else, “put yourself in the other person’s shoes.”  I am a cyclist, albeit, a sorry ass one at best.  Sadly I will never be compared to the elite cyclists one speaks of, in the same breath, with Lance Armstrong.

I am and will remain a huge supporter of Livestrong.  The work Livestrong does for cancer victims is excellent and incontrovertible. The organization and the people behind it, sans Armstrong, are absolutely amazing.

Even before Lance’s true confession, I have tried to put myself in Lance’s shoes.  First and foremost, it becomes extremely difficult, unless you have been diagnosed, been treated and lived with a life threatening cancer.

There are many of Lance’s detractors who have never had cancer, let alone been on a bike seat, or experienced the extreme sport of competitive cycling or can even begin to appreciate his inimitable brilliance and determination.

Still there will be many of Lance’s detractors who have been diagnosed with cancer, so thank God, I’m at a distinct disadvantage here.  I can fall back on the fact I have one sister who is a breast cancer survivor, another sister who is battling breast cancer as I write this.

I am here to say, I have a serious problem with many of Lance’s detractors who have never experienced his amazing journey from serious life threatening testicular and brain cancer to recovery.  Back to trying to put myself in Lance’s shoes, as a cancer survivor, in his case, it was nothing short of being raised from the dead.

The problem is he had already doped.  He already knew how to dope.  He knew the culture of doping in pro cycling.  He knew other elite athletes in his profession were doping.  So he doped.  Somehow he won.  It was off to the races.

His genius and competitive furor brings to mind Steve Jobs and his achievements in cycling why competing with co-conspirators were immeasurable.  If you have read the book or studied the life and work of Steve Jobs, the comparison to Steve Jobs, is to say Armstrong is also a complete asshole.  It begs the question, is ruthless determination, the price one must pay to celebrate incomparable success?

The saddest of all, for me in this and for other cycling enthusiasts is the effigy of a championship cyclist.  We may never know.  How tragic.  Lance will never know.  We will never know if he was truly a great champion.  If in fact, if there was someone who rode clean, who could remotely challenge Lance, will we ever know who the greatest cyclist(s) in the history of the sport is, truly?

I will say this, if they were complicit in any way, they aren’t going to receive a pass.  If they were innocent and Lance rolled over them, he needs to make it right.  I would hope he would.  If not, he’s still the biggest loser, because this is one of his only means of redemption.  The other, is to protect and nurture his love for his family, especially his children.

I can’t remotely place myself in Lance’s shoes when it comes to his admonitions, accusations and confessions.  Lance was larger than life.  For a time, Lance’s achievements were larger than his lies.  No more.armstrong confession

In the end, none of his perceived success either on the pro circuit or in his work for charity can be applauded.  Neither can it be easily and lightly be disparaged and denigrated.  Why?  Simply, no one can ever possibly imagine, or conceive to “put yourself in Lance Armstrong’s shoes.”  Lance Armstrong is an enigma.

I’m no Lance.  You’re no Lance.  There is no Lance.

What I know for certain is we can Livestrong!

2012 – You’re Dead To Me… Part Three – You Didn’t Build That!

The Real One Percenters - Small Business People

The Real One Percenters – Small Business People

Pants on Fire! Where’s Politifact When You Need Them?

The Tampa Bay Times Thursday July 26th, 2012 issue, posted this front page headlines…

“Tampa businesses criticize Obama at Romney event, but live off government work.”

EntrepreNever

If it takes you 25 years of sweat equity running a ‪small business to make it into the 1% don’t you think there should be a waiver from the Obama administration on his tax on everyone who makes $250,000 or more?

Entreprenever Barack_Obama

The Endangered Species, Entrepreneurs, a.k.a. Small Business Owners

President Obama is disingenuous when he says he is championing small business and the middle class.  Most small business owners are Sole Proprietors, Limited Liability Corps (LLCs) or Sub S Corps.  I own a Sub S Corp.  President Obama knows the challenges I face.  He is counting on you, the voter, to lump small business owners like me into his campaign to denigrate the high income earners in this country.Hug

The Regulatory Tidal Wave – Vote Early and Vote Smart

The current path for our country includes tax increases and a tidal wave of more than 4,100 new federal regulations with a calculated cost of a half-billion dollars. This is a reality looming in Washington that has not been pushed to the forefront of discussion as “pending” under the current administration. It is impractical to think that businesses large or small can continue to hire employees without some semblance of predictability on taxes and regulations.Capture

Small Businesses – Over Regulated? Thousands of Community Banks a.k.a Small Businesses May Disappear!

Many community banks and credit unions are small businesses too and are subject to the same laws and regulations facing big banks.  The Feds have closed down 10 of our FI customers, costing them their jobs and costing us hundreds of thousands of dollars in lost revenues.  Speaking to many of our contacts at these FIs, most closing could have been avoided.

According to several of these sources, the Feds come in at the end of business day, Friday and take over the bank.  One source, described it similar to be treated as a criminal as she was forced to stand outside her cubicle while they accessed her PC.  She was kept there until after midnight.

Recently, an expert on financial services stated “there will be no de novo (startups) financial institutions due to the steep financial requirement and regulations.”

regulations.gov

As the number of community banks and credit unions shrink we are forced to seek new markets.  An added burden to  already burdensome economic conditions.  While the Obama administration panders  to big business, big union and advocates big government, small businesses continue to bear the brunt of over regulation.

This is the official government “fair warning” website regulations.gov.  Be afraid!  Be very afraid!

 

Save Small Business from the Fiscal Cliff – Letter to US Legislators from the NFIB

capitolAs a small-business owner, I urge you to act now to prevent the tax increases that will impact small businesses if action isn’t taken to avoid going over the Fiscal Cliff.

Several tax rates that affect small business are set to expire at the end of this year. Some of the changes that will impact small business include:

● Individual income tax rates would rise; the 15 percent bracket would become the lowest tax rate. The 25, 28, 33 and 35 percent brackets would rise to 28, 31, 36 and 39.6 percent

● The estate tax rate would increase from 35 percent to 55 percent, and the exemption would decrease to $1 million from $5 million

● The capital gains rate would increase to 20 percent from 15 percent for top earners and rise to 10 percent from zero for those with lower incomes

● Dividends would be taxed as ordinary income rather than capital gains

● The Section 179 expensing limit will fall back to $25,000 and real property will no longer be included

● The start-up deduction for businesses will be reduced from $10,000 to $5,000

● An estimated 31 million additional taxpayers would be required to pay the AMT

This adds up to an almost $500 billion tax increase for 2013 alone. This is a major concern for small business owners like me, since I do not know what my tax liability will be next year. The uncertainty this creates is already having an impact on my ability to make plans to grow my business or add jobs.

Most small businesses are organized as pass-through entities, where the business owner reports their business’s income on their individual tax returns. Allowing the current tax rates to expire will increase the taxes that small businesses pay, directly impacting the ability of small-business owners to invest money back into their businesses.

Raising taxes on small businesses, especially in the current economic environment, hurts our ability to grow and create jobs. I encourage you to give small-business owners the certainty we desperately need by extending all the current tax rates across the board and fighting to avoid the Fiscal Cliff.

Message delivered to:
Senator Bill Nelson
U.S. Senate
716 Hart Senate Office Building
Washington DC 205100001
Fax: (202) 228-2183 via fax

Message delivered to:
Senator Marco Rubio
U.S. Senate
317 Hart Senate Office Building
Washington DC 205100001
Fax: (202) 228-0285 via fax

Message delivered to:
Representative Gus Michael Bilirakis
U.S. House of Representatives
407 Cannon House Office Building
Washington DC 205150001
Fax: (202) 225-4085 via fax

All Obama Can Do Is Ask Us to Look in the Rear View Mirror

Cadillac One -We Can’t Afford! to Go Forward!

Obama has been in the driver seat for four years with a majority in Congress for two years prior to his election and two years after his election, four more years than many presidents and the Democrats held the majority in the Senate for six years.  And yet his campaign is all about telling us to look in the rear view mirror, a.k.a. “it’s Bush’s fault.”  Since January 2007 and for four years, the Democrats were driving the bus.  We get Obamacare and 6 trillion in debt.

If you like this president and you believe in this president, just read Chapter Five of the book, Throw Them All Out.  If you still vote for this president, that’s on you.

Obama’s campaign slogan is “Forward.”  Frankly we can’t “afford to go forward, four more years with this president.  Obamacare alone will sink many small businesses and put us deeper and deeper into debt.  We have already spent more resources, more time, more energy, millions upon millions of dollars in personnel, administration and legal fees to shape this law.  If Sarah Palin had one amazing quality it was to tell it like it is, and Obamacare as it pertains to a solution to our healthcare’s rising costs, is like “putting lipstick on a pig.”

Highly regulated, healthcare is not free market capitalism and competition has been stifled.  Big insurance companies thrive on a highly regulated government subsidized system.  They want it.  They own the politicians.  The lawyers on both sides can pretend to fight for their constituent’s, then club it after work.

Obamacare is a politicians dream and a lawyer’s wet dream.

Now Obama’s campaign is about raising taxes on the high income earners.  That’s all well and good.  What he doesn’t understand is small business owners pay their taxes as ordinary income.  This is a legal structure setup to help small businesses to compete with large corporations.  Small businesses don’t need to pay more taxes.  The higher our personal tax rate becomes, the less we can invest in our small business. Raising taxes on ordinary income is raising taxes on small businesses. Lower the corporate tax rates for all businesses and more small businesses will follow.

High income earners are willing to pay more if big government spends less.  If big government didn’t pick favorites and simply lowered taxes on all businesses, we would have a chance to prosper.  Reign in regulation, stop subsidizing green energy companies and stop playing to the unions, a.k.a. Government Motors (GM), GE and Chrysler.  Stop subsidizing the oil business, but to be fair, stop subsidizing all big businesses.  Leave it to the states, counties and local governments to compete for and attract business.  Businesses will do better to choose a location and flourish where it is best for them, their employees and the community.

Bottom line, less big government, to the tune of $16 trillion in less than four years, less big union, like the takeover of GM, less big business influence, like the stimulus dollars paid to failed green energy companies, including Ted Turner and GE and less unemployment and welfare to us, as individuals, will follow.

Like Alan Kay says. “The best way to predict the future, is to invent it.”  Big government, get out of the way, let us reinvent ourselves.  We have the uncanny ability to prosper through free market competition.  That’s what’s best for our future.

Footnote:  Many conservatives may wonder why Governor Christie is pandering for Obama five days from the election.  Many say it is because he wants what’s best for the State of New Jersey.  I cry “Bullshit!” Obama came out and said he was going to do what’s best for all victims of this hurricane and I believe him, not because he cares, but for political expediency and his failed policies that left 4 American’s dead in Benghazi.  Christie is embracing Obama after this storm because he knows the door is wide open for him as the presidential candidate in 2016, if Romney is defeated and Obama is re-elected for another term.  Christie better hope the door is wide open, because what he had better understand. That at 69 years old, Romney will still be in better shape than Christie to win the next election.

The Endangered Species, Entrepreneurs, a.k.a. Small Business Owners

President Obama is disingenuous when he says he is championing small business and the middle class.  Most small business owners are Sole Proprietors, Limited Liability Corps (LLCs) or Sub S Corps.  I own a Sub S Corp.  President Obama knows the challenges I face.  He is counting on you, the voter, to lump small business owners like me into his campaign to denigrate the high income earners in this country.

What he doesn’t want you to know is small business people, like me, often take a lesser salary, but often earn more than his definition of   “rich” because I have to pay taxes on the combined total of my salary and my business earnings.   Both are considered ordinary income.  By ordinary income, I mean income you and I pay taxes on after pre-tax expenses and deductions, like anyone else earning 1099 or W-2 income.

Keep in mind the risk to a small business owner.  If my business loses money, my salary and my business is in jeopardy.  It is a constant challenge to a small business to earn enough money to employ people, to grow and still earn a salary, in that order.  Contrast that with government subsidized businesses like GE and Solyndra.  Imagine if President Obama had the vision to subsidize small businesses to the tune of Solyndra or GE.  Take Solyndra’s $500 million in taxpayer dollars and give it to 500 small businesses, each with 20 employees or the equivalent of 1,000 employees.  Take my company’s track record over the past 2 years and small businesses would have increased employment by 40%.  I have a neighbor down the street who owns a small business, who increased his small business employment by 3-400 percent, without a government subsidy.

I run a small business, going on 25 years.  I pay taxes on my salary as an employee of my business and on the income my small business earns, both as ordinary income.  For many years, my business didn’t earn income.  For many years, my salary was well below the poverty line.  There were many years I was eligible for government assistance and I refused to take it.

How do you put a price on all the sacrifices a small business owner makes?  How do you quantify the years of no or little income you live with while supporting your business and fellow employees.  You pay their salary, you pay suppliers, you continue to pay them while you wait to get paid by your customers.  How do you quantify the debt you assume, including 2nd mortgages, credit cards, personal and bank loans.  How do you quantify the risks you take only to emerge from that debt as a job creator.  Only to be told, “You didn’t build that…,” the government built that.”  You’re branded greedy, uncaring if you are a Christian who believes in the sanctity of life and racist?  Like Mitt Romney I believe a women should have a choice to abort a pregnancy in the case of rape or incest, yet I’m extreme!?

My business is classified as an S Corp.  Today my income tax rate on ordinary income due to the income my small business earns, in an Obama administration, in the next four years, if he is reelected, will be much higher, 35 – 44.5%.   Today it’s 28%.  From that point forward you can make the argument there are tax breaks, subsidies, deductions for both personal and business income.

Argue the advantages and disadvantages until the cows come home.  The bottom line is the effective tax rate.  The effective tax rate for most small businesses will increase from 28% to at least 35% .  That’s huge.  Even more significant, more important and what President Obama doesn’t want you to know is most small businesses reinvest the income they earn from their business back into their business on sales and marketing programs and personnel and consequently accounts receivable to grow.  This practice creates jobs in all segments of the business.  In my case, I reinvested one-half (1/2) my ordinary income in jobs and other current and performing assets, increasing employment (salaries by over 40 percent) in 2012 YTD alone.

If you are the CEO of GE and Obama’s schmoozer-in-chief, your salary, bonuses and investment income is taxed as personal income.  There’s a good bet the CEO of GE paid little or no taxes on millions of dollars in income, certainly not at the same rate myself or other small business people paid.  His company, GE paid no taxes in 2011.  GE’s income was offset by losses, subsidies, tax breaks and expenses, claims I would wager could easily be overturned and taxes, interest and penalties would be significant.  The problem is GE has always had their hand in the government’s pocket.  There’s no secret there’s a love fest going on today between the Obama administration and GE.

What the Obama administration doesn’t want you to know about small business tax rates, is we pay taxes on ordinary income both on our salaries and on the money our business makes.  As a rule of thumb, a small business owner will take one-half (1/2) of their income as salary and they will reinvest the other one-half (½) of their small business income back into their business.  The small business investment I’m talking about isn’t about capital investments in equipment, furniture and other fixed assets.  The investment I’m talking about is in operating income, including people, sales and marketing, accounts receivable which is the fuel the economy needs to grow.  Operating income comes from small business revenues taxed as ordinary income.

In fact, even large corporations in America pay much higher corporate tax rates than most other countries.  Our higher corporate tax rates are supported by the Obama Administration.   A Romney administration would propose to lower corporate tax rates to be more competitive with other countries we compete with for business.  The irony is Obama touts green energy and competing for high tech business but he will do nothing to lower the unfair advantage international competition has because their tax rates are much lower.

Here are the facts…

On taxes, President Barack Obama wants to raise “the top rate to 44.8 percent.”

http://www.politifact.com/truth-o-meter/statements/2011/may/18/paul-ryan/paul-ryan-says-barack-obama-wants-top-tax-rate-448/

Here’s a potential solution – Fairtax

FairTax - FairTax.org

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