WELL worth the read!

Quote:Mr. Obama,

Given the uproar about the simple question asked you by Joe the plumber, and the persecution that has been heaped on him because he dared to question you, I find myself motivated to say a few things to you myself. While Joe aspires to start a business someday, I already have started not one, but 4 businesses. But first, let me introduce myself. You can call me "Cory the well driller". I am a 54 year old high school graduate. I didn't go to college like you, I was too ready to go "conquer the world" when I finished high school. 25 years ago at age 29, I started my own water well drilling business at a time when the economy here in East Texas was in a tailspin from the crash of the early 80's oil boom. I didn't get any help from the government, nor did I look for any. I borrowed what I could from my sister, my uncle, and even the pawn shop and managed to scrape together a homemade drill rig and a few tools to do my first job. My businesses did not start as a result of privilege. They are the result of my personal drive, personal ambition, self discipline, self reliance, and a determination to treat my customers fairly. From the very start my business provided one other (than myself) East Texan a full time job. I couldn't afford a backhoe the first few years (something every well drilling business had), so I and my helper had to dig the mud pits that are necessary for each and every job with hand shovels. I had to use my 10 year old, 1/2 ton pickup truck for my water tank truck (normally a job for at least a 2 ton truck).

A year and a half after I started the business, I scraped together a 20% down payment to get a modest bank loan and bought a (28 year) old, worn out, slightly bigger drilling rig to allow me to drill the deeper water wells in my area. I spent the next few years drilling wells with the rig while simultaneously rebuilding it between jobs. Through these years I never knew from one month to the next if I would have any work or be able to pay the bills. I got behind on my income taxes one year, and spent the next two years paying that back (with penalty and interest) while keeping up with ongoing taxes. I got behind on my water well supply bill 2 different years (way behind the second time… $80,000.00), and spent over a year paying it back (each time) while continuing to pay for ongoing supplies C.O.D.. Of course, the personal stress endured through these experiences and years is hard to measure. I do have a stent in my heart now to memorialize it all.

I spent the next 10 years developing the reputation for being the most competent and most honest water well driller in East Texas. 2 years along the way, I hired another full time employee for the drilling business so that we could provide full time water well pump service as well as the well drilling. Also, 3 years along the path, I bought a water well screen service machine from a friend, starting business # 2. 5 years later I made a business loan for $100,000.00 to build a new, higher production, computer controlled screen service machine. I had designed the machine myself, and it didn't work out for 3 years so I had to make the loan payments without the benefit of any added income from the new machine. No government program was there to help me with the payments, or to help me sleep at night as I lay awake wondering how I would solve my machine problems or pay my bills. Finally, after 3 years, I got the screen machine working properly, and that provided another full time job for an East Texan in the screen service business.

2 years after that, I made another business loan, this time for $250,000.00, to buy another used drilling rig and all the support equipment needed to run another, larger, drill rig. This provided another 2 full time jobs for East Texans. Again, I spent a couple of years not knowing if I had made a smart move, or a move that would bankrupt me. For the third time in 13 years, I had placed everything I owned on the line, risking everything, in order to build a business.

A couple of years into this, I came up with a bright idea for a new kind of mud pump, a fundamentally necessary pump used on water well drill rigs. I spent my entire life savings to date (just $30,000.00), building a prototype of the pump and took it to the national water well convention to show it off. Customers immediately started coming out of the woodworks to buy the pumps, but there was a problem. I had depleted my assets making the prototype, and nobody would make me a business loan to start production of the new pumps. With several deposits for pump orders in hand, and nowhere to go, I finally started applying for as many credit card as I could find and took cash withdrawals on these cards to the tune of over $150,000.00 (including modest loans from my dear sister and brother), to get this 3rd business going.

Yes, once again, I had everything hanging over the line in an effort to start another business. I had never manufactured anything, and I had to design and bring into production a complex hydraulic machine from an untested prototype to a reliable production model (in six months). How many nights I lay awake wondering if I had just made the paramount mistake of my life I cannot tell you, but there were plenty. I managed to get the pumps into production, which immediately created another 2 full time jobs in East Texas. Some of the models in the first year suffered from quality issues due to the poor workmanship of one of my key suppliers, so I and an employee (another East Texan employed) had to drive across the country to repair customers' pumps, practically from coast to coast. I stood behind the product, and made payments to all the credit cards that had financed me (and my brother and sister). I spent the next 5 years improving and refining the product, building a reputation for the pump and the company, working to get the pump into drill rig manufacturers' product lines, and paying back credit cards. During all this time I continued to manage a growing water well business that was now operating 3 drill rig crews, and 2 well service crews. Also, the screen service business continued to grow. No government programs were there to help me, Mr. Obama, but that's ok, I didn't expect any, nor did I want any. I was too busy fighting to make success happen to sit around waiting for the government to help me.

Now, after manufacturing the mud pumps for 7 years, my combined businesses employ 32 full time employees, and distribute $5,000,000.00 annually through the local economy. Now, just 4 months ago I borrowed $1,254,000.00, purchasing computer controlled machining equipment to start my 4th business, a production machine shop. The machine shop will serve the mud pump company so that we can better manufacture our pumps that are being shipped worldwide. Of course, the machine shop will also do work for outside companies as well. This has already produced 2 more full time jobs, and 2 more should develop out of it in the next few months. This should work out, but if it doesn't it will be because you, and the other professional politicians like yourself, will have destroyed our countrys' (and the world) economy with your meddling with mortgage loan programs through your liberal manipulation and intimidation of loaning institutions to make sure that unqualified borrowers could get mortgages. You see, at the very time when I couldn't get a business loan to get my mud pumps into production, you were working with Acorn and the Community Reinvestment Act programs to make sure that unqualified borrowers could buy homes with no down payment, and even no credit or worse yet, bad credit. Even the infamous, liberal, Ninja loans (No Income, No Job or Assets). While these unqualified borrowers were enjoying unrealistically low interest rates, I was paying 22% to 24% interest on the credit cards that I had used to provide me the funds for the mud pump business that has created jobs for more East Texans. It's funny, because after 25 years of turning almost every dime of extra money back into my businesses to grow them, it has been only in the last two years that I have finally made enough money to be able to put a little away for retirement, and now the value of that has dropped 40% because of the policies you and your ilk have perpetrated on our country.

You see, Mr. Obama, I'm the guy you intend to raise taxes on. I'm the guy who has spent 25 years toiling and sweating, fretting and fighting, stressing and risking, to build a business and get ahead. I'm the guy who has been on the very edge of bankruptcy more than a dozen times over the last 25 years, and all the while creating more and more jobs for East Texans who didn't want to take a risk, and would not demand from themselves what I have demanded from myself. I'm the guy you characterize as "the Americans who can afford it the most" that you believe should be taxed more to provide income redistribution "to spread the wealth" to those who have never toiled, sweated, fretted, fought, stressed, or risked anything. You want to characterize me as someone who has enjoyed a life of privilege and who needs to pay a higher percentage of my income than those who have bought into your entitlement culture. I resent you, Mr. Obama, as I resent all who want to use class warfare as a tool to advance their political career. What's worse, each year more Americans buy into your liberal entitlement culture, and turn to the government for their hope of a better life instead of themselves. Liberals are succeeding through more than 40 years of collaborative effort between the predominant liberal media, and liberal indoctrination programs in the public school systems across our land.

What is so terribly sad about this is this. America was made great by people who embraced the one-time American culture of self reliance, self motivation, self determination, self discipline, personal betterment, hard work, risk taking. A culture built around the concept that success was in reach on every able bodied American who would strive for it. Each year that less Americans embrace that culture, we all descend together. We descend down the socialist path that has brought country after country ultimately to bitter and unremarkable states. If you and your liberal comrades in the media and school systems would spend half as much effort cultivating a culture of can-do across America as you do cultivating your entitlement culture, we could see Americans at large embracing the conviction that they can elevate themselves through personal betterment, personal achievement, and self reliance. You see, when people embrace such ideals, they act on them. When people act on such ideals, they succeed. All of America could find herself elevating instead of deteriorating. But that would eliminate the need for liberal politicians, wouldn't it, Mr. Obama? The country would not need you if the country was convinced that problem solving was best left with individuals instead of the government. You and all your liberal comrades have got a vested interested in creating a dependent class in our country. It is the very business of liberals to create an ever expanding dependence on government. What's remarkable is that you, who have never produced a job in your life, are going to tax me to take more of my money and give it to people who wouldn't need my money if they would get off their entitlement mentality asses and apply themselves at work, demand more from themselves, and quit looking to liberal politicians to raise their station in life.

You see, I know because I've had them work for me before. Hundreds of them over these 25 years. People who simply will not show up to work on time. People who just will not work 5 days in a week, much less, 6 days. People always looking for a way to put less effort out. People who actually tell me that they would do more if I just would first pay them more. People who take off work to sit in government offices to apply to get free government handouts (gee, I wonder how things would have turned out for them if they had spent that time earning money and pleasing their employer?). You see, all of this comes from your entitlement mentality culture.

Oh, I know you will say I am uncompassionate. Sorry, Mr. Obama, wrong again. You see, I've seen what the average percentage of your income has been given to charities over the years of 2000 to 2004 (ignoring the years you started running for office - can you pronounce "politically motivated"), you averaged of less than 1% annually. And your running mate, Joe Biden, averaged less than ¼% of his annual income in charitable contributions over the last 10 years. Like so many liberals, the two of you want to give to the needy, just as long as it is someone else's money you are giving to them. I won't say what I have given to charities over the last 25 years, but the percentage is several times more than you or Joe Biden… combined (don't you just hate google?). Tell me again how you feel my pain.

In short, Mr. Obama, your political philosophies represent everything that is wrong with our country. You represent the culture of government dependence instead of self reliance; Entitlement mentality instead of personal achievement; Penalization of the successful to reward the unmotivated; Political correctness instead of open mindedness and open debate. If you are successful, you may preside over the final transformation of America from being the greatest and most self-reliant culture on earth, to just another country of whiners and wimps, who sit around looking to the government to solve their problems. Like all of western Europe. All countries on the decline. All countries that, because of liberal socialistic mentalities, have a little less to offer mankind every year.

God help us…

Cory Miller
just a ordinary, extraordinary American, the way most Americans used to be.

P.S. Yes, Mr. Obama, I am a real American…

meet me at: http://www.cmillerdrilling.com ;

and: http://www.centerlinemanufacturing.com

http://www.tom-phillips.info/video/cory....riller.htm

What an elitist! How dare he think that his hard earned money belongs to him? The audacity!

I don't think I would give out my real name after seeing what happened to Joe the Plumber. Cory's credit score is probably dropping as I type.

I suppose next we'll hear from Rosie the Riveter.

NIU007 Wrote:I suppose next we'll hear from Rosie the Riveter.

+1

NIU007 Wrote:I suppose next we'll hear from Rosie the Riveter.

Better than hearing from William the Terrorist or Jeremiah the Race pimp.

.

Cory Miller ..... You Go Man !!!!!!!!

And I am sorry that such trash as Biden feels that Forcing Unaffordable Taxes on you is, in Biden's own words, "Patriotic" ....

Fighting the War on Terror and Terrorist is UnAmeriacan and UnPatriotic, but going Bankrupt and Ending up in Prison when the IRS Storms your Home & Business and Chain Locks it Shut forever, because you just can not afford the Taxes, is Pure Patriotism.

Cory Miller, I am sorry that "such never held a real job types as Joe Biden and Mr. Bi'Raq Hussein Obama", are taking Capitalism and Socializing it .... you have earned the fruits of your labors, but unfortunately, Ms. Peggy's Home Mortgage Needs Paying and You, Mr. Miller, must pay Ms. Peggy's House Note for Her and must do this as a "Patriotic American" or they will never even much concern them selves with you Going Out of Business ... now that is only if they don't Tax You at 500% Above Retail and Drive You Out of Business as they plan to do too other types of business and industry.

My hat is off to you Sir .... I hate this is happening in "What Was" the last Free Market Country on Earth.

I truly hope you Win and They Fail in their effort to Socialize & Communize the United States Mr. Miller .... and I hope their fall is from way way up on high as they Lord it over us from within their Lofty Golden Perch, so that when they hit the ground, it will hurt all that much more.

.

Should Joe the plumber be named Joe the scuba guy now?

nomad2u2001 Wrote:Should Joe the plumber be named Joe the scuba guy now?

Ok, I guess I'll be the first. Why?

This letter should be mandatory reading for anyone who thinks he's qualified to vote. Of course if Obama and Co. ever read this they will tell you he's wrong about something and that alone will invalidate his entire letter.

Obama will simply tell Mr. Miller it's better for everyone if the money is spread around. He won't tell you "why," becuase that answer is simple: it gets him votes.

Furthermore he will tell Mr. Miller that the credit mess isn't his fault, nor those whose policies match his. Quite the opposite. He'll explain that it's the fault of the free market that affordable credit wasn't available to him in those years. It's the fault of greedy bankers who wanted a large return on their risky investments. And he'll explain that by reducing the risk for people by having government programs, Mr. Miller, and a new generation like him, will be able to do so much more.

Of course like a perpetual motion machine, it never really works like that. But Obama has an answer. And we can all sleep better knowing that.

Rebel Wrote:WELL worth the read!

Quote:Mr. Obama,

Given the uproar about the simple question asked you by Joe the plumber, and the persecution that has been heaped on him because he dared to question you, I find myself motivated to say a few things to you myself. While Joe aspires to start a business someday, I already have started not one, but 4 businesses. But first, let me introduce myself. You can call me "Cory the well driller". I am a 54 year old high school graduate. I didn't go to college like you, I was too ready to go "conquer the world" when I finished high school. 25 years ago at age 29, I started my own water well drilling business at a time when the economy here in East Texas was in a tailspin from the crash of the early 80's oil boom. I didn't get any help from the government, nor did I look for any. I borrowed what I could from my sister, my uncle, and even the pawn shop and managed to scrape together a homemade drill rig and a few tools to do my first job. My businesses did not start as a result of privilege. They are the result of my personal drive, personal ambition, self discipline, self reliance, and a determination to treat my customers fairly. From the very start my business provided one other (than myself) East Texan a full time job. I couldn't afford a backhoe the first few years (something every well drilling business had), so I and my helper had to dig the mud pits that are necessary for each and every job with hand shovels. I had to use my 10 year old, 1/2 ton pickup truck for my water tank truck (normally a job for at least a 2 ton truck).

A year and a half after I started the business, I scraped together a 20% down payment to get a modest bank loan and bought a (28 year) old, worn out, slightly bigger drilling rig to allow me to drill the deeper water wells in my area. I spent the next few years drilling wells with the rig while simultaneously rebuilding it between jobs. Through these years I never knew from one month to the next if I would have any work or be able to pay the bills. I got behind on my income taxes one year, and spent the next two years paying that back (with penalty and interest) while keeping up with ongoing taxes. I got behind on my water well supply bill 2 different years (way behind the second time… $80,000.00), and spent over a year paying it back (each time) while continuing to pay for ongoing supplies C.O.D.. Of course, the personal stress endured through these experiences and years is hard to measure. I do have a stent in my heart now to memorialize it all.

I spent the next 10 years developing the reputation for being the most competent and most honest water well driller in East Texas. 2 years along the way, I hired another full time employee for the drilling business so that we could provide full time water well pump service as well as the well drilling. Also, 3 years along the path, I bought a water well screen service machine from a friend, starting business # 2. 5 years later I made a business loan for $100,000.00 to build a new, higher production, computer controlled screen service machine. I had designed the machine myself, and it didn't work out for 3 years so I had to make the loan payments without the benefit of any added income from the new machine. No government program was there to help me with the payments, or to help me sleep at night as I lay awake wondering how I would solve my machine problems or pay my bills. Finally, after 3 years, I got the screen machine working properly, and that provided another full time job for an East Texan in the screen service business.

2 years after that, I made another business loan, this time for $250,000.00, to buy another used drilling rig and all the support equipment needed to run another, larger, drill rig. This provided another 2 full time jobs for East Texans. Again, I spent a couple of years not knowing if I had made a smart move, or a move that would bankrupt me. For the third time in 13 years, I had placed everything I owned on the line, risking everything, in order to build a business.

A couple of years into this, I came up with a bright idea for a new kind of mud pump, a fundamentally necessary pump used on water well drill rigs. I spent my entire life savings to date (just $30,000.00), building a prototype of the pump and took it to the national water well convention to show it off. Customers immediately started coming out of the woodworks to buy the pumps, but there was a problem. I had depleted my assets making the prototype, and nobody would make me a business loan to start production of the new pumps. With several deposits for pump orders in hand, and nowhere to go, I finally started applying for as many credit card as I could find and took cash withdrawals on these cards to the tune of over $150,000.00 (including modest loans from my dear sister and brother), to get this 3rd business going.

Yes, once again, I had everything hanging over the line in an effort to start another business. I had never manufactured anything, and I had to design and bring into production a complex hydraulic machine from an untested prototype to a reliable production model (in six months). How many nights I lay awake wondering if I had just made the paramount mistake of my life I cannot tell you, but there were plenty. I managed to get the pumps into production, which immediately created another 2 full time jobs in East Texas. Some of the models in the first year suffered from quality issues due to the poor workmanship of one of my key suppliers, so I and an employee (another East Texan employed) had to drive across the country to repair customers' pumps, practically from coast to coast. I stood behind the product, and made payments to all the credit cards that had financed me (and my brother and sister). I spent the next 5 years improving and refining the product, building a reputation for the pump and the company, working to get the pump into drill rig manufacturers' product lines, and paying back credit cards. During all this time I continued to manage a growing water well business that was now operating 3 drill rig crews, and 2 well service crews. Also, the screen service business continued to grow. No government programs were there to help me, Mr. Obama, but that's ok, I didn't expect any, nor did I want any. I was too busy fighting to make success happen to sit around waiting for the government to help me.

Now, after manufacturing the mud pumps for 7 years, my combined businesses employ 32 full time employees, and distribute $5,000,000.00 annually through the local economy. Now, just 4 months ago I borrowed $1,254,000.00, purchasing computer controlled machining equipment to start my 4th business, a production machine shop. The machine shop will serve the mud pump company so that we can better manufacture our pumps that are being shipped worldwide. Of course, the machine shop will also do work for outside companies as well. This has already produced 2 more full time jobs, and 2 more should develop out of it in the next few months. This should work out, but if it doesn't it will be because you, and the other professional politicians like yourself, will have destroyed our countrys' (and the world) economy with your meddling with mortgage loan programs through your liberal manipulation and intimidation of loaning institutions to make sure that unqualified borrowers could get mortgages. You see, at the very time when I couldn't get a business loan to get my mud pumps into production, you were working with Acorn and the Community Reinvestment Act programs to make sure that unqualified borrowers could buy homes with no down payment, and even no credit or worse yet, bad credit. Even the infamous, liberal, Ninja loans (No Income, No Job or Assets). While these unqualified borrowers were enjoying unrealistically low interest rates, I was paying 22% to 24% interest on the credit cards that I had used to provide me the funds for the mud pump business that has created jobs for more East Texans. It's funny, because after 25 years of turning almost every dime of extra money back into my businesses to grow them, it has been only in the last two years that I have finally made enough money to be able to put a little away for retirement, and now the value of that has dropped 40% because of the policies you and your ilk have perpetrated on our country.

You see, Mr. Obama, I'm the guy you intend to raise taxes on. I'm the guy who has spent 25 years toiling and sweating, fretting and fighting, stressing and risking, to build a business and get ahead. I'm the guy who has been on the very edge of bankruptcy more than a dozen times over the last 25 years, and all the while creating more and more jobs for East Texans who didn't want to take a risk, and would not demand from themselves what I have demanded from myself. I'm the guy you characterize as "the Americans who can afford it the most" that you believe should be taxed more to provide income redistribution "to spread the wealth" to those who have never toiled, sweated, fretted, fought, stressed, or risked anything. You want to characterize me as someone who has enjoyed a life of privilege and who needs to pay a higher percentage of my income than those who have bought into your entitlement culture. I resent you, Mr. Obama, as I resent all who want to use class warfare as a tool to advance their political career. What's worse, each year more Americans buy into your liberal entitlement culture, and turn to the government for their hope of a better life instead of themselves. Liberals are succeeding through more than 40 years of collaborative effort between the predominant liberal media, and liberal indoctrination programs in the public school systems across our land.

What is so terribly sad about this is this. America was made great by people who embraced the one-time American culture of self reliance, self motivation, self determination, self discipline, personal betterment, hard work, risk taking. A culture built around the concept that success was in reach on every able bodied American who would strive for it. Each year that less Americans embrace that culture, we all descend together. We descend down the socialist path that has brought country after country ultimately to bitter and unremarkable states. If you and your liberal comrades in the media and school systems would spend half as much effort cultivating a culture of can-do across America as you do cultivating your entitlement culture, we could see Americans at large embracing the conviction that they can elevate themselves through personal betterment, personal achievement, and self reliance. You see, when people embrace such ideals, they act on them. When people act on such ideals, they succeed. All of America could find herself elevating instead of deteriorating. But that would eliminate the need for liberal politicians, wouldn't it, Mr. Obama? The country would not need you if the country was convinced that problem solving was best left with individuals instead of the government. You and all your liberal comrades have got a vested interested in creating a dependent class in our country. It is the very business of liberals to create an ever expanding dependence on government. What's remarkable is that you, who have never produced a job in your life, are going to tax me to take more of my money and give it to people who wouldn't need my money if they would get off their entitlement mentality asses and apply themselves at work, demand more from themselves, and quit looking to liberal politicians to raise their station in life.

You see, I know because I've had them work for me before. Hundreds of them over these 25 years. People who simply will not show up to work on time. People who just will not work 5 days in a week, much less, 6 days. People always looking for a way to put less effort out. People who actually tell me that they would do more if I just would first pay them more. People who take off work to sit in government offices to apply to get free government handouts (gee, I wonder how things would have turned out for them if they had spent that time earning money and pleasing their employer?). You see, all of this comes from your entitlement mentality culture.

Oh, I know you will say I am uncompassionate. Sorry, Mr. Obama, wrong again. You see, I've seen what the average percentage of your income has been given to charities over the years of 2000 to 2004 (ignoring the years you started running for office - can you pronounce "politically motivated"), you averaged of less than 1% annually. And your running mate, Joe Biden, averaged less than ¼% of his annual income in charitable contributions over the last 10 years. Like so many liberals, the two of you want to give to the needy, just as long as it is someone else's money you are giving to them. I won't say what I have given to charities over the last 25 years, but the percentage is several times more than you or Joe Biden… combined (don't you just hate google?). Tell me again how you feel my pain.

In short, Mr. Obama, your political philosophies represent everything that is wrong with our country. You represent the culture of government dependence instead of self reliance; Entitlement mentality instead of personal achievement; Penalization of the successful to reward the unmotivated; Political correctness instead of open mindedness and open debate. If you are successful, you may preside over the final transformation of America from being the greatest and most self-reliant culture on earth, to just another country of whiners and wimps, who sit around looking to the government to solve their problems. Like all of western Europe. All countries on the decline. All countries that, because of liberal socialistic mentalities, have a little less to offer mankind every year.

God help us…

Cory Miller
just a ordinary, extraordinary American, the way most Americans used to be.

P.S. Yes, Mr. Obama, I am a real American…

meet me at: http://www.cmillerdrilling.com ;

and: http://www.centerlinemanufacturing.com

http://www.tom-phillips.info/video/cory....riller.htm

Another republican whining about a 3% in taxes. You guys sure are desperate. "Drill baby drill" isn't the answer. Why? Because what we drill isn't going to stay here anyway. We will sell it throughout the world and make huge profits on it while our situation gets worse.

RobertN Wrote: Another republican whining about a 3% in taxes. You guys sure are desperate. "Drill baby drill" isn't the answer. Why? Because what we drill isn't going to stay here anyway. We will sell it throughout the world and make huge profits on it while our situation gets worse.

Not quite sure how we got to "drill baby drill" from what preceded your post, but I do have a couple of questions.

1. Exactly how do you know that we will sell it throughout the world insted of keeping it here?
2. Exactly how and why would that be a problem if true?

.

RobertN .... the man "Drills Water Wells", NOT OIL WELLS and builds Proprietary Pumps used in 'His Field of Work' with Water Wells, not the Oil Industry.

RobertN ..... what follows is LONG, but it is a real life experience for me that, if you take time to read it, can show you just how Obama is going to kill off Joe The Plumber and hordes of Small Business Owners with his Socialistic and Communistic Economic Ideas.

Please take the Time to Read it or Don't Comment on it ... this is a hard thing to talk about for me and the scars of it have never healed, so if I can take time to write it, you surely can take time to read it or STOP Quoting Obama & Biden's Economic Plan as "Good" when it is Pure Death and Poison to more people than you can imagine.

I have included a Rudimentary Formula that you can use as is or modify to fit your Financial Circumstances … but my point is, for you too TRY to understand and use this Formula and Example of Levels of Income and the Rates they are Taxed at (and this is only Income Tax Deductions and do not take in to Account Other Standard or Non-Standard Deductions or Expenditures You are Faced With as a Small Business Owner and this is does NOT show how Badly a Small Business Owner gets Hit from all sides with Forced Deductions of All Kinds, Shapes, and Levels that He, as the Business Owner is Totally Responsible for or he Goes to Jail)

This is to HIGH-LIGHT the HUGE Difference between Gross and Net Income ….. IT MATTERS !!!!!

Just as your tax table is a "step function", so the formula giving gross income as a function of net income will be a step function:
Let N= net income, G= gross income in dollars.

If 0<= N<= 6000, then G= N
If 6001<= N<= 29412, Then N= G- .15G= 0.85G so G= N/.85.
(the upper limit, $29412, is 25000/.85)
If 29412<= N<= 107143, Then N= G- .30G= 0.70G so G= N/.70.
(Again, the upper limit, $107143, is 75000/.70)

etc.

By the way, a more realistic tax schedule would be

Between $0- $6000 you pay no tax.
Between $6001- $25000 you pay 15c per dollar over $6000
Between $25001- $75000 you pay 3750 (.15*$25000) plus 30c per dollar 1over $25000
Between $75001- $150000 you pay $18750 (3750+ .30(50000)) plus 40c per dollar over $75000
Over $150001, you pay $48750 ($18750+ .40(75000)) plus 45c per dollar over $150001.

RobertN, again I am saying that for once, I am not going to be patronizing you or are going to use 'off-color humor' in this Post ... so please take what I say after this very seriously:

FIRST …. Learn the HUGE Difference in Gross versus Net Income by Using the Formula I posted Above.

And then if you are still so lost on Economics, that you TRULY BELIEVE that a Business Owner, whose Business is only making $300,000.00 Dollars Per Year Gross Earnings, NOT 'Net Earnings' and you HONESTLY BELIEVE that a Barack Hussein Obama and a Joe Biden think, that this Poor Business Owner, making this HUGE $300,000.00 Dollars a Year, lights his illegally Imported Cubanos Cigars with Thousand Dollar Bills, you are a Fool and Barack Hussein Obama and Joe have made you that way.

I owned my own TVRO Satellite Sales, Installation, and Service Company from 1980 to Late 1985 Early 1986.

I made a Clear Cut $25,000.00 Dollars in the First Quarter of 1985 ... then the Federal Government, being Pestered and Lobbied to fooking death by HBO, ShowTime, CineMax, The Movie Channel and Ted Turner along with 1000 other Satellite Fed Entities, enacted Legislation that TOTALLY KILLED OFF MY LINE OF BUSINESS and I had EVERYTHING I OWNED INVESTED or MORTGAGED into the BUSINESS .... almost ever dime I made was turned right back over into the Business - - I was so good at paying back my loans, that I could walk in to my Local Bank and get as much money as I needed on a 90 Day Payback and it probably only took 15 Minutes from the time I walked in 'til the time I walked out with my $20,000 Dollars or what ever I needed. I almost always paid it back within 15 Days to 1 Month !!!!!

I had 2 Full time Employee's and a couple part timers .... so figure my Payroll RobertN at paying my Employees $100 Dollars Per Day .... and figure my Tax Burden and having to pay Employee Social Security and My Own Social Security which is just Highway Robbery on Small Business Owners ...

Then RobertN, take my Inventory Tax on Inventory I had already Paid Taxes on when I bought the Satellite Equipment, and my over head of having to have & store Inventory of $50,000 to much more at any given time, just sitting there in anticipation of making a Sale or needing to Have Replacement Parts of ALL KINDS on Hand when I did Service Work and it was a Business Service Call like a Hotel, Motel, Sports Bar who needed their Satellite Television System running 24/7/365 and it mattered not what Brand Name Satellite Receiver or Lift Arm I used as a Temp Replacement, as long as the Sports Bar could crank up the "Game" or the Hotel/Motel could provide Movies from the Disney Channel to the XXXtacy Channel 24/7/365 just like the Sports Bar required.

So out of $25,000.00 HUGE DOLLARS in the first 3 Months of 1985 ... I probably pocketed $5000.00 to $6000.00 of that ($6000 Dollars Divided by 3 Months there RobertN) ..... BUT NOT REALLY EVEN THAT MUCH ..... since I was Taxed Twice on my Income .... at the time of Distribution from my Accountant, to April 15th when Uncle Sam hit me for a full blow cut at the Highest Level Tax Rate since I was making $100,000.00 to $200,000.00 Dollars a Year and Self Employed, I got HIT Like with a Bullet Train ..... (and let us not forget that Sneaky State and County Tax crap).

BOY making $25,000.00 in '3' Months !!! that sounds like a Ton of Money and in 1985 Dollars Too !!!!!! I was a Rich Man Right .....

WRONG !!!!!! If I was lucky and Grossed $150,000.00 Dollars for 1984, I may have pocketed $20,000 to $25,000 Dollars as my Paid Income for that year and most of that went back into the Business and to House Mortgage, Vehicles for Home and Work Trucks, Health Insurance for me and my Family out of my Pocket ..... I worked for my self RobertN ... no one GAVE ME HEALTH INSURANCE RobertN and I had a family to Support and keep healthy and well.

So after all was said and done .... I may have been lucky to actually have $10,000.00 Dollars Free, A Year, to buy Groceries, pay for Propane Gas to heat my house and cook my food with, buy Furniture when needed, buy Office Supplies that were ALWAYS NEEDED and Super Expensive, to simply try to have a Night Out with My Wife and take care of my kids.

Oh hell, on Paper, I was worth $300,000.00 Dollars at most anytime between 1980 & 1985/86 ... but Paper is good for wiping your azz with in this instance.

I was taxed on my "WORTH" RobertN, not my Net Income like a McDonalds Counter Person was Taxed and in the End, after the Tax and Money Outgo was tallied, and I worked 12, 14, 18 hours a day if I had too .... the McDonalds Counter Person actually made More than me in Net Income and was Taxed 75% LESS than me and only worked an 8 Hour Shift and maybe worked 5 Days a week. I worked an easy 80 hour week or more if you count the hours spent at the Desk at Night going over Paper Work and the like.

Well in 1986, after totally Scaring the Public to Death so they wouldn't purchase Privately Owned Home Satellite Systems, the big Money Corporations, Instead of Coming to Us, the Satellite Installers and working out how we all could make a profit from what was and HAD BEEN totally free for YEARS, good old HBO and Turner led the pack that just fooking devoured Congress and probably spent close to $1 Billion Dollars to get Legislation Past that Made it Illegal for any Person to Capture and View Satellite Delivered Signals and in 1985, about 75% of all Satellite Fed Media Companies started Experimenting with some sort of Signal Scrambling and would Televise Pure Fear Inspiring Messages all day long about how many "Years in Prison you could get (10) and the Fine back them was a Cool $1 Million Dollars" if, once Signal Scrambling began, you were caught getting around their Security Measures and not Paying Subscriber Fees for HBO, Turner, the Movie Channels, EVEN "PBS", WHICH IS MOSTLY TAX PAYER FUNDED !!!!! LMAO

So by late 1985, my Business that took in $25,000.00 Dollars the 1st 3 Months of that Year, was over !!!! I filed for Full Bankruptcy in December 1985 and it was Finalized (Discharged) in Spring 1986 in Federal Court !!!

You say, "Well that was fast to File Bankruptcy", you should have waited to see if things would get better first .... LMAO .... there are No Paid Vaction or Paid Sick Days when you work for Your Self RobertN and there are no Government Mandated Paid Emergency Days if your Azz in on the line as an Independent Business Owner ..... you don't work, you don't eat !!!!!!

I know of 25 Friends and Competitors that were sitting in the same Bankruptcy Court Room as I was at one time or another over the next 6 Months.

Government did not want to hear from us and we ganged up and tried to Lobby, but we were a bunch of Broke, Too Little Way Way Too Late Nothings compared to Hughes Communications, Time/Warner, Bloomberg, and the Corporations that owned HBO, ShowTime, The Movie Channel, Cinemax, The Discovery Channel and on and on and on ad-fooking-nauseam .... I have to hand it too MTV, they stayed Free for as long as they could and even VH1 was born out of the Ashes of this debacle and stayed free for one of the Longest Runs I have seen from a Satellite Media Provider.

In 1986, a once $1500.00 Dollar Top End Home Satellite System was forced up in price to at least $3 Thousand to easily $4 Thousand Dollars because of the Cost of the New & Legal Chaparral & Channel Master DeScramblers that cost $1000.00 Dollars by them selves, then just a one year Subscription to HBO was $500.00 Dollars per 12 Months, IN ADVANCE, no monthly rates !!!!!

All Satellite TVRO Installers had to now be Registered with the Federal Government and have a Tax I.D. Number so no Untrained Person could run out and install a Satellite System .... another $500.00 Dollars a year tagged onto my Out of Pocket Expenses and Uber-Scrutiny from the IRS and the FCC .... they stayed on us all the time.

SO .... 12, 14, 18 Hours a day and I worked on EVERY Holiday by my self ... gave my Employees the Holiday Off, but I went out and worked on Christmas even .... and did this from 1980 to 1986 and look where all that HARD AZZ WORK GOT ME ..... In Federal Bankruptcy Court and It cost at least 1000 Jobs just in my General Area .... 1000 people almost instantly out of work for no reason other than the Federal Government needed to Run the Affairs of Comcast, Home Box Office, Turner Broadcasting (I laughed 'til I hurt when Ted Turner had to file Bankruptcy), Hughes Communications, and the other Big Money Guys, that paid just Vulgar Amounts of Cash, from Under the Table Lobbyist Payoffs and Kickbacks to Members of Congress and other Federal Department Heads ....

Most of the above mentioned companies have all had some sort of "Government Bail-Out Assistance or Merger Loan and Acquisition Money Help from Uncle Sam including Huge Tax Breaks if they were buying another company for $billions$ ..... where the Hell was Uncle Sam when THOUSANDS of Independent Satellite System Installers went down the tubes with no Voice in Washington to help us out.

We all thought that the Kaul Family was going to finally get us heard in Washington, but it didn't happen and we were left to die and dry. Several of them now 'Work In Washington' ... WOW, wonder how that happened ???

I have never seen an Initiative Ram-Rod'd thru Congress and so overwhelmingly Past in Olympic Record Speed .... it was done in such quickness that it did not give Us ground Level Business Owners any time to stop it or be able to even Brace for it. For a Non-Emergency piece of Legislation, you would have thought they were Fighting World War III from the Haste at which they Rushed these Bills thru and Voted them in like Dominoes !!! It took longer for the United States to enter into War with Afghanistan/Taliban after 9/11 !!!!!

A year later, after this Cat 10 Congressional Hurricane had Destroyed 1000's and 1000's of Self-Employed Satellite Systems sales, service, and installer Business Owners - - and put 10's of Thousands of Hard Working Americans out of work almost over night, we saw exactly what our Ugly, Thieving, and Underhanded Congress had done to all of Us Small Business Owners ....

They paved the way for Hughes Communications and Other Super Powerful and Filthy Rich Corporations, to "Invent Entire Satellite Systems and Subscription Packages" and were installed, Could ONLY be installed, by Their Trained and Licensed Employee's and they even redesigned the entire way the Business Worked and instead of a 12 or 16 Foot Satellite Dish that Moved Along its Azimuth to Point/Aim to a Satellite, you now had Conglomerates Touting Their 8 & 6 Foot Dishes or Starting to Trout their 18 or 24 Inch Dishes with Compressed Signals, that could be stationary or mobile and super light weight and cost about $5 Dollars Each to Manufacture in Bulk.

And all the Dogs like HBO and the Rest of the Hounds that Let Blood in Congress to put us Independents out of business, now had Affordable Monthly Packages with these smaller systems and were doing exactly what we had begged them to work with us on just months before !!!!

These Huge, Vulgarly Rich Corporations, sat back and watched Guys like me, work their azz's off, and saw how we did things and how WE saw what needed to be changed and improved upon and We made the Difference for 5 Good Years .... then, once the Big Money Corporations learned how to get it done cheaply by following OUR Sweat and Tears ... they pounced on Congress and Had All of Us out of Business within 12 to 18 Short Months ... I have never seen anything like it before or since that was not connected to National Security or a Failing Economy.

So that is my "Joe the Satellite Dish Installer" example from 30 years ago, showing EXACTLY what is going to happen to all these Super Rich, under Obama/Biden's Definition of Rich, Working People and Small Business Owners who make more than $250,000.00 Dollars a year .... they are going to GO UNDER, BECAUSE that Quarter-of-a-Million-Dollars as Obama loves to say it so it makes it SOUND SO MUCH LARGER than it truly is, ISN'T REALLY $250,000.00 Dollars RobertN .....

A Small Business Owner whose only Income IS his Small Business and is Grossing ONLY $250,000.00 Dollars Per Year, is lucky to actually Bring Home to feed, house, cloth, get Medical Help for his family, and just plain survive, is UBER-Lucky if he honestly and truly Clears $25 or $35 Thousand Dollars a Year before he pays for Life out Side of his Business.

It was nothing for me to have Half a Million Dollars worth of Satellite Equipment move thru my Business in a years time, but I didn't make Half a Million Dollars from it ..... not when you can ONLY FIGURE YOUR PROFIT FROM IT and your Profit Quickly Shrinks with every Penny you Spend to Get that Piece of Equipment from Point A to Point B, C, D, or E and if it was a Return/Replacement Part where no money exchanged hands ..... then there was NO MONEY MADE and if it was a Warranty Item, my Company ate the Shipping Cost, the Service Call Cost (gas, man hours, tools ,, etc).

The piece of hardware's value is still there on paper, it's Serial Number had Changed and in Inventory, it had to show up that way, so yeah, it is super easy to have what seems like a LOT of MONEY MOVE THRU YOUR BUSINESS when it is all PAPER VALUE .... Obama and Biden don't tell people this though.

I had to have a way to 'Offset' some of this silly azz taxation and show either Losses or '0' Profits for Parts of my Company ... so I became an "Enterprise" with about 5, I think, Dvisions .... Warehousing would have to Sell the Part/Item to Installation & Service and since Installtion & Service made no Money or Profit, they were a Loss to my Business .... Sales had to Purchase from Warehousing and Warehousing Sold to Sales at Their Cost, so that was '0' Profit and could even be a loss since Warehousing had to Ship the Item to Sales - - and of course Sales usually always showed a Profit on all Sales, so that was a + Profit Division and the Fooked up thing about it ..... I was "ALL of these Divisions" !!!!! Isn't that pure stupidity that you are forced to run your business like that or you suffer needlessly ???? And Obama is about to Put a World of Hurt on 'Em RobertN ..... a WHOLE WORLD OF HURT.

So RobertN .... to get back to all this HUGE MONEY in SALARIES - - this man only has $25 to $35 Thousand Dollars in his pocket to Put Food on his Families Table, Take them to the Doctor when they are Sick, keep their Home Out of Foreclosure, have a Vehicle that will run from here to there without breaking down, THEN PAY UNCLE SAM 15 Different Times for 15 Different Kinds of Taxes that eventually end up Taxing this Small Business Owner at Rates that can be as high as 60% to 75% when combined. And these TAX BREAKS they harp about are a Fooking Joke and hardly ever apply to you. So don't buy into that crap either …. It just ain't true !!!

When you sit in Bankruptcy Court RobertN, with tears streaming down your face, then you have the RIGHT to PLAY Against THIS "CLASSIC SOCIALISTIC/COMMUNISTIC and IDIOTIC CLASS WARFARE GAME" that Obama and Biden are Going to Shove, not Down Your Throat, but UP YOUR AZZ.

You are already 'Brain Washed RobertN', because you only see this Huge Money Figure of $250,000.00 Dollars Per Year and you are so Blinded that you can not see that $250,000.00 Dollars IS NOT WHAT THESE PEOPLE ARE ACTUALLY BRINGING HOME TO THEIR FAMILIES !!!!!!!!!

PLEASE UNDERSTAND THIS ..... THEY CAN NOT AFFORD THIS FOOKING FOOLISHNESS RobertN !!!!!

You would have to be Grossing $1 Million Dollars a Year to actually be able to Clear $250,000.00 Dollars and be the Amount of Net Income You Bring Home to your Family ....... and even Grossing $1 Million a year, I would find it hard to see a Business Owner Clearing or Net'ing $250,000.00 if he is trying to Grow His Company and not simply Stealing From it. It takes a LOT OF MONEY to make money RobertN and that is NO LIE.

I love these Idiotic TV Ad's were these Dumb Azz's are jumping around their $10 Million Dollar Homes and their Special Order $250,000.00 Lamborghini's and Ferrari's and screaming that they make $12,000 Dollars a Day and only work 10 Seconds Every 6 Months .... THAT IS BULLSHYTE and any Business Owner with a 10 I.Q. knows that - - it takes money and work unless you are a "Trust Fund Baby" and I am no Trust Fund Baby.

WAKE THE FOOK UP MAN !!!!!!!!!

Stop just Listening to this Communist Shyte and START DOING SOME of THE MATH for your self and Debunk These Lying Fools that are Stealing Your Wealth, giving it to Ms. Peggy to pay Her House Mortgage With, and Calling it "Patriotism" RobertN !!!!!!

Please do the MATH ... YOUR Own Math ..... not theirs and you WILL BE AMAZED THAT, "HEY, THESE SUCKERS REALLYARE LIARS & ARE REALLY WRONG" !!!!

I hope you took the time to read all of my Post ... and it is TRUE RobertN ... I still have my 'Bankruptcy Discharge Documents' from 1986 .... I keep them as a Harsh Reminder of just what "Your Government Can Do For You".

And I surely hope no one Accuses me of Bragging in this Post, about Filing Bankruptcy that is - - I get accused of Bragging about all sorts of 'Nothing to Brag About Stuff' in some of my Post. If you do, then I hope you are Forced to Have the Same Thing to Brag About in Very Short Order.

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RobertN Wrote: Another republican whining about a 3% in taxes. You guys sure are desperate. "Drill baby drill" isn't the answer. Why? Because what we drill isn't going to stay here anyway. We will sell it throughout the world and make huge profits on it while our situation gets worse.

Where the hell are you getting this 3% ****? Even if he pays the highest, which is 35%, it'll be an increase by 4.6%, to 39.6%. ...and when he lets the Bush tax cuts expire in '10, it'll jump up to 50.3%.

Yeah, yawn all you want, lib, while he starts laying people off left and right. Probably "yawn" if you saw someone being robbed as well. ....because that is what it is.

BTW, he drills for water, not oil. Nice of you to read before responding, dork.

Cory should have learned from the ant that hard work doesn't pay in a democrat world.

Quote:The Ant & the Grasshopper


The Original Version...

The ant busts his butt in the withering heat all summer long, building his house and laying up supplies for the winter. The grasshopper thinks he's a fool and laughs and dances and plays the summer away. Come winter the ant is warm and well fed. The grasshopper has no food or shelter so he dies out in the cold.

The New Liberal Socialist Version...

It starts out the same but when winter comes the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others are cold and starving. CBS, NBC, CNN and ABC show up and show pictures of the shivering grasshopper next to film of the ant in his comfortable home with a table filled with food.

America is stunned by the sharp contrast. How can it be, in a country of such wealth that this poor grasshopper is allowed to suffer so? Then a representative of the NAAGB (The National Association of Green Bugs) shows up on Night Line and charges the ant with "Green Bias" and makes the case that the grasshopper is the victim of 30 million years of greenism. Kermit the frog appears on Oprah with the grasshopper and everybody cries when he sings "It's Not Easy Being Green."

Obama makes a special guest appearance on the CNN evening news and tell a concerned Larry King that they will do everything they can for the grasshopper who has been denied the prosperity he deserves by those who benefited unfairly during the summer, or as Obama refers to it, the "Temperatures Of The Last 8 Years".

Finally the EEOC drafts the "Economic Equity and Anti-Greenism Act" RECTRO-ACTIVE to the beginning of the summer. The ant is fined for failing to hire a proportionate number of green bugs and having nothing left to pay his Retro-Active taxes, his home is confiscated by the government.

The story ends as we see the grasshopper finishing up the last bits of the ant's food while the government house he's in....which just happens to be the ant's old house.... crumbles around him since he doesn't know how to maintain it. The ant has disappeared in the snow. And on the TV; which the grasshopper bought by selling most of the ant's food, Obama is standing before a wildly applauding group of Democrats announcing that a new era of "Hope and Change" has dawned in America.

THE END