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Dimview09

What will the stock market do know that we have a new government that has said it will tax business?

John P:

obama has already changed his mind on taxing business. He will be taxing the white middle class. He needs those race cards, so he will know who is white and make sure he does not charge the blacks or others with any tax money.

Dimview09:

No he intends to tax business he must that is the only revenue stream left in this country, he will tear that down if he continues. I have no worries I have made mine but for the rest God help you Obama has total control of the country and he is a professed Marxist.

Alabama:

Businesses don't pay taxes. Never have, never will. Their only function is to COLLECT taxes from us to pass on to the government.

Dimview09:

Thanks for telling me it must be my accountant that is embezzling my money and telling me it is for taxes. Thanks lol all kidding aside I will probably have to give up my business it runs on a thin margin but has good volume the taxes will change all that.

Rick:

wow, I have a MBA from stanford and took a whole bunch of business courses. Never learned that. Can you explain to me how that works? I've been running my business for over 40 years and we always pass the increases to the customer.

Alabama:

Ordeblu...you pass the increases to the customer. Did you just answer your own question? YOU collect form the customer and give to the government.

Dimview09:

Stanford is one of my customers SLAC they don't pay taxes my business pays taxes my corporation pays taxes and if I choose to take a pay check I pay taxes. My business also pays taxes to it's resident city my business is taxed to death! You need to sue Stanford for a very poor education.

Russ:

Like the "old" government" does not...the "permanament government " is alive and ready...

Claude:

At the same rate they were taxed when Clinton was in office and the economy was roaring along and the government had a surplus instead of a deficit. Gee, what's so bad about that.

Dimview09:

Not if he taxes as he has stated

Zeke:

Actually the Market was up quite a bit on the prospect of an Obama win.

Dimview09:

That's very funny. So what effect do you think Obama will have on the market?

Zeke:

I think the markets will have more confidence in the direction of the country. Confidence that the needed regulations will be put into place once again . That fairness in the marketplace will be restored . It will take some time but they will move higher , not immediately. the investments in infrastructure and alternative energy will also propel the economy , the savings from the withdraw from Iraq will will also be positive for the economy.

Dimview09:

Well markets are only there because there is a profit potential Obama has made it clear that he will limit the way and amount of profit that they make. If that actually happens we will go into a depression but wee may not come out it is not like years ago businesses don't need to be Anchored in America they can go anywhere and they will and are as we speak.

Alabama:

The Dow is actually down a bit. Which market are you looking at?

Zeke:

the market was positive the day of the election. It will be down for awhile . We are in a recession and a bear market. But longer term it will move higher. The fact that it did not crash today is actually more proof of the positive effect of the Obama win.

Alabama:

I hope you are right Joe 12 pack. I would love to see the market go back up.

Dimview09:

It didn't answer my question, but the market is down so far today

Muttin':

I know, but i thought it would give you more answers from last night.

Dimview09:

Thanks

Rick:

my company is in this group that will have its taxes raised. We will just raise our price and reduce service to the customers. This is how it works. Taxes are a cost of business.

Dimview09:

Yes and in your case it will more than likely have less gross sales and with Obamas other business ideas your profit will be cut from inside as well. I and others I know will be dropping our business interests we are services we run on small margins. And if (likely) the capital gains are raised I will get out of the markets all together and put that money where the taxes are nonexistent sadly not in the USA.

Alabama:

You collect from the customer and give to the government. How does this not make you a tax collector?

Dimview09:

Your kidding right?

Rick:

wonderr I think your trying to hard to be difficult. Take a business course.

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