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

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

    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!
    113
    Yes
    17.70%
    20
    No
    82.30%
    93
    Last edited by ResistingFears; 10-17-2008, 03:14 PM.

  • #2
    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.
    Randy Russom

    www.midstatescare.com
    Mid State Scare - San Luis Obispo and Santa Maria's favorite Haunted House
    2013 - Hmmm, we shall see what gets conjured up

    Comment


    • #3
      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
      Larry Kirchner
      President
      www.HalloweenProductions.com
      www.BlacklightAttractions.com
      www.HauntedHouseSupplies.com
      www.HauntedHouseMagazine.com

      Comment


      • #4
        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
        1986-1997 (Mutilation Mansion,) 1998 (Screamers Haunted House,) 1999 (Evil Intention Haunted House,) 2000-2001 Concept Creator/Business Partner (Urban Legends Haunted House,) 2002 Floor Plan Designer and Consultant for a (Haunted Barn) Owners had city challenges & were never able to open, 2002 Floor Plan Designer/Construction (Fright Nights Haunted House) 2003-2012 Now retired Owner (Deadly Intentions Haunted Attraction)

        Comment


        • #5
          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
          Larry Kirchner
          President
          www.HalloweenProductions.com
          www.BlacklightAttractions.com
          www.HauntedHouseSupplies.com
          www.HauntedHouseMagazine.com

          Comment


          • #6
            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.

            Comment


            • #7
              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
              Larry Kirchner
              President
              www.HalloweenProductions.com
              www.BlacklightAttractions.com
              www.HauntedHouseSupplies.com
              www.HauntedHouseMagazine.com

              Comment


              • #8
                I think this poll might get a lot more response if those voting were not identified.

                Tim @ www.ghoulishgallery.com

                Comment


                • #9
                  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!

                  Comment


                  • #10
                    Let me tell you that is a MAJOR ISSUE for me... Gas companies should be taxed with a windfall tax, when you profit exceeds a certain amount they should pay 50% of it in taxes, I'm all for that. This is something the Democrats proposed and Bush vetoed and that really pissed me off.

                    Gas companies are raping American's no doubt about it... McCain has said flat out he will take on the Gas companies and Palin has already done just that in Alaska. I can only hope they do!

                    There is a difference though between excess greed and keeping your money that you earned. GM isn't greedy, charging to much for their cars, they can't they have way to much competitions. If you raise taxes on all companies that make more than 250,000.00 well all the major companies in America that employ directly or indirectly will be affected.

                    Larry
                    Larry Kirchner
                    President
                    www.HalloweenProductions.com
                    www.BlacklightAttractions.com
                    www.HauntedHouseSupplies.com
                    www.HauntedHouseMagazine.com

                    Comment


                    • #11
                      Why dont you edit the poll to provide various ranges of profit and make it a.nonymous. We might just get a glimps of the state of the business.
                      Randy Russom

                      www.midstatescare.com
                      Mid State Scare - San Luis Obispo and Santa Maria's favorite Haunted House
                      2013 - Hmmm, we shall see what gets conjured up

                      Comment


                      • #12
                        Originally posted by The Ghoulish Gallery View Post
                        I think this poll might get a lot more response if those voting were not identified.

                        Tim @ www.ghoulishgallery.com

                        I agree!

                        Sarah
                        Sarah Meier
                        Haunting Copy Copywriting Services
                        "Words they remember you by"

                        Comment


                        • #13
                          Only profits are taxed. For years and years since the 80s the corporate tax rate on profits and capital gains has been 35%. Obama is proposing 39% over $250,000 in profit.

                          This simply gives incentive for larger small businesses to invest in inventories, labor or materials rather than buy more ferrarris, Mc mansions and swimming pools every year.

                          Real growing businesses including haunts do not take a profit to this degree, they increase their quality or resources or open more locations thus employing more. So it is a catch 22. It may not bring in more income to the government but insures profits are reinvested rather than the government getting the money.

                          People with the job mentality and employees think that business owners are just sitting on stacks of cash. They aren't. They are generally paying overheads and buying inventories, paying labor and catching up on debts. As a result they are already paying no taxes beyond what they take as personal income. The business might be worth millions but the man lives on $8,000 per year.

                          This is just another way to pass a tax on luxuries that by itself has not been able to get through congress. Likely this tax increase won't make it through anyhow no matter what any president wants.

                          If you sell your business or merger you are screwed. That's when profits and capital gains are realized. At some point you grow out of the "small business" catagory and there are a whole other set of rules for large corporations already.

                          It's all just another way to keep the man down.

                          Just recently I went to a contractors company picnic of perhaps 1500 employees and friends all paid. Everyone got in for free and had nice evening at no cost as a reward for somehow supporting the mans business. That party would be tax deductible. In comparison, another contractor I have has for years been building his multi million dollar house to look like a roman cathedral with a french whore house decore. No company celebration what so ever. The later guy has never been over maybe 30 employees and when times are tough gets down to 8. At the exact same economic times the guy that celebrates his employees has not cut back on employment.

                          It is so much easier to run a haunted house that is well detailed and has investment. That takes care of the actors with proper meals and such. All the profits were reinvested year after year toward a better resource. Only bad haunters have driven away from a ticket booth with suitcases of money that are never seen again. I think all the piggy people do need to pay a bit more. They want smooth roads when they drive off fast don't they?
                          sigpic

                          Another fabulous post from the U.S.Department of Wild Imaginings, now in spectaclar stereo, sponsored by the Adhesives and Sealants Council, suggesting ways to stick things together since the 1800s. Not fabulous in a gay way. Your results may vary. Illinois residents add 8% sales tax. These posts have been made by professional post makers, do not try this type of posting on your own without extensive training, lovely assistants and a trusty clown horn.

                          Comment


                          • #14
                            And here's something to remember. Corporations really don't pay taxes. They pass them down to the consumer by either raising prices or cutting back jobs. By raising corporate taxes, the government raises our taxes. Think about it.

                            Comment


                            • #15
                              Originally posted by Infoamtek View Post
                              And here's something to remember. Corporations really don't pay taxes. They pass them down to the consumer by either raising prices or cutting back jobs. By raising corporate taxes, the government raises our taxes. Think about it.
                              This is why I would like to see focused, *significant* incentives to encourage corporations to reinvest.

                              Sarah
                              Sarah Meier
                              Haunting Copy Copywriting Services
                              "Words they remember you by"

                              Comment

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