Real Estate Investing Forums

Miscellaneous => Random Ramblings => Topic started by: HoldAndBuy on June 13, 2009, 01:21:07 pm

Title: IRS wants to tax cell phones used for business
Post by: HoldAndBuy on June 13, 2009, 01:21:07 pm
http://www.nydailynews.com/money/2009/06/13/2009-06-13_irs_new_hangup_proposes_taxing_25_of_business_cell_phone_use.html
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 13, 2009, 01:48:50 pm
Wasting $trillions has consequences,sad this is only scratchin the surface."those making under $250k will not see thier taxes go up one penny">>>add it to the other stack of lies. 
Title: Re: IRS wants to tax cell phones used for business
Post by: Bluemoon06 on June 18, 2009, 03:55:03 pm
Wasting $trillions has consequences,sad this is only scratchin the surface."those making under $250k will not see thier taxes go up one penny">>>add it to the other stack of lies. 

You know that is disingenuous.  That is not what he was talking about. 
Title: Re: IRS wants to tax cell phones used for business
Post by: PositiveOutlook on June 18, 2009, 06:11:38 pm
What Obama said on the campaign trail (September 12, 2008, Dover, N.H.):

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see ANY FORM of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not ANY of your taxes.”

"you will not see ANY OF your taxes increase one single dime"


Of course that depends on your definition of "any" or "any form" is....   :rolleyes

Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 18, 2009, 06:29:26 pm
Thanks pos,
What does it really take,HE'S JUST ANOTHER LYING POLITICIAN :banghead  ...maybe a little more time I guess,man some people are soooooo slow!
Title: Re: IRS wants to tax cell phones used for business
Post by: Bluemoon06 on June 19, 2009, 07:45:35 am
Ok kids let's bring our brains to the table this time. How long has this law been on the books…anybody…anybody?  I am sure if you can quote a couple months ago statement from your president but you can’t remember something that happened in 1980?  Is this reverse Alzheimers? 

He said that your taxes won’t go up.  Suppose you make personnel financial moves that increase your tax liability?  Are you saying that if that happens you interpret his words to mean that your tax bill won’t adjust to meet you new obligations?  That is why I say you are being disingenuous when you harp on that for this.  This is not a new tax, it has been on the books since 1980.  I have no problem beating President Obama up but I have a problem reading in problems where there are none.  I would rather use being able to swat files with his bare hand as evidence that he is the antichrist or that he is a secret Muslim before I jump on mindless arguments of not a penny, not a penny, not a single penny.

Your taxes will change but the structure won’t change to cause you to have to pay more.
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 19, 2009, 08:12:53 am
Ok so if this is an old-reborn tax,can we agree that it's another shot @ small business(aka you & me) that NONE of us need at this economic time.Small business is in the crosshairs with "the rich" to this agenda of who should pay for all this experimental spending and "redistributing".I don't know about you but I know that washington,the banks,wall street are to blame for this state of the economy not me or"the rich".So how does expanding washington fix the problem when they were the root of it?Still not clear on why any small business would support this in any form.   
Title: Re: IRS wants to tax cell phones used for business
Post by: PositiveOutlook on June 19, 2009, 08:27:42 am
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see ANY FORM of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not ANY of your taxes.”

Look, it really is plain and simple, Obama made the "firm pledge" not to increase "any of your taxes"... The cell phone tax is only a small issue, but EVERY tax hurts when you have to take it from your family and give it to the most corrupt, inefficient organization - the US government.

And when the Cap and Trade TAX hits, along with ALL the other INEVITABLE TAX INCREASES (you can only extract so much from the "rich"), which is REALLY going to hurt, because not only will people be paying MORE for taxes on this, but MORE for goods/services ACROSS THE BOARD..

Add to this nationalized healthcare, whereas Baucus said just last week that Obama is leaving on the table the TAXATION of health benefits (you know the thing he criticized McCain for?), and REQUIRING ALL employers to provide health insurance or pay a fine... two things will happen, both of which critically affect those "making under $250K per year" - 1) goods and services ACROSS THE BOARD will increase and 2) jobs will be HARDER to get AND keep...  if this goes into effect, just WATCH the job losses stack up before the implementation date... employers will do with less employees making those working for them WORK MORE...  We're not talking the multi-national corps here... we're talking the Mom & Pop shops, small businesses, who provide 70% of the jobs...

And you don't think this will make real estate investing MORE expensive or EXPAND the use of illegal immigrant JUST to survive?

Obama ALSO said that the small businessperson would not see tax increases...  Requiring provision of health benefits or paying a fine is ONE BIG TAX INCREASE for the electrician, the plumber, the pizza man, etc...  NEVER MIND the Cap and Trade Tax...

Title: Re: IRS wants to tax cell phones used for business
Post by: Bluemoon06 on June 19, 2009, 11:03:47 am
Ok so if this is an old-reborn tax,can we agree that it's another shot @ small business(aka you & me) that NONE of us need at this economic time.Small business is in the crosshairs with "the rich" to this agenda of who should pay for all this experimental spending and "redistributing".I don't know about you but I know that washington,the banks,wall street are to blame for this state of the economy not me or"the rich".So how does expanding washington fix the problem when they were the root of it?Still not clear on why any small business would support this in any form.   

No this tax is not on small business.  Remember when a cell phone was the size of a gym bag and every call costs $5?  At that time only people with a need got them from their employers.  So If a person used one for personnel uses it was seen as an “executive luxury”  and they decided it need to be counted as income on your personnel income tax.  That is where the tax came from.  Now everybody is issued a blackberry and you either carry 2 or 3 phones or you just use the one your company issues you.

This is just like when you take a business trip and you put on your expense report $100 for meals.  The company is supposed to put on your W-2 60% of that cost as income.  Most companies don’t do that because the 2 systems (for examining and paying employee travel expenses and income tax) are not connected.  I doubt that the department for paying and examining cell phone usage is going to be linked to the income tax department either.
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 19, 2009, 02:28:56 pm
Yes I do remember those phones.So then it'll be on to other business expenses.My first response was that it's only the tip of the iceburg.They've already wasted $1trill(stimulous)that did'nt do anything,not to mention the omnibus waste.When do we all say enough,you don't know what you're doing and we are footing the bill in your guessing what may work?
  I don't know how anyone can get behind a guy who's only been a paper pushing politician,never had to run anything to make a profit,not even a lemonade stand.It's ridiculous to me and should be to us all on here who have struggled to make our business successful.
Title: Re: IRS wants to tax cell phones used for business
Post by: christopher w on June 19, 2009, 03:04:37 pm
bama,

I don't know how anyone can get behind a guy who's only been a paper pushing politician,never had to run anything to make a profit,not even a lemonade stand.It's ridiculous to me and should be to us all on here who have struggled to make our business successful.

How did you find a way to get behind the last President? He failed at EVERY business he was involved in other than the Texas Rangers and he had nothing to do with that payday. Tom Hicks just wanted a baseball team and price was not a concern.

He also wasted over a TRILLION dollars on the war in Iraq. So there several similarities between the two.

Title: Re: IRS wants to tax cell phones used for business
Post by: Bluemoon06 on June 19, 2009, 03:18:53 pm
The problem is not how we tax or even if we tax.  It’s like when you are deer hunting and you get a really good shot through the heart.  The deer takes off running but he is dead already.  He doesn’t die all at once.  The rest of him is still working.  When America decided that we didn’t want to manufacture anymore, we decided that we wanted to be a “service economy” we were dead.  It is just a matter of time.  We can’t pay back our bills because we don’t have anything to pay them back with.  You can either sell raw materials or manufacture stuff.  That is it.  You can’t sell dollars.

In the 1980’s we didn’t trust the bankers in China.  I was listening to radio yesterday and there was a story on about how the banks in China didn’t want to believe the banks in the USA.

Every empire has a rise and fall.  When we read about the fall of America it will be a talk about how we gave away our ability to earn.
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 19, 2009, 03:24:14 pm
Christopher,
Good to see you're still at the blame game that the govt wants us all to be involved in.Look back at my post,did I say anything about how bush compared?This is the problem  people instantly assume you are a bush lover when you bring a case against obama.Since he's doing alot of the dumba$$ stuff bush done, should'nt bush lovers love him too?The only thing bush certainly done was keep our country safe,let's see if obama's first executive order of business does the same.Otherwise,I don't argue about bush.
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 19, 2009, 03:31:26 pm
Bluemoon,
I see what your saying.But do you honestly think that what obama is proposing in windmills,solar,etc is the answer??Try looking at spain who done this already and has been in economic turmoil way before us.Why can't the govt just let americans do what made this country great,,TRY AN IDEA,IF IT FAILS,IT FAILS!!
Title: Re: IRS wants to tax cell phones used for business
Post by: christopher w on June 19, 2009, 04:18:10 pm
Bama,

My posting was most earnest. I did not insunuate anything. I seriously was asking you how you have sucked it up for the last eight years. The current President has only been around for six months and this has been going on for the last eight years. I am sorry if I offended you.
Title: Re: IRS wants to tax cell phones used for business
Post by: Bluemoon06 on June 19, 2009, 04:41:21 pm
I guess my point is that the government is irrelevant.  We are going to be a second rate economy eventually.  We won’t be Mexico but we won’t be America either.  All we can do is make sure that we are on the top of the heap, no matter what that heap looks like.  It is about the lifestyle we have.  In an upwardly moving economy people are buying bigger and better stuff. What is all the talk about today?  It is about buying smaller more fuel efficient cars and not bigger more luxurious cars.  Our kids will not have bigger and better, they will have smaller and inferior.  People need a place to live in any economy.   or a failed one.  My goal is to be the guy in the mansion no matter what the economy does.  That is why I buy real state.
Title: Re: IRS wants to tax cell phones used for business
Post by: christopher w on June 19, 2009, 04:57:49 pm
bama,

Why can't the govt just let americans do what made this country great,,TRY AN IDEA,IF IT FAILS,IT FAILS!!

I agree wholeheartedly with this comment. What scares me is that the type of american that made this country great is found fewer and far between. Think about it. If the population has grown exponentially so do the winners and the losers... theoretically. But the problem is winners and losers are not reproducing at the same rate. All of the people that have their hand out for a non-bail out govt. handout did not all of the sudden get lazy six months ago.
Title: Re: IRS wants to tax cell phones used for business
Post by: sellnbama on June 19, 2009, 11:17:51 pm
christopher,
You did'nt offend me,I just get tired of the same box we all get thrown into with questioning obama.More times than not it's the "you're just a racist" box,which really makes me wanna shake them a bit cause HE"S 1/2 white so how can I(being a white guy)be racist against myself?And on how I stood the last eight years thing.Well honestly,I did'nt follow it too much until the last two years of bush,when things started lookin down.I still can't see this night and day difference in the stupid spending goin on comparing the two.Only bush started us on a wagon and obama put a jet engine on it,either way its the wrong direction.