Here's one for you all to think about

[Gulli]

Really, 1-50 employees? That's it?

If that is the definition of "small business" I can't wait for the next press corpse meeting.

Why the surprise? A business with more than 50 employees is not exactly "small", wouldn't you say? I mean, how many employees does the average non-franchise store have, one or two, three tops?

 

[Gulli]

Showing your arse again are you Gulli?

The classification of a small business has nothing to do with the number of employees, braniac.

It does in the EU, Australia, Canada and the United States...

http://ec.europa.eu/enterprise/policies/sme/files/sme_definition/sme_user_guide_en.pdf
http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/1321.0Main+Features12001?OpenDocument
http://www.enterprisetoronto.com/index.cfm?linkid=99&linktype=mainlink&content_id=222&fromurl=content&faq_id=162&action=viewItem&faqTopicId=49
http://www.sba.gov/content/what-sbas-definition-small-business-concern

I'm starting to lose count of the number of times you said I was talking out of my arse followed by me proving you were wrong.

Google before you type is the new think before you speak.

 

[JAYDEEJOHN]

Manufacturing specialists are a big industry here, and most dont have tons of employees
Also, everyone who has a retirement plan is a shareholder of sorts, and they get nicked as well
Also, the states do have almost 1/3 of the taxes, so, adding them together, which my link shows pertinent taxation, by country, shows no one comes close to the US in total

With threats to all energy producers, with always asking blatantly for more, calling tax increases reform, yes, businesses are waiting til Obamanation is gone

 

[Gulli]

Manufacturing specialists are a big industry here, and most dont have tons of employees
Also, everyone who has a retirement plan is a shareholder of sorts, and they get nicked as well
Also, the states do have almost 1/3 of the taxes, so, adding them together, which my link shows pertinent taxation, by country, shows no one comes close to the US in total

With threats to all energy producers, with always asking blatantly for more, calling tax increases reform, yes, businesses are waiting til Obamanation is gone

What do the retired have to do with this? Does your link show anything about municipal (and provincial) taxes for businesses in the Netherlands? No, it doesn't, it also doesn't factor in capital gains tax or the many social premiums, which I have shown to change the picture drastically. Taxes in the US have decreased continually since the 1980s, if you call even the slightest increase (still way under 1980 levels) theft then you get a situation where taxes can only go down, no matter what the situation and you'll end up with 0% taxes at some point in the future. Is that wat you want? How can you call for a balanced budget when tax increases are off-limits, even reversing recent tax cuts in times of war? There's no such thing as a free lunch.

 

[Gulli]

Did you read the SBA's definition?

In the United States your status of being considered 'small' has to do with your revenues, not the number of employees. You can be sure the government is more interested in this number (the revenues) as well, and not the number of employees at company x.

What were you saying about talking out of your arse Gulli?

Read it yourself, it's foremost based on the number of employees, only in certain industries the revenue is a second factor.

 

[Reynod]

I agree a thorough discussion about comparitive taxation systems around the world and not asses is going to be more useful.

Remember, our think tank here is being used by politicians around the world in their decision making processes.

/deluded

 

[JAYDEEJOHN]

First of all, youre mixing personal taxes with corporate taxes, wrong discussion

"Corporate taxable profits (ordinary income) are taxes at a flat rate of 28 %. The tax base is the sum of operating profit/loss, financial revenues and net capital gains minus tax depreciation. In addition, the profit is taxed on the owner's hand through dividend and capital gain taxation.[12]"

Again, from my link, right next to where it says Norway taxes?
I know you can do it, give it a try

 

[dogman_1234]

The classification of a small business has nothing to do with the number of employees, braniac.

Um, tell that to the IRS and SBA! :lol:

 

[dogman_1234]

If revenue had to do with Business Size, then SB would be in the 20%!

* I pulled that number out of my arse, but you get the analogy!*

Look at the tax bracket of SB: 30-35% Most revenue is lost to employes, benefits, operational costs...while a small bit is lost to taxes; both Income/Federal and sales,( depending on the state of operation.)

Let us say I start a small business selling CPU's,( are you catching onto a recurring theme?) I have to figure what needs to be done, who I need to hire, what my estimated sales is, my capitalization...THEN I figure taxes into the equation. BTW, counting taxes as Operating expenses makes it either cheaper or MORE expensive on the system, just FYI.

 

[dogman_1234]

And how would they describe a small/large business based on 'volume'?

Describe 'volume'.

 

[dogman_1234]

So, if I have 600 employees, but make only 15 million dollars, am I a large or small business?

 

[Wisecracker]

On the most optimistic assumptions it could muster, the CBO found that tax cuts at most stimulate enough economic growth to replace 22 percent of lost revenue in the first five years.

On pessimistic assumptions, the 'revenue' growth effects of tax cuts did nothing to offset revenue loss.


So much for the useless idea of 'trickle-down' economics espoused by the GOP prostitutes at the Heritage Foundation & the Cato Institute ...


As far as the genius business owners in this thread, if an S-Corp pays taxes its owners are too stupid to be in business.

And the actual tax BURDEN on C-Corps in the United States is damn near the bottom of all OECD countries, as is the collection of corporate taxes as a percentage of GDP.