Months before the election, the conservative radio host made a prediction: "If Obama wins, the Republican Party is going to try to maneuver things so conservatives get blamed." On the night of Nov.
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#72 Nov 12, 2012
Best coverage of election night goes to CNN. Their graphics, computerization of states, and counties was far superior than FOX.
CNN dug down deep into individual counties in the states, not so, FOX.
One heard states called for Obama by CNN and then when you switched to FOX, they were behind in their predictions for these same states!
Karl Rove and Dick Morris lost their integrity with their feckless predictions. They looked to the numbers, percentages- past and present- and forgot about emotions and organization.
FOX needs to get rid of the pretty girls and get some in-depth qualified reporting and follow CNN lead with digesting election news.
2014 is coming next!
Let's start a shellacking of democrat senators in '14
Latinos are family oriented, religious and hard workers, they BELONG UNDER THE REPUBLICAN TENT!
Republicans should NOT let FL become the next democrat dominated state, like CA. Grab the opportunity to take back latinos. They are natural republicans, not democrats.
#73 Nov 12, 2012
"Is there any sane person who didn't know Mitt Romney didn't stand a snowballs chance in hell of getting Ron Paul voters and independants to rally behind him to stop obama?"
"Not a single peep that Obama was the person who ripped off the seniors and disabled of their cost of living increase for not one but 2 years straight"
Cost of living increases are determined by formula,
not presidential whims.
Not a single peep of thanks to Obama for the payroll tax holiday.
Since: May 08
#74 Nov 12, 2012
hey stupid. "NET" is the profit you have after expences are deducted. That includes wages. You pay taxes on net profits not gross sales. That is the difference between sales tax and income tax.
#75 Nov 12, 2012
The Conservative Entertainment Complex has fleeced, distorted and lead astray the entire Right Wing Radicals by telling them what they want to hear despite the vast majority of America rejecting those stale ideas.
The Knuckle dragging Neanderthals loss again.
“All power to the people.”
Since: Mar 07
#76 Nov 12, 2012
#77 Nov 12, 2012
Yes, I realized as soon as I hit the key to post the comment that I had transposed the two. Oops.
Many small companies taxes are based on gross sales. They get a lot of deductions that aren't available filing another way, but tend to pay slightly higher tax rates on their profit.
My ex-uncle has a small construction company with only a few employees and for bigger jobs, he subbed out some of the work, and this is how he used to file. And the only reason I know that is because my aunt kept his books and was constantly griping because he was terrible at keeping bills and reciepts and she had to spend a lot of time calling lumber yards, subs and suppliers, chasing down copies so that they could use the deductions. They were audited three times in five years (with no mistakes, fines or penalties) and the third time, being the wiseguy that she is, she simply threw all the reciepts into one big box and placed that on the desk in their home office when the auditer asked for the records.
They were never audited again.
#78 Nov 13, 2012
Taxes apply to profits. Deductions are expenses, expenses deducted from revenue gives you your profits, which taxes are applied.
Quarterly Taxes can be filed, your quarterly payments will satisfy you year end tax liabilities.
#79 Nov 13, 2012
That's what I said, though I didn't mention the quarterly payments.
The individual is the business...sole owner or sole proprietor. Gross earnings minus allowable deductions. Full personal liability for losses or lawsuits, where an LLC or corporation protects owner(s) personal property and assets.
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