Columnist William Kristol thinks that John McCain still has a chance to pull out this election, but only if he fires his campaign. “What McCain needs to do is junk the whole thing and start over,” Kristol wrote. “Shut down the rapid responses, end the frantic e-mails, bench the spinning surrogates, stop putting up new TV and Internet ads every minute. In fact, pull all the ads – they’re doing no good anyway. Use that money for televised town halls and half-hour addresses in prime time. And let McCain go back to what he’s been good at in the past – running as a cheerful, open and accessible candidate. Palin should follow suit. The two of them are attractive and competent politicians. They’re happy warriors and good campaigners. Set them free.”
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103 Comments
Maybe “Joe the Plumber” should take charge.
Phil: Because you are a known Obama supporter, I find your advice to John McCain a little suspect.
“JWink” –
The advice came from William Kristol.
The two of them are attractive and competent politicians. ”
What a stretch. Most of McCain’s problem is that he is NOT attractive. Palin’s problem is she is PROUDLY a pitbull w/lipstick; not an attractive image either.
I know it’s hard to find a good plumber these days, but if “Joe” works 40 hours a week, 50 weeks a year, he charges $1,250 an hour to clear your toilet.
I watched the debate with the 97-year-old who lives on my block. She hosted a debate-watching party and served coffee and raisin bran muffins. (”I must have the recipe,” someone said. “It’s a box,” she said. “SunMaid.”)
Anyway, she says John S (foe senile) McCain got his “my friends” mantra from his mother.
This lady, who graduated from high school in 1929 and was her sorority’s treasurer during the Bank Holiday of 1933 (and cashed professors’ checks because there was no cash available anywhere else in Stillwater, Oklahoma)… still emotes about FDR’s Fireside Chats. “When he said, ‘My friends…’ Roosevelt touched us,” she’s said.
I suspect McCain’s mom experienced the same thing.
Most of McCain’s parent issues have focused on his failure to make it to Admiral for the first time in three generations. But from his pre-’Nam days with the bathing suit model, to trading-in damaged goods for a wealthy trophy wife, to the air-quoted “health of the woman,” I’m thinking McCoot has mother issues.
The split screen format used by whomever directed the broadcast really hurt McCodger. If Al Gore lost to Dumbya in 2000 for sighing, the Fred Mertz look-alike came out with eye-rolls, bobbing eybrows, and more tics than a trailer park dog.
Since they were sitting, McCodger avoided another Admiral Stockdale moment. It’s enlightening to watch each candidate when the other one is speaking. McC*nt ended up in a mug-fest; Obama seemed to be paying attention to what was being said.
Call it superficial, but Obama seems to be the precise 21st Century version of FDR’s 1933 radio guy. If you buy anything from McCluhan about “hot” and “cool” media, Roosevelt and Obama are classic examples.
With radio, “my friends” works. With television, you can’t say it, you have to show it. Obama was the guy at the dinner table who’s been listening and McCain was your cranky old uncle who disagrees with everything (and, by the way, the turkey was dry).
You are right on Monkey…I couldn’t have said it better. It’s so refreshing to see a politican discuss issues with class and intelligence…John McCain isn’t a “maverick” he claims to be, he’s just your typical “politics as usual”, smear and attack dog when he can’t discuss the topic in a meaningful way.
I think Obama handled himself brilliantly.
Okay, who painted the lipstick on Phillip Brownlee’s photo this morning?
Oops, never mind…I was reading the livestock report.
McCain and Palin is running against the democrats and the liberal news media. Makes it tough when the MSM is so negative.
It’s too late for McCain to change himself or his campaign. He is beyond the point of return.
In the debate last night, McCain steered back to his favorite Ayers subject. This was not McCain’s campaign, this was an old bitter man desperate to do somthing to make people like him. I think it back-fired.
The only hope for McCain is that there is still enough racism that people will not vote for Obama because he is black.
The only hope for McCain is that there is still enough racism that people will not vote for Obama because he is black.
———————————————
Most people are voting FOR hussein because he is black.
The only hope for McCain is that he quits trying to outspend and out tax a liberal.
Can’t be done. (although bush gave it one HELL of a try)
Welcome to the National Enquirer, Wichita edition, Comrade Brownlee presiding…..
McCain said he was going to whip Obama’s butt. McCain got the butt whooping.
About the “George Wallace” comparison, McCain sould have reminded people that George Wallace was a DEMOCRAP.
Remember the breathless reporting by the MSM and that nitwit Olbermann about the shouts from the Palin rally crowd? Essentially characterizing it as Palin and McCain stirring up “hate”?
Remember that?
It turns out it was just made up.
I am so surprised.
—————–
http://www.timesleader.com/news/breakingnews/Secret_Service_says_Kill_him_allegation_unfounded_.html
Secret Service says “Kill him” allegation unfounded
By Andrew M. Seder aseder@timesleader.com
Staff Writer
SCRANTON – The agent in charge of the Secret Service field office in Scranton said allegations that someone yelled “kill him” when presidential hopeful Barack Obama’s name was mentioned during Tuesday’s Sarah Palin rally are unfounded.
The Scranton Times-Tribune first reported the alleged incident on its Web site Tuesday and then again in its print edition Wednesday. The first story, written by reporter David Singleton, appeared with allegations that while congressional candidate Chris Hackett was addressing the crowd and mentioned Oabama’s name a man in the audience shouted “kill him.”
News organizations including ABC, The Associated Press, The Washington Monthly and MSNBC’s Countdown with Keith Olbermann reported the claim, with most attributing the allegations to the Times-Tribune story.
Mr. Hussein, how much of your energy plan do you expect to have implemented in your first four years…
“uh, errr..uh..my plan is uh…in 10 years..is realistic plan…uh”
Let me interpret this for you nit liberals.
Uh er…uh….none.
Reuters/Zogby Index Dips As Focus on Economy Intensifies
10/15/2008 – Survey finds President’s job approval marks hit a new low of 21%; Congressional job performance ratings fall back to record low of 9%
————————————–
shocking.
lets get some of those 9% guys to straighten this economic mess out.
William Kristol is a Commie Muslim Pro-abortion Terrorist.
It’s all the Democrats fault.
Bill Clinton!
Monica!
(PaulTheShrillShill couldn’t get here this morning so I’m standing in for him)
You all don’t fret about the mainstream media, you still have your fringe media you can go to!
Great picture from last night’s debate!
http://www.theage.com.au/world/us-election-2008/mccain-goes-for-jugular-but-misses-20081016-52c9.html
heheheheheheheheheheheheheheh GREAT picture of McCain.
A picture is worth a thousand words ;-)
LindaLINKS! Right on cue.
That’s my girl.
…to the air-quoted “health of the woman,” I’m thinking McCoot has mother issues.
He definitely has some kind of issues with women.
I watched the debate on C-Span, as I always do. I like to see how the candidates react with the audience and each other after the debate. I wish I could see that footage again, immediately after shaking hands, when they went down into the audience, because I can’t tell you what Obama did. Before that, Michelle and Barack had their arms around each other, waving to the audience. Cindy and John were standing side by side, waving to the audience. It was Cindy who reached out to put her arm around John. He didn’t even begin to respond.
As the two men walked down the steps from the stage, John charged ahead, leaving Cindy behind to follow. I admit to not knowing what Obama did in regard to Michelle, but I doubt he left her behind to follow. Did anyone notice or remember?
I watched the couples carefully after the second debate. While Barack and Michelle shook hands and spoke with people in the audience, Cindy followed John around like a lost lamb. At one point he turned to her and stuck out his hand to shake it, as if he didn’t know who she was. She turned him in the direction of someone beside him.
Rumor has it, and I honestly don’t know if this is true, that when Cindy was in Arizona having two (or three?) miscarriages, John stayed in D.C., attending to his senatorial business. A bit on the heartless side, I think, if this is true.
Even without the above story, I haven’t seen John McCain treat his wife with anything more than the slightest respect, if that. In fact, I feel sorry for her. And that’s not easy to acknowledge. But it appears to be the way he treats all women.
The big question is Will the Repub party fire mccain, and run palin at the top of the ticket? Time for another radical switcheroo.
The 24 percenters are very enthusiastic about Palin! Doesn’t seem they are as enamored of McCain. So, she very probably would garner more votes. Aren’t they stuck with their candidate since he “earned” the nomination through the primaries? Secret Service has his back side!
“Secret Service has his back side!”
Yeah but…
Those moose rifles with a scope are deadly at really long range.
Maybe she’ll just pray about it and have god smite mccoot?
” In fact, I feel sorry for her. And that’s not easy to acknowledge.”
Agreed Pre. All that wealth, all those houses and cars, and a powerful hubby didnt make her happy. Sad.
But she chose it. Now she has to choke on it.
biased1
Posted October 16, 2008 at 8:34 am | Permalink
Reuters/Zogby Index Dips As Focus on Economy Intensifies
10/15/2008 – Survey finds President’s job approval marks hit a new low of 21%; Congressional job performance ratings fall back to record low of 9%
————————————–
shocking.
lets get some of those 9% guys to straighten this economic mess out.
___
You seem to always forget that the 9% approval rating for Congress also goes to your side of the aisle! The Democrats only have a simple majority, that means that your side has alot of those 9% approval ratings on their heads!
I’ve read that McCain’s handlers have to remind him to kiss his wife while they are out campaign. Sounds to me like their marriage is the one of convenience – much like the Republicans hounded the Clintons about their marriage?
But what else do you expect when John McCain was courting Cindy while still married to his first wife? That, alone, tells me what respect he has for women – NONE.
I will not vote for Obama because HE is racist. Anyone ever read his books? Or researched the church he was a member of? Yes, he is an eloquent speaker but that does not mean he speaks the truth.
A dangerous combination if you ask me.
momma- You seem to always forget that the 9% approval rating for Congress also goes to your side of the aisle!
————————————-
I didn’t forget that for a minute.
Conservatives yesterday ripped Obama after he was caught on video telling an Ohio plumber that he intends to take the profits of small-business owners and “spread the wealth around” to those with lesser incomes.
The fracas over Obama’s tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.
Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.
“Your new tax plan is going to tax me more, isn’t it?” the blue-collar worker asked.
After Obama responded that it would, Wurzelbacher continued: “I’ve worked hard . . . I work 10 to 12 hours a day and I’m buying this company and I’m going to continue working that way. I’m getting taxed more and more while fulfilling the American Dream.”
“It’s not that I want to punish your success,” Obama told him. “I want to make sure that everybody who is behind you, that they’ve got a chance for success, too.
Then, Obama explained his trickle-up theory of economics.
“My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. I think when you spread the wealth around, it’s good for everybody.”
Critics said Obama let the cat out of the bag.
“It’s clear that his main goal is redistribution of wealth, not growth,” said Andy Roth with the anti-tax group Club for Growth. “He’s perfectly happy to destroy wealth as long as he can redistribute it.”
Obama has been meticulous, Roth said, to conceal the “socialistic” nature of his tax plans. “But every once in a while, he lets it slip,” he said.
Republican candidate John McCain yesterday charged that Obama’s comment was telling.
“This explains how Senator Obama can promise an income-tax cut for millions who aren’t even paying income taxes right now,” he said in Pennsylvania.
“My plan isn’t intended to force small businesses to cut jobs to pay higher taxes so we can ’spread the wealth around.’ My plan is intended to create jobs and increase the wealth of all Americans.”
biased1
Posted October 16, 2008 at 10:13 am | Permalink
momma- You seem to always forget that the 9% approval rating for Congress also goes to your side of the aisle!
————————————-
I didn’t forget that for a minute.
___
And yet you still defend your precious Republicans, why is that?
“Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.”
“take in” – is that receipts or is that profits? Also, is this going to be a sub-chapter S or K? If so then there will be no corporate taxes. ZERO. Some states might have a franchise tax on such passthroughs but the Fed tax should be zero.
“My plan isn’t intended to force small businesses to cut jobs to pay higher taxes so we can ’spread the wealth around.’ My plan is intended to create jobs and increase the wealth of all Americans.”
___
Republicans who don’t want to pay taxes are the same ones who are not concerned about creating jobs in America. These are the same people who are given tax breaks to relocate their businesses overseas and then bring their crappy products back to the US to market to consumers.
You see, these people don’t like us very much and don’t want to contribute to the wealth of US but they are willing to sell us their crappy products.
But, I’m not worried, they are usually wearing their flag pin while singing Yankee Doodle Dandy. Yeah, right.
In some ways last night it seemed that McCain was throwing the entire Republican Party under the bus with his comments about the failures of the past 8 years.
dadman, the part of the conversation YOU and the Fox video LEFT OUT, ya know where the video “skips” a bit and it’s obvious the words they used were out of context.:
Turns out that the second sound bite — the spread the wealth around part — comes later in the conversation, when the plumber said that it seemed like Obama would support a flat tax.
We can wade into Obama’s answer in midstream. First he discusses a technical point about the flat tax. Then he says:
“And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent. Because my attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody.”
“If you’ve got a plumbing business, you’re going to be better off it you’ve got a whole bunch of customers who can afford to hire you, and right now I think everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody. “
“I’ve read that McCain’s handlers have to remind him to kiss his wife while they are out campaign”
I’ve read that Obama was a Muslim. And I;’ve also read that their is this big UFO base under the Arctic Ice cap.
Doesn;’t make either true.
exactly bth – I also wonder if Joe the Plumber plans to use any of the government loan programs to help him buy this business? And does Joe also want to take advantage of the business tax breaks his company will be allowed to take?
Wouldn’t we all like to be able to get all the tax breaks without paying any taxes? But then where would the money come from to keep our country functioning?
“A dangerous combination if you ask me.”
More dangerous than Hagee? More dangerous than Robertson?
heheheh
Now THAT’s dangerous!
“Wouldn’t we all like to be able to get all the tax breaks without paying any taxes”
yeah, it;s called Earned income credit.
I wonder if joe will be hiring any people? Or is he just the sole $250,000 recipient?
Sure seems like a lot of unanswered questions about Joe.
littljohn – but there is evidence from McCain himself that he rarely acknowledges his wife’s presence – by his behavior.
I’m curious, why didn’t you address the issue of McCain courting Cindy while still married to his first wife? That explains everything about McCain’s respect for women.
littlejohn
Posted October 16, 2008 at 11:05 am | Permalink
“Wouldn’t we all like to be able to get all the tax breaks without paying any taxes”
yeah, it;s called Earned income cred
__
I don’t like that either but the Republicans have controlled Congress from 1994 to 2006 – why didn’t they change it?
Poor John. He cant run toward the republicans and he cant run away from them.
You republicans need to thank bushco for doing such a great job of burnishing that republican brand.
You know, the one the republican said was like dog food being removed from the shelves…
lindainks55
Posted October 16, 2008 at 11:01 am
I think everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody. “
__________________________________
Puts on Soviet National Anthem…
#
ksfarmgrrl
Posted October 16, 2008 at 11:09 am | Permalink
Poor John. He cant run toward the republicans and he cant run away from them.
You republicans need to thank bushco for doing such a great job of burnishing that republican brand.
You know, the one the republican said was like dog food being removed from the shelves…
———————————-
I have an Alpo casserole recipe I could share with you.
Yes, he is an eloquent speaker but that does not mean he speaks the truth.
The same could be said for any politician.
I’m curious to know why you believe he’s a racist. Examples?
ksfarmgrrl
Posted October 16, 2008 at 11:06 am | Permalink
I wonder if joe will be hiring any people? Or is he just the sole $250,000 recipient?
Sure seems like a lot of unanswered questions about Joe.
—
I don’t know if this is true but someone just posted on the Opinion Line that it is being reported Joe the Plumber is not registered to vote! Isn’t that interesting?
There certainly are alot of questions about this man named Joe.
” stated from the beginning that I will not vote for McCain because of his character”
Sorry, that should say that I will not vote for McCain because of his lack of character.
HA! Reg. Better keep that recipe handy. It’s gonna take a while to clean up this supply side financial mess.
Hell, my dog eats better than I do. She eats solid gold. Me?
Lots of chicken and eggs… and taters and onions….
For all you pet lovers, and unabashed commercial.
http://www.solidgoldhealth.com/
You have a distributor in Derby!
For anybody interested in hearing the entire conversation between Obama and Joe the plumber in Ohio, here it is. This includes ALL the words, not just those Fox chose for those they lead around.
http://www.youtube.com/watch?v=2Ym1-jkuZ8s
“Hell, my dog eats better than I do. She eats solid gold. Me?
Lots of chicken and eggs… and taters and onions”
I’ll take the chicken and eggs, and taters and onions if fried together!
“This explains how Senator Obama can promise an income-tax cut for millions who aren’t even paying income taxes right now,” he said in Pennsylvania.
Please explain to me how an income tax cut is figured for people who do NOT file income tax because they don’t make enough. Could that be why they aren’t paying?
Back when China was poising our pets with their melamine-laced pet foods, I researched “feeding raw,” and began making my own! My Ginger loves a mixture of raw turkey, cauliflower, carrots, apples. The first time my hubby saw her eat an egg (shell and all), he stood quiet for a long period and then looked me in the eye and said, sadly, “Ya know we’re gonna have to shoot her, don’t you?” He relaxed after I assured him there weren’t any chicken farms int he neighborhood and even if she encountered one the chickens would scare her to death!
Ginger gets raw chicken wings, and when I can find them — necks. The bones are soft, pliable and good for her. It’s after they’re cooked they become brittle. Keeps her teeth cleaner and reduces her waste as her body uses the food more efficiently. The reduced waste is white, crumbly and not even stinky. It’s just an all-around good way to feed animals! Vet approved too.
Heh Linda. I’ve been accused of believing my dog’s poop doesnt stink. Who knew it could be true? Wish I could send Ginger some eggs. I’ll bring some along the next time we meet in person. My dogs like raw eggs too, but they dont eat the shells. They are picky that way…
My girlfriend cooks for her dogs. She always has, even before the Chinese melamine scare. I hadnt heard about the raw diet before. I thought that was only for anorexic supermodels.
Feeding raw is based around our animals ancestors from the wild. Kinda the way nature intended. There is no worry of salmonella and such as their tummys are more acidic. In the wild they would catch a bunny rabbit maybe. At my house they get the meat raw without the fur. ;-)
Joe the plumber was on, said he hoped someday to be making that kind of money, welcomed all the publicity and hoped to capitalize on it.
So Joe, falls into the millionaire in waiting category like so many Kansas Republicans.
It does sound silly to say my dogs poop doesn’t stink… BUT IT DOESN’T! I am head over heels about her and absolutely prejudiced…
Hee hee heeeee Linda. Me too!
Regular- I have an Alpo casserole recipe I could share with you.
————————————-
Alpo is WAYYYYYYYYY to expensive.
http://www.frontpagemag.com/Articles/Read.aspx?GUID=2308D012-4EEA-43FB-A5C8-878265FD62F0
hehehehehehe
Phantom
Posted October 16, 2008 at 11:45 am | Permalink
Joe the plumber was on, said he hoped someday to be making that kind of money, welcomed all the publicity and hoped to capitalize on it.
So Joe, falls into the millionaire in waiting category like so many Kansas Republicans
–
But if Joe is already a plumber, then he is making a good living now – or maybe Joe is not that great of plumber?
Or maybe John McCain needs to tell Joe the plumber if he really wants to hit the jackpot – find a woman whose daddy owns a chain of plumbing businesses and then court her while still married to his first wife!
This is ‘another’ way to make it to the millionaire status.
‘McCain Used Joe Wurzelbacher to Depict His Tax Plan; Ironically He Is in Line for Obama’s Tax Plan’
http://abcnews.go.com/GMA/Vote2008/Story?id=6047360&page=2
“Wurzelbacher conceded today that he is not in danger of being hit with the higher tax rate. He acknowledged that he wants to buy a plumbing company for $250,000 to $280,000. That wouldn’t be how much profit he would make from the firm.
He would make much less, he said.
That would seem to indicate that Wurzelbacher would not be subject to Obama’s proposed tax increase from 36 percent to 39 percent for those making more than $250,000 per family. Instead, he would be eligible for a tax cut that Obama is proposing.”
So Joe, falls into the millionaire in waiting category like so many Kansas Republicans
———————————————
I was 40 before I realized I wasn’t going to be a millionaire by 30.
Joe. The new topic to keep everyone from paying attention. Oh well, it’s only 19 days… ;-)
If all of McCain’s own internal polls show how poorly his attack politics is doing, if he knows the only people who have any respect for him and the only ones he is talking to with his stupidity are his base — those who already plan to vote for him, and he continues on, how low can he get? Down to the 24 percenters?
You’d think a man of his age would know the first rule of holes!
Heheheheh. Seems Joe has more ’splaining to do…
‘Plumber’ says he has no plumbing license
COLUMBUS, Ohio – Joe the plumber, American’s most famous tradesman, said he doesn’t have a plumbing license.
Joe Wurzelbacher said he works for a small plumbing company that does residential work. He said that because he works for someone else, he doesn’t need a license.
Wurzelbacher was cited by Republican candidate John McCain Wednesday night in the presidential debate as an example of someone who wants to buy a plumbing business but would be hurt by Barack Obama’s tax plans. The Democrat said that his tax plan would only affect people making more than $250,000 a year.
In Toledo on Sunday, Wurzelbacher told Obama that he was preparing to buy the company, which earns more than $250,000 a year, and said: “Your new tax plan is going to tax me more, isn’t it?”
Read more: http://www.msnbc.msn.com/id/27207215 /
Just saw Joe the Plumber on tv, Joe talks just like my neighbor, Joe is the Real Deal. Joe the Plumber for President!
Change the ticket to Joe the Plumber/Sarah Palin!
“Joe Wurzelbacher said he works for a small plumbing company that does residential work. He said that because he works for someone else, he doesn’t need a license.”
————
If Joe buys the company that he works for, is he going to get a plumbing license?
I wonder if McSame stared into Joe the Plumber’s eyes and “saw his soul”, or maybe just a plugged pipe, or maybe an election being lost?
Joe has foreign relations experience, he once had a class with a foreign exchange studet! Joe’s not afraid to mix it up and get his hands dirty! Joe/Sarah 08!
Bush now on the tube pushing the Columbia Free Trade agreement, trying to give mccain a boost? Or, bury him?
I see Joe as more of an Independent; he can use & operate both left and right handed threads. Being able to speak “Plumberese” is also an important asset!
Joe is likely to need to get a new plumbing license for the business he is considering buying, if he is successful.
However, I am trying to verify (as apparently is most everyone else with an internet connection) a story winding through the blogosphere that Joe has an outstanding tax lien (state) filed against him, which, as my ‘free advice” contribution to him, he needs to take care of before he proceeds any further with his dream to buy the business.
I better call Joe, he may need an agent or a campaign manager.
bush went on television? The stock market had been doing Okay. Is it gonna bottom out again?
Alright, tollie, I build em up, and you knock em down. Joe’s waited all his life for his 15 minutes!
shame shame.
You mean McCain’s campaign has yet again picked on an issue that turns against them?
Say it isn’t so Joe…..
The problem is that McCane has already spent most of the last decade serially reinventing himself. I’d be happier with someone who got it right a bit sooner.
Most small businesses file Schedule C, Form 1065, or Form 1120S. I wonder how many of the bloggers here know how sub-chapter K or S taxes work? How many here have filled out a 1065 or 1120S for their compnay?
I dont know about K, but in an S corp, the net income passes through to the individual return, and is taxed accordingly. But hopefully, VT will confirm or deny and explain K.
K is basically the same – just more than one person.
McCain should fire his campaign
Back to the topic… If McCain should fire his campaign, how long would it take for the new campaign committee members to agree on how to finish the campaign? Considering how far in advance campaigns start planning, we might see this new campaign in action, say, about June 2009, at the earliest.
Maybe a ‘yet-again-reinvented’ McCain can run in 2012.
bth, if he lives that long, God willing. :)
Maybe I should have added, “Bless his heart”, too?
OK, bth and kfg; I’ll nibble a bit.
Subchapter K deals with partnerships (and properly formed LLCs which do not elect to be considered a corporation for income tax purposes). Much like an S Corp, a partnership and an LLC handled as a partnership for income tax purposes (which file a form 1065) are “pass through” entities, and certain tax items are not considered as deductions on the entity return, but are passed through to the partners, members (LLC) or stockholders (S corp) along with the proportionate part of the taxable income of the entity, which is then subject to income taxation on the individual’s return at the individual’s rate. One thing to note for a partnership and LLC treated as a partnership for income tax purposes; the share of taxable income of the entity received by the partner or member may be subject to Self-Employment Tax, while the same income is a “dividend” for S Corp purposes.
Above is very general and broad. Lots of rules I’ve not gotten into, such as special allocations, guarnateed payments, etc.
VT, if I ever wonder about becoming an LLC, please slap me.
“the partner or member may be subject to Self-Employment Tax, while the same income is a “dividend” for S Corp purposes.”
CAREFUL with that in the S Corp. IRS expects salaries to the shareholders and will come after you if they are not there. That ends up hitting you with the SE tax anyway.
See TIGTA report No. 2002-30-125
West’s Federal Taxation, 2004.
Pre-D – not wanting to ‘play lawyer’ but I would probably recommend the LLC treatment. If it is a SMLLC you report on Sch C just like any other self-employment. 1065 comes into play if there are more than one member. Gotta split up the income somehow.
Sch C income is also subject to SE. In fact, for all practical purposes, so are wages.
Agreed, bth, on the salary issue with S Corps. Probably a victim of my over generalization there, because when discussing the “pass through” of taxable income to the shareholders, I had already taken the reasonable salary expense as a deduction. For a one-person S Corp, the wages of the sole shareholder/employee are, for all practical purposes, the same as self-employment; it’s just that the employee’s share is deducted to arrive at net wages, rather than the person involved paying estimates “on the whole thing” quarterly. This seems to make a difference to some of my clients, psychological to be sure.
Pre, hope I didn’t confuse you too much with the general stuff I posted earlier.
bth, I file both Schedule C and SE.
VT, I was born in the state of Confusion, or so my Yahoo profile says. Your post couldn’t make it any worse.
McCain should fire his campaign?
Nah, he should fire himself.
There isn’t any RepubliCON who could possibly win after eight years of
Worst.
President.
Ever.
If you CONs want to know who wrecked the once-proud GOP, look no farther than the stupid SOB you idiots voted for not once but twice.
“Stupid is as stupid does.”
Boy, ain’t that the truth . . .
Pre – that (C/SE) is what I said. “Sch C income is also subject to SE.”
I do as well.
The reason for doing a SMLLC with Sch C is the Limited Liability. Legal, not tax issue. The down side is you have to pay the KS fees on that. $55/year as I recall.
The Architect also deserves his due.
well, capn, I think Colin Powell would have easily beaten Obama and would have been a great President. It’s too bad he didn’t run.
Sacramento GOP: Waterboard Obama
October 15th, 2008, 8:19 PM EDT
Sacramento GOP leaders scrubbed from their website material linking Obama to Osama and urging people to “waterboard Obama.” Taking credit is Sacramento Party Chair Craig MacGlashan, husband of Sacramento County Supervisor Roberta MacGlashan.
“I’m aware of the content,”he said. “Some people find it offensive, others do not. I cannot comment on how people interpret things.”
Concurrent with this, there was graffiti sprayed on a local Obama display with a racial epithet, profanity, “KKK” and “white power.”
By Tuesday night, much of the questionable material – which ranged from depicting Obama in a turban to attacking Michelle Obama – had been removed, replaced with political cartoons attacking Obama.
Also removed were the words, ” Be afraid. Be very afraid” of Obama. What they really ought to be afraid of is the atmosphere they’re creating in this country…and of losing big time.
http://www.alan.com
swallow_my_nickel
Posted October 17, 2008 at 5:07 am | Permalink
well, capn, I think Colin Powell would have easily beaten Obama and would have been a great President. It’s too bad he didn’t run.
NOPE. Not with his advocacy of the invasion of Iraq hung around his neck. Does he still claim he knows where the WMDs are?