And why the hell isn’t the rest of his family working to feed themselves? Damn freeloaders! 
Nobody here is whining about this guy being a successful businessman or about him being rich. They’re whining about him playing this “woe-is-me” act when he’s raking in 600k a year.
And yeah, he’s bringing in $6 million revenue - but that’s not profit that the government is skimming off of. That’s the total amount of money that his businesses generate, much of which will go to pay for staff, materials, rent, legalwork and various other expenses associate with running a network of businesses. And yes of that money will go to taxes and regulatory expenses. But even at a 10 percent profit margin, he’s not doing too shabby.
If you opened a new store, the expenses related to that (purchasing inventory, rent, whatever) would all be deductible, yes. I guess it depends on what’s meant by “reinvest it in the business.” I mean, I know some businesses that like to have a large pot of cash sitting in the bank and so that money might just be moved over like that. . .I’m pretty sure that wouldn’t be deductible (though maybe I’m wrong). If by “reinvesting” they mean buying something, then yeah, that’s deductible.
Jesus, how fucking stupid are you? No don’t answer that, it’s what your betters like to call a rhetorical question.
He starts businesses? Great.
He makes money from them? Yes, I should certainly hope so.
He makes lots of money? Good for him.
He whines about how tough it is to make it on only $600,000/year and 200K of that goes to “feed his family”, and no, he does not want to pay an additional dime to help pay for the countries DEBT that was rung up in no small part to pay for wars that his party started? He’s an asshole.
But keep flailing about with your strawman. It’s fun to watch.
I notice that he says he has 500 employees. If all $6 million went for salaries then that is $12K per worker per year (not even taking into account employer taxes, benefits etc). Most likely the workers are getting about half that. He either has a lot of really part-time workers or he is paying less than minimum wage. I guess those that are grossing less than $12K a year should pay more taxes before he does.
Pretty sure the $6 million figure is after paying salaries and overhead. He’s making $6 million profits, not $6 million total. If he is only making $6 million total with 500+ employees, fucking hang the fucker for gross incompetence and complete waste of oxygen.
Fuckers probably have a refrigerator and everything. :mad:
I didn’t see him doing a woe-is-me act. He’s just sharing the reality of a small businessman. I didn’t see any whining at all.
No, not too shabby. Not so super-fantastic either.
I wait for EMCNIGHT to come in and tell him how to put plastic over his windows, eliminate Tv and internet and live in the cold and dark ,to get by.
He’s crying about “class warfare” Someone using the term “class warfare” when the discussion is about increasing the tax for someone making over $1,000,000 PER YEAR is whining in my books.
Someone crying poverty when he ONLY has 400K left after “feeding his family” is whining in my books.
The country is in debt. I thought that was what the whole recent “unpleasantness” over raising the debt ceiling was about. Time for those making millions to come to the party and become part of the solution, instead of crying “Oh, Oh it’s so hard because I only have $400,000 left over to play with at the end of each year.”
P.S. “only” having $400,000 left over each year is NOT a reality for the vast, vast majority of small businessmen.
Talk about out of touch. After his own (proportionate) salary, my dad makes 1.5%-3% profit margin. That weepy genitalia of a congresstard can get back to me when he has to survive in the grocery business.
Hard to say. Easy to give you a relative idea though: way, way smarter than you.
Hey, you got some stuff right. Congratulations.
Based on the information in this thread, it appears that you’re a much bigger asshole. He seems to be a pretty smart, productive guy. A guy who I bet is contributing more to the tax coffers than you. Is that right? Fell free to lie, though, it would fit with the persona you’re presenting.
Oh—and you do realize that the term “feed his family” is an expression that points not only to food? You do realize that, right? Please say you do, because it’s hard to fathom that even someone as clueless of you would not understand that. Granted, I might be being too optimistic here.
Look son, you may want to look up with strawman means. You obviously don’t have a clue. What, did you see it in someone else’s post and thought it sounded smart and thought you’d just appropriate it. Your statement is so dumb it doesn’t even rise to the level of being fallacious. WOW! :rolleyes:
I worked at a grocery store. And while the markup on most items was what you say, I assure you the at the guy made a butt load of money. There are coupons, incentives, etc, mush like the car business. My unlce has two car dealerships. and while he “makes” a few hundred dollars per car, all the incentives, buy backs and other stuff garners him a very nice profit on his overall investment.
But the grocery business is a tough one. I take my hat off to your dad.
Not to get too Yorkshireman here, but personally, I’d DREAM of having 200K per annum with which to provide for my family.
And I wouldn’t even insist on having ANYTHING above and beyond that.
Actually, his wording in the interview suggests that the total revenue of the business is about $6 million, and that salaries and overhead come out of that, leaving him with about $600,000.
Interestingly, his 2010 financial disclosure form lists, under the “Amount of Income” section, a figure of “Over $5,000,000” for his Subway restaurant businesses. I’m not completely sure how Income is defined for the purposes of these forms, but my initial assumption would be that income would constitute the amount that the congresscritter actually takes out of the business, and not the business’s overall revenue.
Does anyone know how this works? Fleming’s latest disclosure form can be downloaded from here
Do you have any idea what percentage of the United States population struggles by on $600,000 a year or more?
I’m not arguing that he shouldn’t earn that much money. Hell, for the purposes of this particular post, i’m not even arguing that he should have to pay more tax on that money. I’m just astounded at the willful denial of reality that could cause someone to describe an annual income of over half a million dollars as “not so super-fantastic.”
I mean, if your typical standard for discussing wealth and income is that of Major League Baseball players or network sitcom stars or Fortune 500 CEOs, $600K might not seem “super-fantastic.” Would you mind letting us know if that’s the standard you generally prefer to use when evaluating claims about income and lifestyle? It will be useful to know where you’re coming from in future discussions of economics.
I dunno. Here’s the money quote from the article cited above
Sure sounds like 6.3 million is what he takes in. People have already done the math, but the ‘500’ employees claim (that’s on his web site as well) seems a bit fishy when you factor in the $6.3 million gross revenue claim. There must be an awful lot of teenagers working 5 hours/week at the sandwich shops.
I’m sure. But did you find Waldo yet?
He’s right about the class warfare. And YOU have proven him right with each of your posts in this very thread. maybe he should put you on the payroll for helping him look good.
He’s not “crying” or “crying poverty”. He’s saying that on a nut of $6 million that having $400k doesn’t make it easy to upgrade his businesses or open new locations. You know, the types of things that create jobs.
My, you’re a dumb one. I’m gonna go out on that limb again and say that he’s “part of the solution” more than you are. If not, please tell me how many people you employed last year, and how much you paid in taxes.
And you’re “play with” is “reinvest” for someone with small business. Also someone who is not an idiot.
I don’t know what the average number is. But this guy is not your ordinary small businessman. He has multiple businesses.
This is idiotic. If Obama wanted to kill all the Jews, do you think it would be stupid for me to complain about that policy simply because I’m not a Jew (or even Jew-ish)?
The guy thinks increasing taxes on rich people is a bad policy and doesn’t want the government to adopt that policy. It doesn’t matter whether the policy would increase the taxes this guy would personallý pay.
Yes, 200k can be a nice living for sure. Depending on where you live and the size of your family. But many doctors make more than that just through their practice. This guy has multiple businesses and I take my hat off to him for that.
Most business shoot for a profit of 20% of revenues. That was the point of the comment you cited. Some make more, some make less. His 10% is good. certainly not great.