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Not enough money

Discussion in 'Politics, Elections & Legislation' started by BigBadBob, Sep 20, 2011.

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  1. BigBadBob

    BigBadBob TS Member

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    Just saw on Yahoo that another congressman, John Fleming, Republican from Louisiana doesn't make enough money. With income of $6.3 million it sounds a little hokey to me.

    "The amount that I have to reinvest in my business and feed my family is more like $600,000." Fleming explains. " So by the time I feed my family I have, maybe, $400,000 left to invest."

    $200,000 a year to feed his family?? $200,000 divided by 365 days in a year is $547.95 a day. What the hell is this family eating and how many is he feeding?
    That's more than it cost me for a family of 4 if we don't eat out at restaurants.

    I'm not cracking on him because he is Republican, I'm sure Democrats have the same problem, they're just smart enough not to mention it in public.
     
  2. CalvinMD

    CalvinMD Well-Known Member

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    I wish I had it so tough....Boo friggin Hoo Mr Fleming!!
     
  3. daddiooo

    daddiooo TS Supporters TS Supporters

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    BBB,

    There's plenty of ignorance on both sides of the isle to go around. Rep or Dem.

    I just wish it weren't too late to get our money back for the
    Louisana Purchase.
     
  4. Recoil Sissy

    Recoil Sissy Well-Known Member

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    BadBob:

    According to a snippet of the MSNBC video (it's linked above) Rep. Fleming runs Subway sandwich shops and UPS stores.

    The $6.3 million figure is some undefined form of gross revenue. Out of that $6.3 million of gross revenue Fleming pays 500 employees, rent on store locations, whatever equipment is needed and all the food inputs.

    Since the $6.3 million figure is BEFORE those most fundamental of business expenses are paid, I'm guessing other basics (like business licenses, local sales taxes, insurance, workers comp, unemployment insurance and a host of other items) haven't been deducted either.

    What's left at the end is untaxed net income. It would be some fraction of the $6.3 million. The IRS will tax that figure at the applicable rate(s) depending on whether the businesses are sole proprietorships, partnerships, some form of corporation or a combination.

    Here's something to consider...

    According to the IRS, if Fleming is a "typical millionaire", he already pays higher federal tax RATES (29.1% on average) than taxpayers making $50 to $75K a year pay. Needless to say the total federal tax dollars Fleming and top income earners pay is VASTLY more than what middle income folks pay. You can read the details at the following link:

    http://news.yahoo.com/fact-check-rich-taxed-less-secretaries-070642868.html

    So... if Fleming has $400K left to reinvest in his businesses or in stocks and other investment vehicles, the risk remains all his. If an investment goes south, he loses money and is sh!t out of luck.* If he makes money on investments, he'll pay capital gains taxes of 15% for long term gains or about 35% if they're short term gains.

    sissy

    * In the interest of full disclosure, an investor can deduct $3K in losses per year. However, as a practical matter you're still S.O.L.

    PS: Tell us all how much YOU take home and we can have a ts.c vote to see how much we think YOU should get to keep and how much you should send Obummer.
     
  5. Recoil Sissy

    Recoil Sissy Well-Known Member

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    CalvinMD:

    If you really think Rep. Fleming has the world by the tail, by all means higher yourself 500 employees and open a bunch of Subway sandwich shops and UPS stores like he did.

    If you're successful, you can look forward to Obummer and his socialist buddies confiscating YOUR income to buy the votes of slackers and do nothings.

    sissy
     
  6. Kevin Fleming

    Kevin Fleming Active Member

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    "Just saw on Yahoo" tells me everything I need to know about this news story. I don't know anything about Mr. Fleming, but if the man signs 500 paychecks a week, he's got my respect.

    Why so much acid for the tax paying, job creating wealthy???

    Kevin Fleming (no relation)
     
  7. Rick Barker

    Rick Barker Well-Known Member

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    Kevin,


    Two answers to your question.

    1. Average person who has never run a business, has no clue what it is all about. Many will never want to find out either.

    2. Obama and the Left's constant hammering on the "rich" and class warfare they have used to turn one American against another.

    "Divide and Conquer" is the oldest trick in the book. While we are busy fighting amongst ourselves, we fail to fix the problem and the crimminals in DC, steal our money and line the pockets for themselves and their commie pinko buddies.
     
  8. wingmaster78

    wingmaster78 Active Member

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    I think all BBB was saying was that Fleming was quoted saying it takes $200,000 to feed his family, for a year? (About $550 A DAY?)
    People need to be careful in what and how they say things. Especially a US Congressman.
    From what I am gathering from most of the other posters, they seem to be justifying Flemings' dilemma. I wonder if the reaction to the statement of $200,000 a year to feed my family would be the same if Fleming was a Democrat. I seriously doubt it.
     
  9. Rick Barker

    Rick Barker Well-Known Member

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    One thing is quite certain nowdays, no matter how successful people are after blood, sweat, tears and sacrifice, there are still those who for some reason known only to God, feel these people do not have the right to enjoy the fruits of their hard labor.

    Even though we don't know the complete story on Flemings daily cost of living, I would be willing to bet everything, during the early days, he and is family had some struggles and did not know if they were going to lose it all or not.

    Perhaps they have been living high on the hog, so what? Everyone would if they could, many do and cannot afford to do so. As long as he is not asking for a government bail out, just ignore it. The reason the press runs these stories is to promote class warfare the is doing.

    Now, because of this class warfare crap the government feeds us daily, more and more peoople are believing it and repeating the message that people born in this country who work hard and succeed, have no right to enjoy it.

    Better pick your sides carefully, if the day comes of another revolution, it may not be just the lawyers and the politicans that will be lined up agains the wall.
     
  10. BigBadBob

    BigBadBob TS Member

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    Mr. Barker, I am quite certain that Mr. Fleming did struggle in the early years of growing his business or businesses. He obviously is successful right now having a gross income of over 6 MILLION dollars. This is in no way a slam on his success as a business man or the success of his businesses. He had the balls to lay his ass on the line in the beginning to get it all started. I have the utmost respect for people that are willing to "lay it on the line" to be successful.
    I have a problem with the statement that he made about having $400,000 left out of $600,000 after he has fed his family. You have to agree that $200,000 a year ,or $550 a day seems a little excessive. If this is his lifestyle so be it. If theses politicians ( Republican or Democrat) want the average working man to feel his pain, they should not make statements like that.
    A larger percentage of Americans don't even make close to $200,000 a year much less are able to afford $50 a day to feed their families. $550 a day, every day, a year just to feed his family? I'm sorry, but I can't feel his pain.
     
  11. BigBadBob

    BigBadBob TS Member

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    I also noticed no one answered wingmaster78's question of whether the posters on TS would justify Mr. Fleming's $200,000 ayear to feed his family if he was a Democrat.

    Even if he fed a family of 4, 3 times a day, at one of his Subway stores, 12 of those $5 footlongs it would only be $60 a day ( not including drinks,sales tax or gratuity)
     
  12. Recoil Sissy

    Recoil Sissy Well-Known Member

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    BadBob:

    Let's cut to the chase.

    1. The details of Rep. Fleming's household budget is none of your business.

    I doubt he gives a rats @ss what you think is excessive but feel free to outline it in a letter. I'm sure he will give it all the attention it deserves.

    2. Whatever net business income Mr. Fleming earns belongs to him - NOT the government. He can do with it any legal thing he wishes.* The government does NOT get to do with it as THEY wish.

    3. Listen to the video again. Fleming didn't ask you or anyone else to "feel his pain".

    4. The 'average working man' and all legal residents of the U.S. have the same opportunities to build a successful business as Fleming. Only a handful do so because it is d@mn tough. Very few people are willing to take the risk and put forth the kind of effort business success requires.

    However... you and Calvin, all the working men, and anyone else that feels froggy can jump right on it. I hope you make a fortune. If you do, I'll cheer your success and defend your right to keep the fruits of your labor. If you lose your @ss, tough cookies. It is YOUR problem.

    5. Here's a radical concept. How about putting YOUR money where your mouth is instead of HIS or someone else's money.

    sissy

    * For the benefit of wingmaster78, Fleming doesn't have a dilema. And... the previous statements are true for republicans, democrats, independents, and the politically agnostic.
     
  13. Johnny

    Johnny Well-Known Member

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    When he says "feed" his family, he probably actually means total cost to support his family.
     
  14. BigBadBob

    BigBadBob TS Member

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    Sissy and Johnny,

    1. you did not read what I typed.
    2. I DO NOT, I repeat, DO NOT begrudge Mr. Fleming having a thriving business, I do not doubt that he has financial obligations to his business.
    3. You rant and rave in his behalf and when confronted with an honest question,thentwist your answer to be able to justify your thought, trying to make other people the bad guy.
    4. He made the staement that it takes $200,000 a year to feed his family.
    5. He did not say he was paying a mortgage or any other bills from that money.
    6. If he did not want to be criticized, he should not have made such a statement, thereby opening himself up to critcism.

    Now answer the original question, please. If Fleming was a Democrat, would you be so adamant in his defense?
     
  15. Recoil Sissy

    Recoil Sissy Well-Known Member

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    BadBob:

    Rep. Fleming's party affilation is irrelevant except to those interested in slamming him. wingmaster78 raised the partisan question earlier. I answered it before when I said, "... the previous statements are true for republicans, democrats, independents, and the politically agnostic." Try paying attention.

    Other people's legally acquired income is none of my business. How they spend it is none of my business - or yours. Other people means everybody.

    If you need to hear a couple of democrat examples, here you go...

    Senator John Kerry bought a seven million dollar yacht in July of 2010. Was that excessive? He apparently didn't think so and his opinion is the only one that counts. It was HIS money and his business. You didn't - and won't - hear a critical word about it from me.

    Of course, I wouldn't have known about the yacht or the $7 million price tag (none of my business either) except for all the news articles. The articles reporting how Kerry screwed the State of Mass. out of $500k in legitimate taxes by parking the boat in Rhode Island. Apparently, Kerry thought Massachusett's taxes were excessive.

    Earlier this week it was announced Mayor Bloomberg of New York has multiple mansions. I'm not sure why that's newsworthy. I skipped past the article.

    Bloomberg can buy as many mansions as his bank account will accomodate. Its HIS money and his business. All good with me.

    As for Fleming, let's say he spends $200k a year in restaurants and grocery stores - every dime of it feeding his family. So what? Who but a busybody like you would care?

    sissy
     
  16. Rick Barker

    Rick Barker Well-Known Member

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    BBB,


    I would not care if Mr. Fleming was a Democrat, a Republican, an Independent or whatever. It is his fortune, if he came by it honestly, then I don't care how much he makes, how he spends it, or even it he donated it to the Democrat party.

    My point is, and always has been a persons wealth is their private party. As long as they get no favors from government, they should be entitled to keep and it is nobody's business how they spend it.

    IT DOES NOT BELONG TO ANY BODY ELSE OR THE GOVERNMENT!!!!!!!!!!!!!!!!
     
  17. sernv99

    sernv99 Active Member

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    So how much do the workers earn at his Subway shops? LOL Yeah, tell me what the minimum wage is in good ole Louisiana? $7.25......And tell me what kind of health benefits do they get? You think every worker there puts in a 40 hour work week and puts in overtime? NOT!! Working in a Subway shop is for high school/college students and retirees. They get paid $hit. This Flemming guy isn't some poor slob trying to make ends meet by running a company with professional white collar workers. He is well off and he should quit flapping his gums complaining about his income.

    Another politico hack who is in La La Land.
     
  18. Rick Barker

    Rick Barker Well-Known Member

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    Seems to me the only political party that is interested in a persons wealth is the Democrats. I have never heard a Republican rant about a Liberal's wealth, unless they came by it under some shady means, or they use that wealth in a lavish life style, while be hypocritical of other wealthy people, i.e. Warren Buffet.

    You should be glad is Fleming is spending his money on his family, because that means he is not hoarding it in his mattress and is causing it to circulate in our economy. Hell for all we know, he is helping some union people keep their jobs and support their familys.

    As to the poor Subway worker making only 7.25 an hour............so what?
    Payment of wages is based on what markets will bare and what that employee brings to the job. If you pay your employees more than your competition, good for you, but must don't because they would go out of business, unless they can cut costs elsewhere.

    If they show up everyday and have to be told what to do, then they are worth what they get. You don't pay CEO wages to non skilled people. I am sure there are many rich Democrats who own businesses that pay their people no more than they have to. That is a fact of life, and a real non issue, no matter what party you belong to.
     
  19. lctrapshooter

    lctrapshooter Active Member

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    Sissy & Johnny,

    All the "Bad One" wants is the answer to wingmaser78's question. Give him

    this one Eat S YF.
     
  20. BigBadBob

    BigBadBob TS Member

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    Sissy,

    The question was requiring a "yes" or "no" answer. Would you have been so adamant to protect Fleming if he had been Democrat instead of Republican?
    Yes Or no, that simple.

    The fact that he was heard making the comment in public, made it open for public discussion.

    When the Republicans put up a candidate that I will be comfortable with, you can bet you sweet @as I will vote Republican. I voted in my 1st Presidential election in 1980 and voted for Regan, I also voted for Bush 1 the first time. I voted for Clinton both times and I voted for Bush 2 both times. I also voted for Obama. I now see thatt I was probably wrong in doing so. I only hope another Republican comes out of the woodwork like Obama did, because right now, I don't feel comfortable with any that have their hat in the ring.

    When a Republican makes a statement like Fleming and the ones from Florida and Wisconsin made that they are " struggling to make their mortgage" and to "feed my family" on a $174,000 congressional salary and lifelong health and pension benefits, it makes it hard for me to jump on their bandwagon.
     
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