Minimum wage hike is overwhelmingly positive for workers; neutral for business

[KingOrfeo]

No it's not.

Yes, it is, see below.

Without your employer you wouldn't be paying any taxes, and your employer gets all their money they pay you and all the money for your taxes come from your employers consumers.

You are an expense (and in most cases primarily a tax on 2 feet) that your employer has to pay for with money they get from their consumers.

In your business analogy, I am a business selling my labor to my employer the way 7-11 sells Slurpees. But what he does with that labor in service to our clients/customers/consumers, and what money he collects for that, is irrelevant to that relationship. I do pay taxes on my income, just like 7-11 pays taxes on its income (as distinct from the sales tax and property tax it also pays), there is no relevant distinction.

Unless you work for the government you exist in a consumer based economy.

And if you work for the government you still do. You're an employee, or in the terms above stated a business, and the government has consumers.

 

[HisArpy]

Yes, it is, see below.



In your business analogy, I am a business selling my labor to my employer the way 7-11 sells Slurpees. But what he does with that labor in service to our clients/customers/consumers, and what money he collects for that, is irrelevant to that relationship. I do pay taxes on my income, just like 7-11 pays taxes on its income (as distinct from the sales tax and property tax it also pays), there is no relevant distinction.



And if you work for the government you still do. You're an employee, or in the terms above stated a business, and the government has consumers.

This entire argument is spin and semantics.

You hire yourself out. Who pays you? Your employer. Where does he get the money to pay you? His customers. Part of the money your employer pays you is sent off the to government for taxes. Where does that money come from? His customers pay that too.

No employer pays you money from nothing. The money you earn is a percentage of your employer's gross sales. Everything your employers pays out comes directly from those gross sales.

More bad news for you. YOU are also an employer. Each month you write checks for your living expenses, car payment, insurance, food, etc. Where does THAT money come from? Your paycheck. Who gives you that paycheck? Your employer who is your one and only customer. Not enough paycheck to cover the bills? Either get a raise (increase sales) or reduce overhead (layoffs). If you can't increase sales, guess what happens next - you either cut overhead or go bankrupt.

It's a vicious circle and changing only 1 part means all the rest have to change to continue to compete or they're off the merry-go-round. Lots of entry level business decided to get off the (not so) fun ride.

 

[Disgustipated]

Have any of you ever owned a business and paid salaries?

 

[KingOrfeo]

This entire argument is spin and semantics.

You hire yourself out. Who pays you? Your employer. Where does he get the money to pay you? His customers. Part of the money your employer pays you is sent off the to government for taxes. Where does that money come from? His customers pay that too.

No employer pays you money from nothing. The money you earn is a percentage of your employer's gross sales. Everything your employers pays out comes directly from those gross sales.

And WRT taxes, how is any of that any different from what 7-11 does? How is it that I pay income tax and 7-11 does not?

 

[james_1957]

Have any of you ever owned a business and paid salaries?

How's the Turbo Tacks business, Boo?
http://forum.literotica.com/showpost.php?p=83616097&postcount=3063

 

[water505]

It's obvious that those of you who don't think consumers end up paying a business' taxes don't know jack shit about business.

Or anything else for that matter.

 

[HisArpy]

Have any of you ever owned a business and paid salaries?

Yes.

It's not that complicated to figure out. Money in comes from customers. Money out goes to the cost of the goods sold, rent, utilities, office supplies, etc and wages/taxes.

If there's not enough money in, you can't pay all those bills you have to pay. To make ends meet, you have to adjust something somewhere. If you don't want to lay off employees you have to raise your prices. If you can't because you'll lose customers, you have to cut overhead/expenses. If you can't because you're already at lowest bidder levels, there's only 1 option left.

Goodbye low man on the totem pole. Sorry, you were a good employee and I really didn't want to have to do this but I don't have any other choice.

 

[BotanyBoy]

Yes they should.

Why is that? Because you just hate people freely exchanging goods and services so much?

Precisely because it is not the regulation you dumb as stone, broken record, myopic fuck. They are mismanaged and they is why they fail.

Any regulations that incur costs and or limit market access have killed countless businesses.

You don't get to come in and limit access then say "well we kicked you out at the end of a gun, should have run a better business." and you would know that had you ever run one.

I do pay taxes on my income, just like 7-11 pays taxes on its income.

No, you don't...your consumers do.

We have a CONSUMER BASED ECONOMY, the consumer is the source of all money.

And if you work for the government you still do.

Pay taxes? Not really....it's just filing paperwork to keep the dog and pony show up.

You're an employee,

No you're not, you're a government worker.

The government isn't a business and their money doesn't come from consumers.

 

[OldJourno]

Have any of you ever owned a business and paid salaries?

I have. At the time all my employees were paid well over the minimum wage.
That said, even today (two decades later) there are some jobs that still exist at that location that are just not worth $15 an hour.

 

[Disgustipated]

How's the Turbo Tacks business, Boo?
http://forum.literotica.com/showpost.php?p=83616097&postcount=3063

You keep posting that like it's supposed to mean what, exactly? Either my joke was over your head or you're too dumb to get it. Which one?

It's obvious that those of you who don't think consumers end up paying a business' taxes don't know jack shit about business.

Or anything else for that matter.

Explain in detail how a consumer pays a business's taxes. Which taxes?

 

[HisArpy]

And WRT taxes, how is any of that any different from what 7-11 does? How is it that I pay income tax and 7-11 does not?

7-11 pays taxes. You admitted it earlier. In order for them to pay those taxes, they have to sell stuff.

Sales tax depends on what they sell and how much of it. Corporate income tax depends on how much stuff they sell. The employer portion of FICA withholding taxes depend on how many employees they have and what they pay level is. Insurance for both SSI AND unemployment are additional expenses.

WHERE does the money to pay those things (and more) come from?

 

[SgtSpiderMan]

7-11 pays taxes. You admitted it earlier. In order for them to pay those taxes, they have to sell stuff.

Sales tax depends on what they sell and how much of it. Corporate income tax depends on how much stuff they sell. The employer portion of FICA withholding taxes depend on how many employees they have and what they pay level is. Insurance for both SSI AND unemployment are additional expenses.

WHERE does the money to pay those things (and more) come from?

The stuff retailers sell magically appears in their stores?

 

[james_1957]

You keep posting that like it's supposed to mean what, exactly? Either my joke was over your head or you're too dumb to get it. Which one?

What do you do for a living?

Why not share your business website with us?

Are you embarrassed?

 

[water505]

Disgustipated thinks selling weed is a business.

 

[BotanyBoy]

Explain in detail how a consumer pays a business's taxes. Which taxes?

Where does all the money your company earns, and pays taxes/fees/permits/licencing etc. with come from?

 

[james_1957]

Disgustipated thinks selling weed is a business.

The little prick is a fraud.

 

[BotanyBoy]

Disgustipated thinks selling weed is a business.

Worth about 40 billion a year in California alone champ

Anyhow, how is selling anything not a business?

The little prick is a fraud.

Might be a prick sometimes sure, might live in a bit of a bubble there in SoCal no doubt........but he's not a fraud.

 

[water505]

Those of you who trying to explain to leftists that business doesn't pay taxes - people do - might want to spend your time doing something productive, like looking at porn.

They don't get it and never will. They just aren't wired for facts and the truth.

 

[HisArpy]

Explain in detail how a consumer pays a business's taxes. Which taxes?

God, this is old.

Lets' say your sell $1 worth of stuff.

In order to sell that stuff it cost you:

.25 for the stuff to sell in the first place.
.10 for the tax you owe on the sale
.05 for the income tax on the employee who was running the cash register to make the sale
.30 for the employee's wages
.05 for rent
.03 for insurance
.07 for misc business expenses like toilet paper and printer ink.
.05 profit
1.00 Total for that $1 sale.

If you are forced to raise the employees wages, where does that come from? The profit? Then what do YOU live on?

 

[james_1957]

Might be a prick sometimes sure, might live in a bit of a bubble there in SoCal no doubt........but he's not a fraud.

His fake business?

Bragging about his old lady's fake abortions?

Uses Adjudicator as an alt & claims to be from "The Windy City."

This little prick is a fraud.

 

[water505]

The little prick is a fraud.

If disgustifuckface runs a business than Oreo is a lawyer.

 

[HisArpy]

Those of you who trying to explain to leftists that business doesn't pay taxes - people do - might want to spend your time doing something productive, like looking at porn.

They don't get it and never will. They just aren't wired for facts and the truth.

I don't think so, I think its all an act. People can't be that dense. Can they?

 

[james_1957]

If disgustifuckface runs a business than Oreo is a lawyer.

KO?

One day he's a newspaper reporter.

The next day he's a librarian.

And now he claims to be an attorney.

 

[BotanyBoy]

I don't think so, I think its all an act. People can't be that dense. Can they?

I guess they get all their money to pay taxes from never never land.

I wish the never never land fairy would show up and cover my taxes.

I have to convince my consumers to give me money to cover mine.

 

[Disgustipated]

I guess they get all their money to pay taxes from never never land.

I wish the never never land fairy would show up and cover my taxes.

These morons are just digging deeper. Too freaking funny.