A first-class rant from an ordinary small business person, Jim Garvin:
Sad that he still feels a need to talk with the minions of Mordor at all. But I’ll bet you millions of folks who eventually listen to this will be cheering, “Yeah! What he said!” — starting with his very first question to His Betters: “Are all of you completely crazy???”
“All due respect” = zero respect.
Maybe he’ll wake up to the fact he owes those clowns nothing. I think he may be on that road.
Everyone who watches this video needs to send it to EVERYONE they know… now!
Seems to be working so far, Will. When I first posted it, it had 77,000 views. Up to 141,000+ in the few hours since then — and I don’t think this little blog is responsible for much of that!
Oh can I relate! I had to put off paying my final federal tax installment for 2010 until August 15 by filing an extension, simply because I didn’t have the cash. And now under penalty of prison I WILL PAY, while these clowns are talking about borrowing trillions!!!
Forget MY retirement, forget MY vacation, forget my loved ones inheritance. Work until I drop to pay these evil bastards for their ungodly wars, their scotch and soda private jets from San Francisco to D.C., their vacations on the Costa Del Sol, their champagne and caviar lunches. Screw them all.
Paddy Chayefsky was brilliant, as was Peter Finch. Yes, we are as mad as hell. They haven’t a clue what lies in store for them. This is February 22, 1787 and the financial crisis starts. In three years, 1791, it was the Year of the Terror. If there is justice in this world, they will know it.
Old Printer, I had to go look up your date for France, February 22, 1787. Yeah. You make a scarily good analogy:
Let’s hope, though, that we never have The Terror, which was just powerful men desperately “eating their own.” A little justice would be nice. Lamp-posts creatively decorated.
Can’t decorate those lamp posts without securing the proper permits. First you need one for advertising an special event/holiday (probably requires a variance in zoning). Second one will probably be a permit certifying that the lamp posts are certified to hold the specific weight category of the decorations. Third one will likely require proof of properly trained neck-tie technicians to install decorations. Fourth will be proof of liability insurance. Fifth will be a waiver absolving the municipality of any and all indemnification in the event of injuries caused by the decorations.
Ah, to heck with it, might as well just shoot.
I love this guy! Who is he? There are so many common sense answers to our problems. Why can’t anyone listen?
Lets hunt some orc!
The only criticism I would make is: if he owns a small business that nets over $250,000 after deductions, he should seriously consider forming an S-corp. S-corps are pass-throughs and pay no income tax. They are not “double taxed” like most incorporated businesses. Hire a real accountant, and stop using turbo tax and quick books. Just some friendly advice from one business owner to another.
Michael: That stood out to me as well. My little sewing business makes so little that it isn’t worth the extra paperwork (I think I netted just under $400 last year, but I had fun doing it), but the business he’s talking about it would be nuts to file taxes as a sole-prop. He’s paying more in taxes than he needs to, even within the constraints of the tax code!
Kent, I agree. Zero respect for the entire political class.
Matt another, don’t shoot! That should be reserved for battle. These traitors deserve rope!
….and with regard to the gent in the video asking for leadership, No Thanks. They can keep their filthy brand of “leadership”. They have all demonstrated time and again they are devoid of leadership.
“Don’t follow leaders and watch your parking meters.”
If we follow Tom Baugh’s idea, let the damn thing fall apart so we can get on with the task of rebuilding…stop clawing.
Claire, here’s a lamp post properly decorated, but I’m sure not what you had in mind:
Nice Rant – whatya want to bet he gets visits from IRS and FBI
Claire : I don’t think he is trying to have a discussion with the Mordorians. I think he is lecturing them.
The tax advice about S corps is well intentioned but deeply flawed.
It’s true that an S-corp passes the income through to the individual owner(s). So instead of paying 15-35% corporate tax rate, you can pay 15-35% individual income tax rate.
The decision whether to file as S-Corp or C-Corp is complicated by state and local tax rates, the variability of income, and many other factors. You should find a good accountant you can trust and work out what’s right for your business. C-corp is the better deal sometimes.
In any case, whether S-Corp or C-Corp, you are taxed on all profits, not on what you take home. If you make a little money and leave it in the business to try and grow it, half or more will be stolen.
If you take out a big loan in order to buy equipment you need for the business, and your plans work out so well you can pay off the loan, you will be taxed on the full amount, even if you have nothing left over.
If you make nothing or lose money for 2 or 3 years, then finally have a really good year and make a million dollars, you become an evil millionaire suitable only for taxing and public condemnation by government parasites who never made an honest dollar in their life.
But an S-corp does nothing at all to shield a business from
-acting as unpaid accountant
-acting as unpaid tax collector for all employees, with unlimited liability for any errors or omissions
-Social Security and Medicare tax collections
-state incorporation fees and taxes
-ever-increasing mandates for medical insurance, benefits, audits, licenses, etc.
-constant harassment by anyone employed by any government at any time for any reason, or no reason at all.
Don’t you dare forget the forms! For example, in evil Taxachusetts small business owners are advised to peruse this page
and figure out which of the 200+ forms they have to fill out.
New forms can be added at any time. No notice will be given; it’s up to you to keep up to date. You will be fined, imprisoned, or summarily executed for any infraction.
Any time a new law or regulation is passed that applies only to larger businesses, you can expect to spend 1-3 days filling out forms proving that you the new law doesn’t apply to you.
It’s not just taxes that are killing small businesses and jobs in this country. It is the open contempt for business and business owners, the belief that it is OK for majorities to gang up on minority groups and steal from them, and the unending torrent of laws, regulations, bureaucrats, fees, fines, inspections, audits, compliance tests, and general harassment. It’s just not worth it any more.
Yes…the war.has already.started…
Instead of bashing, why not offer solutions? But you waste your time recording a video?