Tag: Double Standards

Simple understanding of business start up and tax incentives

So I just have to share my thoughts on this very topic as I keep seeing and hearing the argument from people who are not familiar in general business practice or even how businesses become a business…

Or how they always say that, “These are a ‘tax break’ for ‘big businesses’ only!”

First of all, let me say this… Big businesses used to start off small whether they started out as a corner store, mom and pop shop, out of your back yard, out of your garage, etc. This list can go on. The common logic approach, which I have noticed quite a lot is missing now-a-days, if these small businesses become more successful in what they do – they will grow bigger and eventually become a ‘big business’ that people tend to complain about.

And what do these small business that become a bigger business do? They provide job opportunities to everyone who just want to have a job, that do not have the drive or wish to be a business owner or to open, own and operate a business.

That’s why business owners are also called ‘entrepreneurs’.

This is the exact definition of what an ‘Entrepreneur’ is.

This goes back to my prior blog about what types of businesses are out there: President Biden’s Economic Policies

These business owners take all the financial risk in their business throughout the lifetime of operating their business. What do I mean by financial risk? They usually use their OWN MONEY to fund their business. I mean usually, some other business owners would take out a business loan (but still they use their own money generated back from their business to pay that loan back).

So there are many tax laws provided by the Federal Government, State Governments and local County or City Governments which provide incentives for these business owners to start or have their business in said city or state.

One of many which I won’t get into because the Federal Tax laws are in a whole other field of their own… are business start up costs. A simple explanation of business start up costs you can peruse on your own below and in the link provided.

Now, lets talk about tax incentives… Many cities or states provide various tax incentives for businesses to come to their location. Why? So these specific businesses provide jobs and additional opportunities to people who live in these locations that the business is possibly looking to move to.

It benefits the local community as a whole if that particular business moves there because: 1 – They provide job opportunities to people locally, 2 – Can help the local community be revived if it is at a standstill, 3 – can actually help other businesses in the surrounding environment.

A couple of examples I have experienced directly.

  1. Amazon over the past 2 to 4 years upgraded or replaced their delivery vehicles in our area.
    1. Newer Amazon delivery trucks are driving by when making deliveries locally. Many people, I’ve seen on social media, complained about Amazon not paying taxes or reporting $0 in taxes being paid. Well, many of these people do not realize that Amazon replaced or upgraded their delivery trucks – which in turn is a tax deduction for tax reasons under the Federal Government tax law. So maybe that is one of the reasons why they had little to no taxes paid because Amazon replaced their fleet of delivery vehicles – probably across the nation. Newer trucks means the Amazon people making those deliveries can get to you rather than using a beat up vehicle that can break down or their own vehicle that could break down (as well) while making deliveries because they’re carrying a lot of packages.
  2. Local big name car dealership in Georgetown helping local businesses and the surrounding communities
    1. This car dealership has survived in the Georgetown area for 50+ years and always gave back to the local surrounding communities to help the area stay alive and thrive. What’s an example? Well this car dealership provides free advertising for the smaller businesses in the area and spreads these advertising to the people who come to their dealership whether or not they are purchasing a car from them. And because they advertised these local businesses the businesses themselves are still open and thriving with all the foot traffic brought to them.
  3. Another example I have for you, an automotive repair shop – Austin Automotive – they’re one of many local repair shops in the Central Texas area. They have various locations in the Central Texas area but they could be a small business and you (yourself) may not know that. Just on the surface you could see this repair shop and automatically think – “Oh this is a big business! I do not like them.” But hold on… have some common sense here. What is considered a small business? Please see below of what is considered a small business from the IRS and from American Society for Quality (ASQ):

So a small business can be any of the below (as indicated above from the IRS and ASQ)

  1. IRS – the business owning business assets under $10,000,000 (basically the equipment, building/store front, etc.)
  2. 500 employees or less (Manufacturing and mining)
  3. 100 employees or less (Wholesale Trade)
  4. $6,000,000 in average annual revenue (Retail and Service industries)
  5. $28,500,000 in average annual revenue (General and Heavy construction industries)
  6. $12,000,000 in average annual revenue (Special Trade Contractors)
  7. $750,000 in average annual revenue (Agriculture)

Generally speaking, tax incentives are provided to all businesses regardless if the city or state wants that particular business to come to them (big OR small). And having these businesses come to the local areas (regardless if their big business or small business) these businesses and I will repeat this again…

It benefits the local community as a whole if that particular business moves there because: 1 – They provide job opportunities to people locally, 2 – Can help the local community be revived if it is at a standstill, 3 – can actually help other businesses in the surrounding environment.

I mean honestly, people who complain and moan about big business not paying taxes or have so many tax incentives do not realize the cause and effect of it all. How does it affect YOU personally? It does not. Why? Because you will usually pay the same amount of taxes almost each year.

These businesses pay a lot in taxes after the fact (AFTER) the tax incentives are passed their time – they usually have a set time frame of when tax incentives expire when the businesses takes off – become profitable, grows, etc.

So what does it matter to you if these businesses (small or big) don’t pay taxes now? The businesses will pay taxes later on and usually a hell of a lot more than you do as a person.

WATCH the Left Incite Violence More Times Than You Can Count

At the 2:00 minute mark. Glen makes sense about being worried and questioning who made this?

I definitely agree with Glenn, to be worrying that finger pointing will happen again – and this will set it up for another conspiracy theory. And that no one will no the actual truth anymore. What is truth the now?

His fore shadowing and past warnings has been spot on… And I don’t blame him for being worried about what may come next.

Please pray for peace and protection for everyone. That everyone calms down thinks with a level head and not with emotion.

Irrational actions results with severe consequences.

At the 6:28 minute mark – very eye opening when the left and mainstream media keep stating that our current President has “incited” violence… When the left, media and celebrities themselves have been doing it continuously and never ever got in trouble for it!

It’s the hypocrisy and double standards yet again.

Big Tech Censorship

“Remember when Nancy Pelosi she called the red hat – Make America Great Again – red hat the new ‘KKK’ hood.”

“Alexandria Ocasio-Cortez called President Trump a “white supremacist” countless times.”

“Ilhan Omar stated that the prior Trump rallies were ‘Klan rallies’.”

I agree with the twins, the above mentioned, would incite violence because specifically of the narrative that the progressives/liberals and people on the left keep repeating and repeating loudly. Why? Just because they do not like Trump.

And since progressives/liberals and people on the left constantly repeated the same narrative, various Trump supporters, minding their own business, wearing the apparel were attacked – for the simple fact that they are wearing the “Trump” gear.

I DO NOT like white supremacists, racists and people insinuating a false narratives.

At the 4:50 minute mark, the Hodgetwins did have a valid point… All the Congresswomen they mentioned earlier who made remarks still have their Twitter accounts. Why is that?

And they touched upon the BLM protesting / riots when they started destroying businesses, burning buildings and other businesses chanting, “NO JUSTICE, NO PEACE”. What does that mean to you? Why was that okay – to the left?

And remember BLM Chicago organizer, Ariel Atkins – the looting – in Chicago? “Looting… that is reparations… Anything they want to take, take it because these businesses have insurance…”

BLM is still on Twitter… still on FB. After all they’ve done.

All of this talk by government officials are talking in hyperbole (exaggerated statements).

The main point is that the current President of the United States no longer has his social media platforms. However, on the other hand – all these other government officials and protester organizers still do – even after all of the things THEY have stated in the past in year 2020 and before.

10:15 minute mark – Social media companies are a private company – they can do whatever they want… All right, then why can’t private companies be open for business during COVID-19? Doesn’t make any sense.

10:50 minute mark – Who gave all this power to the Big Tech companies? Congress did. Now that Big Tech has this “immunity” it is now being abused.

Section 230 was developed in response to a pair of lawsuits against Internet service providers (ISPs) in the early 1990s that had different interpretations of whether the service providers should be treated as publishers or distributors of content created by its users. After passage of the Telecommunications Act, the CDA was challenged in courts and ruled by the Supreme Court in Reno v. American Civil Liberties Union (1997) to be unconstitutional, though Section 230 was determined to be severable from the rest of the legislation and remained in place. Since then, several legal challenges have validated the constitutionality of Section 230.

In the following years, protections from Section 230 have come under more scrutiny on issues related to hate speech and ideological biases in relation to the power technology companies can hold on political discussions, and became a major issue during the 2020 United States presidential election.

Now – if you can’t see it – open your eyes WIDER. Congress has given power to all these people and look how corrupt they’ve become. Big Tech is hiding behind the “immunity”.

Big Tech can’t be sued so why are they censoring certain people?

If you can control the narrative in the public form, which these social media platforms are… You control literally everything. They want to control the narrative because hardly people watch T.V., listen to radio – but are largely on these social media platforms.

Maxine Waters, so was she inciting violence back then? Among other people…?

So it’s okay for her to say such things back then and not have much backlash come back to her about her statements? That sounds like a bit of a double standard, here.

Let’s take a look at some other examples, shall we?

Let’s hear her again…

Once again, let’s hear her again… “there needs to be unrest in the streets for as long as there unrest in our lives”.