Is your haunt making over $250,000 per year?

[ResistingFears]

We have been told that the upcoming Presidential election is a haunt issue because those haunts that are making over $250,000 will be taxed by Obama. I don't know whether this is true, but it makes me wonder how many haunts actually make that much every year. And in order to be taxed on that amount, that would have to be net income, which means that it would have to be income or profit after all costs and/or expenses are deducted.

So the question is, does your haunt have a net income (after all costs and expenses are deducted) of over $250,000? If so, I think you must be doing quite well and should let us all know how you made it to this point. Thanks for helping us share in the wealth!

[rwrussom]

Good luck, Im my observation sales and attendance figures are closely held or exagerated. It is too bad. It would be nice to understand how a startup build over time.

[drfrightner]

I think as Joe the Plumber pointed out, he doesn't make over $250,000 right now either but when he does he doesn't want his hard earned money and success taken away from him.

Every single haunted house owner wants to grow their business and reach a level where they can do haunting and haunting only, and that is the point. One day you keep growing, you keep making things happen, you will and you will make even more.

Lastly, as Joe the Plumber pointed out, who knows that Obama leaves the tax rate at $250,000.00 maybe he changes his mind and drops it to $150,000.00 or maybe even lower.

No business should be taxed more NO BUSINESS!

Bigger business creates more investment and more jobs, and when you take their money away you hamper their ability to do so! This is a fact!

Larry

[Howie Slobber Erlich]

It is ridiculous to think that many haunts are profiting more than $250,000. My guess is that less than 5% of haunted attractions make that kind of doe. Most, on a good year profit 40k - 150k. This tax increase would not affect many haunters. Here is another sad truth. I would guess that more than half the haunt owners out there have 2 sets of books. Many more don't even pay taxes on their haunt at all. Of course no one will admit any of that, but we all know it's true.

Just my opinion,

Howie "Slobber" Erlich
Owner
Deadly Intentions Haunted House
www.deadlyintentionshaunt.com

[drfrightner]

Howie,

I think you are 110% correct, but that isn't the point. I think most people think ah yeah stick it to the man, but its the so called man who employs almost every single American. How much more in taxes will struggling GM pay, or Ford pay, or even a company like White Castles. How much is 4% to a company like General Motors just how many jobs will that cost?

Why do we ship jobs overseas, what country in the WORLD has the second highest tax rates on business? You guessed it America, that should tell you right then and there why all the jobs get shipped out of this nation. When Obama raises taxes on any business he basically will be shipping even more jobs overseas and in fact costing many small business to cut jobs, and stunt growth.

Its not about how many make XXX amount, its about who you are taxing and how many jobs do they create and what will be lost once you do!

As for haunts making over $250,000 there are several, and clearly you can start with all the major theme parks in America who BUY MILLIONS of dollars from our haunted house vendors. True? Yes!

Do we have vendors making over $250,000.00 yes do we have haunts who do yes, do we have many haunts who are close or who will get there yes.

You make that much money because you EARNED IT you worked hard for it... and then some socialist comes along and wants to take it away. That is not American and it will cost this nation jobs for sure and I think that is the issue. Larry

[ResistingFears]

About 2/3 of Americans are currently struggling just to pay their bills. So when your concern is the tax on GM, Ford, White Castle, or the few who actually do make over $250,000 per year, I think you are not in touch with most of America, who are just trying to make it through each day. Let's worry about all of us first and then worry about giving the money-makers a tax break.

[drfrightner]

OHG... you are kidding me? Working Americans are worried GM, Ford and all of these other places are going to LAY THEM OFF! Then how many hard working American's will have jobs.

People must accept the way this nation is set up...when big business or the wealthy have money they invest, the invest in things that create new jobs, when you take away their money they don't. When you raise taxes jobs leave this country for China or Mexico, then people don't have jobs.

Its not always about stick it to the man, because when you do it comes around full circle and bits you right in the butt. Most Americans work directly for or work for a business that gets their business from a major corporation.

Yeah lets just tax them right out of business, send every job overseas...that is a great idea!

Larry

[Twin Locusts]

About 2/3 of Americans are currently struggling just to pay their bills. So when your concern is the tax on GM, Ford, White Castle, or the few who actually do make over $250,000 per year, I think you are not in touch with most of America, who are just trying to make it through each day. Let's worry about all of us first and then worry about giving the money-makers a tax break.

RF, I understand and am empathetic to your concern for workers. I can tell by the phrase, "not in touch with most of America", that you are, to some degree, in tune with political rhetoric. Please take the following as a sincere, humble attempt, to offer an understanding of the bigger picture - my remarks are in no way meant to be disrespectful or offensive. It's just that seldom have all the markers of misunderstanding been present in a single paragraph as yours above. Can't guess your age but at some point you have been lied to, egregiously lied to.

There is a simple but rarely understood concept in economics. It's called supply and demand.

When in preparation for your life via education, trade apprenticeships, backyard wrestling , etc you, at some point, decided to sell your time. Your plan was either long term or short term.

Once you make this decision you must find ways to fetch the highest dollar for what you have to sell. This two party transaction requires a buyer.

The buyer is also called an employer; in this role the buyer pays market value for labor or services by the hour.

When what you have to offer your village, your city, your market is labor-over-time you had best be concerned about the viability of the buyer. To take any other approach is an ideal instilled by romantic fiction, not economics. We are born owed nothing; each decision we make, great and small, leads us to a station in life chosen by us. Even having an opinion about the station of those that chose deeper education, risking capital in the market, or a trade that commands a higher price is one of the great embarrassments of America.

Alas, today is a new day and an opportunity to grow and compete in the market. An investment of 13:45 in the video below should improve your strategic approach to the labor market. If you work by the hour, think of yourself as a walking investment and use cost benefit analysis to find ways to improve your value everyday!

Godspeed, and good hunting!

[ResistingFears]

I can't find a way to edit the poll to make it private.

And I doubt we would ever tax the major companies enough to put them out of business. Gas companies have been gauging us because they can!

[Uptown Haunts]

Pennsylvania sales tax is 6%. Philadelphia and Pittsburgh added another 1% to the sales tax figure. What does that mean to those of us who spend money in Pa? Here's an example....

If you buy a used car @ $10,000, you have to add 6% ($600) Pa. sales tax or 7 % ($700) sales tax in Philadelphia and Pittsburgh. Increase the sales tax by another 4% (it now becomes 10%) and these sales tax numbers become $1,000 and $1,100 respectively. Double these numbers for a $20,000 vehicle. The sales tax is now $2,000 and $2,200 respectively. Delaware has no sales tax. Think of the savings. Who feels Delaware should have a sales tax and why?

What are business owners paying in taxes if they are already earning $250,000 in profits per year? What's another 4% on their $250,000 profits? It's another $10,000 over whatever they're already paying in taxes. The same amount of money that was used to buy that first used car (minus sales tax unless you're in Delaware) I mentioned earlier. Regardless of our gross incomes, what would an extra $10,000 mean for your business?

For those who don't have a problem with extorting "just 4% more" from businesses, it must be nice to be independently wealthy unlike the rest of us who actually have to work for a living. I don't earn anywhere near $250,000/year. Not being a parasite, I feel that successful business operators deserve to keep whatever they can (legally) because they already pay more than enough in taxes and they're the ones who made the investment of time, money, effort, planning, developing the ideas, pursued their dream and create jobs which usually has a positive affect on any economy. Bottom line; America is supposed to be the "Land of Opportunity". For some strange reason, there are those who want to destroy the American Dream or prevent it from happening and then cry, whine and complain about how bad things are when there's a Republican in the oral office (thanks, Bill).