We Disrespect Obama Because He Is African American

Off Topic Politics & World Issues
81

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.[/quote]

Only possible explanation.

Duh.[/quote]

100% true.

82

[quote]usmccds423 wrote:

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.[/quote]
Also thin privilege. Just try to put yourself in Oprah’s shoes man. She’s got neither of those illustrious privileges. Life for her must be so hard.

83

[quote]csulli wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.[/quote]
Also thin privilege. Just try to put yourself in Oprah’s shoes man. She’s got neither of those illustrious privileges. Life for her must be so hard.[/quote]

True story. Poor Oprah.

84

[quote]csulli wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:

[quote]usmccds423 wrote:

[quote]UtahLama wrote:
I mean if you are 2/3 of the population, it should stand to reason that you would have 2/3 of the businesses.

Right?[/quote]

It’s the illuminati bro.
[/quote]

White privilege.[/quote]

Oh God not that again.[/quote]
Also thin privilege. Just try to put yourself in Oprah’s shoes man. She’s got neither of those illustrious privileges. Life for her must be so hard.[/quote]

I bet being a billionaire sucks if you don’t have the white/skinny privilege.

She better blog about it.

85

[quote]UtahLama wrote:

I bet being a billionaire sucks if you don’t have the white/skinny privilege.
[/quote]
No, but being poor does.

86

[quote]zecarlo wrote:

[quote]UtahLama wrote:

I bet being a billionaire sucks if you don’t have the white/skinny privilege.
[/quote]
No, but being poor does. [/quote]

Being poor doesn’t suck if you’re white?

87

Skinny privilege probably isn’t great if you’re poor either.

88

Do any corporations on Wall street have S corps? or are they all C corps

89

2322×4128 876 KB

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps
[/quote]

The actual street in New York or “Wall Street?”

Edit:
There’s a Fidelity on Wall Street. They’re an LLC.
The NYSE is owned by ICE which is a C Corps.

90

[quote]zecarlo wrote:

[quote]UtahLama wrote:

I bet being a billionaire sucks if you don’t have the white/skinny privilege.
[/quote]
No, but being poor does. [/quote]

So being poor sucks more if you are not white?

O RLY?

91

My experience with Corporations was as an S corp the corporation paid no tax to my understanding. And as the money came out in profit either through wages or capital gains at that time it was taxed and the Corp retained no money . It was just a vehicle to limit liability

92

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps
[/quote]

The actual street in New York or “Wall Street?” [/quote]

I will revise it for you , on the New York Stock Exchange

93

[quote]pittbulll wrote:
My experience with Corporations was as an S corp the corporation paid no tax to my understanding. And as the money came out in profit either through wages or capital gains at that time it was taxed and the Corp retained no money . It was just a vehicle to limit liability [/quote]

S Corps are pass through entities if I’m not mistaken. Gains & losses “pass through” to the shareholders.

94

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps
[/quote]

The actual street in New York or “Wall Street?” [/quote]

I will revise it for you , on the New York Stock Exchange
[/quote]

No, S Corps are not traded on the NYSE. S Corps are not publicly traded.

95

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps
[/quote]

The actual street in New York or “Wall Street?” [/quote]

I will revise it for you , on the New York Stock Exchange
[/quote]

No, S Corps are not traded on the NYSE. S Corps are not publicly traded. [/quote]

I did not think so .

I still maintain that if HD pays 5% less taxes than Paul it is enough to sink Paul and I bet if you add up the write offs HD gets that Paul does not ,it would be 10s of percents

bump

96

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps [/quote]

LOL, you have to be a C in order to have your SHARES publicly traded on a STOCK exchange.

Yes there are Publicly Traded Partnerships…

S-Corps are limited to small business because they are pass through entities, which means the owners pay the tax, not the entity. In a C Corp, both the entity and owners pay tax on profits.

And no, nothing automatically becomes capital gains just because it comes out of an S-Corp. Again Pitt, you are talking about things you don’t begin to understand, lol. You are so confident about it too…

97

[quote]pittbulll wrote:
I bet if you add up the write offs HD gets that Paul does not ,it would be 10s of percents

[/quote]

You would lose that bet, over and over. I can explain it to you why, but you’ll ignore it.

98

[quote]countingbeans wrote:
And no, nothing automatically becomes capital gains just because it comes out of an S-Corp. Again Pitt, you are talking about things you don’t begin to understand, lol. You are so confident about it too…[/quote]

I was not talking about every one I was talking about my self.

And no I am not so confident , I saw a huge advantage on taxes to be that Corp . It was the write offs .

I was a DBA for 20 years before the s corp. An accountant showed me the advantages and they were very note worthy

99

[quote]countingbeans wrote:

[quote]pittbulll wrote:
I bet if you add up the write offs HD gets that Paul does not ,it would be 10s of percents

[/quote]

You would lose that bet, over and over. I can explain it to you why, but you’ll ignore it. [/quote]
.

explain to me why a new truck would be any less necessary if I am an s corp or an employee

Why should I be able to write it off in one situation and not the other

I will not ignore an anwer

100

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:

[quote]usmccds423 wrote:

[quote]pittbulll wrote:
Do any corporations on Wall street have S corps? or are they all C corps
[/quote]

The actual street in New York or “Wall Street?” [/quote]

I will revise it for you , on the New York Stock Exchange
[/quote]

No, S Corps are not traded on the NYSE. S Corps are not publicly traded. [/quote]

I did not think so .

I still maintain that if HD pays 5% less taxes than Paul it is enough to sink Paul and I bet if you add up the write offs HD gets that Paul does not ,it would be 10s of percents
[/quote]

You don’t think what? That S corps aren’t traded on the NYSE?

You’re free to maintain that position I suppose.