A former boss converted his masonry company from a sole proprietorship to a corporation. He paid significantly less in taxes as an individual for drawing a salary, Since he set up a qualified retirement, he stashed away about $53,000 in corporate profits each year. The only significant tax burden that the corporation had was salaries and worker comp.
Sole prop.... That's not a very smart thing to have done. That's like a business 101 mistake.
Does he realize that he's paying taxes on that money twice? I bet he doesn't or he wouldn't have said that, or you misunderstood what he said. Sure, his individual tax could be lower, however that money was already taxed at the corporate level at the higher rate. You're not comparing apples to apples.
If he had any brains, he had is SP set up such that his finances and the companies are in the same pot. I'm sure he had it set up that way where he is. As it is now, money is taxed at the corporate level, then he has to pay taxes on what he receives. So before max tax would be 35%. Now it's likely going to be 70%. It's like a double tax. Really depends, on a LOT of things.
That's why I said open up a business and then we can discuss it. We work very very very hard for what we get. Sure, some guys make a great deal of money. However they went through a lot and paid a LOT in taxes to get there. One way or another they paid a lot. Oh and by the way, that $53,000 in profits - he has to pay at least 15% tax on that. Depends on how he did it. Dividend, capital gain, etc. He didn't just get that money tax free. Sooner or later they will get their cut. If he thinks he doesn't have to pay taxes on that, they'll catch up with him. When they do, it won't be pretty. I know a former CEO that is still trying to pay off about $750K settlement for some stuff he didn't declare right.
BTW, if you do run a company - get legal advice. It's always cheaper to get good (you paid for it and the guy knows what he's doing) legal advice rather than being caught in violation. It's easy to get in trouble as well.
Been at this since 1984. Obviously there are things I remember, I simply choose to "forget."
Well you're better at that than I am. I've probably forgot some things... Maybe it was the shock of some of the things I've seen. Some of us are not very nice people.
Since corporations are people, they can pay their fare share.
Run a corporation for a while, then tell me about them having to pay their fair share. You'll find they pay plenty. I'm sure way more than you imagine.
A truly professional "IT Pro" will learn to forget the things he has seen about his/her colleagues.
I bet you haven't been around long or seen much. Some things you simply can't un-see. You will remember it the rest of your days. Some stuff I saw over 30 years ago.
Some passwords that female employees use and were cracked... you'll never forget that either. Especially when you see them.
Seriously - the first female employee to stumble across it would make enough off the lawsuit to retire, so long as she was never seen to participate.
Had this chick years ago, right after all the Sexual Harassment BS came out in the 1990s. Her name was Bambi. No really - it was on her license. Worked for IBM at one point. We were all scared because she was really hot. None of us wanted to become an example.
Not so. Next thing I knew she had Adam & Eve catalog on her desk and some other stuff I'm probably still too young to look at. She said - have at it. Feel free to look and order. She was also very good on the swing I understand. I remember she said - don't worry. You can't offend me.
He's *NOT* disagreeing with me. They're selling more space on bare metal precisely for the reason I stated in my response. They're doing their own VM host and not using their crappy offering. I fit into that category. I run a bunch of cloud machines. I run the underlying ESXI or Openstack boxes. So I want the bare metal box and not something some guy put together and administers out of my control. Some guy that probably is a windows admin type wannabe with a few decades less experience than I have. I know this from experience and documented it. Do you have the whole blade or are you sharing it with 500 other companies over a 1G pipe. Some places really don't want to buy what they need to support the load they have.
The author of the linked story disagrees with you.
That's fine. Not offended nor does it worry me in the least. Not the first time someone has disagreed with me. However I have an excellent track record of being right in this area. In fact being right has built my house, air planes... and so on.
Last time I was wrong was when I thought something like the Dec Alpha would take over from the I386. That really should have happened, however stupid manager type people kept on buying the inferior I386 chip. So much so that not even Intel could get people away from it with the itanium. One day we'll get away from the pentium series.
However in this case I think I can be confident. As confident, even as smug as I was when I knew Unix based systems would beat out all the Mainframe types. I have a feeling he has no clue just how far it has come in just the past 5 years. In fact I'd say if you've been out of this area for more than 3 years, you know next to nothing about Cloud stuff. As a meeting today showed, a lot of "cloud" providers are behind, by years.
Stay tuned, I think you'll see some big changes in the next couple of years.
They asked me to unblock their advertisements, can click to go to site here - then it took me right back to the same page, same error... repeat. Close tab.
Looking at history, when they want to put people in jail as those telling us it's man made GW and it's settled - they know they're wrong. No doubt about it. That's why they want to jail anyone that points this out. Sadly, people haven't learned that from history. Still believe in MMGW. Who knows, maybe the tooth fairy too.
A trend toward moving toward "bare metal" physical boxes for the computing.
Not really. The trend is moving towards virtual machines. That's because almost all of the machines out there are nothing more than someone's BS project with a way over inflated value of their own self worth. I know, captain obvious moment here. They don't need a whole blade. All they really need is a 1GB X 2GHz machine running LAMP or same machine but running Win 2012 and IIS. I manage around 2500 machines. It's a U shaped curve. Probably 25 machines need serious CPU and memory. They do modeling or database work, things like that. The others are maxed out maybe one day a year. VM the suckers. When they need the HP and memory, bump them up. We can do that in about 10 minutes. Otherwise, they're a 1X2 or a 2X4. I dug into a Solaris box for CPUs recently. Box is about to fall off of maint. It's a dev box with just a web server on it - 132 processors. Gobs of memory. They want a new one just like it, of course. Getting cold in here, throw another stack of $100 bills on the fire. With Oracle, that's exactly what you're doing, throwing rolls of $100 bills at the problem.
Moving a certain department out to the web was a real eye opener for management. They had to pay by the TB of storage, Bytes up/down, CPU, memory, etc. Where they used to demand 20TB of storage, now they requested 2 TB. Where they used to ask for 512 GB memory and 32 processors, now they ask for 16 GB and 4 processors - same application, same data, etc. Apples to apples comparison. When it didn't matter and they thought they were dealing with funny money, the sky was the limit. Don't even try to figure out what you really needed, just ask for the moon. They used to get it.
Centralizing everything makes a lot of sense. You get a machine, don't have to worry about all the BS that goes into maintaining a physical machine. Where to put the sucker, power, environment... and so on. If there's a problem, where the hell is it? For most computing centers, we have say 6 or 10 modules, each about a football size. Guess where it is. Virtual machine? No problemo, I don't even have to leave my chair. Need to upgrade the hardware? No problem, just move it to another farm. Then remove that old stuff.
Unless you really need a bare metal machine, I mean you have to be able to make a honest business case (to a guy that is smarter than you are), don't do it.
It isn't as if anyone will ever use Cortana anyway. Outside of MIcrosoft. It's a microsoft product after all. They might as well named it Beatrice. Fits in with their other BS name - bing.
I know... funny thing is Sarah still thinks she does great speeches. Everyone else is like - is she still talking? Get the bitch off the stage! Even Fallon did a shot with poor old Trump in the background. You can see he'd be like - YOU'RE FIRED (BITCH)! if he could.
What is that, Some sort of joke? Hondas have a reputation of being more dependable (and more expensive) than their domestic counterparts.
What are you smoking. Must be good.
Nobody I've ever known that has owned say a Chevy or Ford claims that. They never buy another Honda either. Not even on a bet. When you're ready for a real car, buy something else. Put you checkbook away. You won't need it as much.
On the other hand, if you think they're great keep buying them. I'll laugh as I pass you in my caddy. There's a good chance that I spend less on maintaining that caddy than you do on the Honda.
...So the fragmentation you're talking about just doesn't exist any more. It's not 1996.
Great, glad we have just one Desktop... well we don't have that. There's kde, gnome, others. Great, glad we have just one Filesystem... well we don't have that either. btrfs, gpfs, ext(n), etc. Great, glad we have just one organized set of files... well we don't have that. We have the right way which RedHat mostly does and some really screwed up distros. Sometimes I think they're like - nobody will ever guess the config file is here! Ha! Great, glad we have just one way to install Linux.... well we don't have that either.
and so on.
Great thing about FOSS is you can make your own. The bad thing is we have so much effort going into often slightly different designs. Just imagine if we all standardized on gnome or kde. Don't care which one, either of them. Just standardize on one and call it a frickin' day! Nobody knows how long anyone really is anyhow.
We still have the SYS V vs BSD bullshit still going on. I was ready to stick a fork in it, BSD was dead then one guy fetched it out of the fire and replaced a really bad operating system - Apple OS with BSD after a great deal of effort to bring it up near contemporary standards. Even today, BSD is still a good decade or so behind. Actually this is 2016, they're really more like two decades behind now. Before anyone gets their panties in a bunch, look into it. There's a great deal missing from bsd. Mandatory access control for example. Consolidated filesystem access... In fact Apple doesn't use their own OS at the company because everyone knows it simply isn't up to the task. I mean, it's a captain obvious moment.
My whole career in fact. It's just moved on from arguments around VMS, Mainframe OSs, etc to Windows (which is funny in itself) and the various flavors of Unix. Need one OS, one desktop, one filesystem... one way to maintain these beasts and so on. As always - don't care which one, pick one and let's be done with it. Then Microsoft can blow their operating system off as it's a really big turd and super upgrade to Linux. Then we'll have micosoft office on Linux. Get SELinux set... the entire civilization will benefit.
It still applies for the same reasons. If there really are pedestrians and such, 85% of the people will be going slower because there is a problem.
The real problem is a lot of people want to abdicate their responsibilities. Like the street outside is a campus or something. Everyone just do 10 MPH, don't even bother to look both ways. Don't worry about kids either. Dumb hippies.
Live in the real world, teach the kids like us kids 50 and older were taught.
They do that crap in the US too. Islands and such. Try driving a fire truck down one of those streets sometime. That stupidity makes it nearly impossible and causes a lot of accidents. Sometimes they do speed bumps or speed humps. Try being in the back of an ambulance going over one of those.
Sounds like he should just shut up. They're fine. Raise the speed limit to 35 where it should be.
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A former boss converted his masonry company from a sole proprietorship to a corporation. He paid significantly less in taxes as an individual for drawing a salary, Since he set up a qualified retirement, he stashed away about $53,000 in corporate profits each year. The only significant tax burden that the corporation had was salaries and worker comp.
Sole prop.... That's not a very smart thing to have done. That's like a business 101 mistake.
Does he realize that he's paying taxes on that money twice? I bet he doesn't or he wouldn't have said that, or you misunderstood what he said. Sure, his individual tax could be lower, however that money was already taxed at the corporate level at the higher rate. You're not comparing apples to apples.
If he had any brains, he had is SP set up such that his finances and the companies are in the same pot. I'm sure he had it set up that way where he is. As it is now, money is taxed at the corporate level, then he has to pay taxes on what he receives. So before max tax would be 35%. Now it's likely going to be 70%. It's like a double tax. Really depends, on a LOT of things.
That's why I said open up a business and then we can discuss it. We work very very very hard for what we get. Sure, some guys make a great deal of money. However they went through a lot and paid a LOT in taxes to get there. One way or another they paid a lot. Oh and by the way, that $53,000 in profits - he has to pay at least 15% tax on that. Depends on how he did it. Dividend, capital gain, etc. He didn't just get that money tax free. Sooner or later they will get their cut. If he thinks he doesn't have to pay taxes on that, they'll catch up with him. When they do, it won't be pretty. I know a former CEO that is still trying to pay off about $750K settlement for some stuff he didn't declare right.
BTW, if you do run a company - get legal advice. It's always cheaper to get good (you paid for it and the guy knows what he's doing) legal advice rather than being caught in violation. It's easy to get in trouble as well.
Been at this since 1984. Obviously there are things I remember, I simply choose to "forget."
Well you're better at that than I am. I've probably forgot some things... Maybe it was the shock of some of the things I've seen. Some of us are not very nice people.
Since corporations are people, they can pay their fare share.
Run a corporation for a while, then tell me about them having to pay their fair share. You'll find they pay plenty. I'm sure way more than you imagine.
A truly professional "IT Pro" will learn to forget the things he has seen about his/her colleagues.
I bet you haven't been around long or seen much. Some things you simply can't un-see. You will remember it the rest of your days. Some stuff I saw over 30 years ago.
Some passwords that female employees use and were cracked... you'll never forget that either. Especially when you see them.
Seriously - the first female employee to stumble across it would make enough off the lawsuit to retire, so long as she was never seen to participate.
Had this chick years ago, right after all the Sexual Harassment BS came out in the 1990s. Her name was Bambi. No really - it was on her license. Worked for IBM at one point. We were all scared because she was really hot. None of us wanted to become an example.
Not so. Next thing I knew she had Adam & Eve catalog on her desk and some other stuff I'm probably still too young to look at. She said - have at it. Feel free to look and order. She was also very good on the swing I understand. I remember she said - don't worry. You can't offend me.
Godwins law already? https://en.wikipedia.org/wiki/...
Peasants hell, most of us are saying YAY! Anyone that knows much about her is saying YAY, Woo Hoo!
Ok... Thought I was responding to another post.
He's *NOT* disagreeing with me. They're selling more space on bare metal precisely for the reason I stated in my response. They're doing their own VM host and not using their crappy offering. I fit into that category. I run a bunch of cloud machines. I run the underlying ESXI or Openstack boxes. So I want the bare metal box and not something some guy put together and administers out of my control. Some guy that probably is a windows admin type wannabe with a few decades less experience than I have. I know this from experience and documented it. Do you have the whole blade or are you sharing it with 500 other companies over a 1G pipe. Some places really don't want to buy what they need to support the load they have.
The author of the linked story disagrees with you.
That's fine. Not offended nor does it worry me in the least. Not the first time someone has disagreed with me. However I have an excellent track record of being right in this area. In fact being right has built my house, air planes... and so on.
Last time I was wrong was when I thought something like the Dec Alpha would take over from the I386. That really should have happened, however stupid manager type people kept on buying the inferior I386 chip. So much so that not even Intel could get people away from it with the itanium. One day we'll get away from the pentium series.
However in this case I think I can be confident. As confident, even as smug as I was when I knew Unix based systems would beat out all the Mainframe types. I have a feeling he has no clue just how far it has come in just the past 5 years. In fact I'd say if you've been out of this area for more than 3 years, you know next to nothing about Cloud stuff. As a meeting today showed, a lot of "cloud" providers are behind, by years.
Stay tuned, I think you'll see some big changes in the next couple of years.
They asked me to unblock their advertisements, can click to go to site here - then it took me right back to the same page, same error... repeat. Close tab.
Me too.... I think I chucked it years ago.
Looking at history, when they want to put people in jail as those telling us it's man made GW and it's settled - they know they're wrong. No doubt about it. That's why they want to jail anyone that points this out. Sadly, people haven't learned that from history. Still believe in MMGW. Who knows, maybe the tooth fairy too.
They reject our reality and substitute their own?
A trend toward moving toward "bare metal" physical boxes for the computing.
Not really. The trend is moving towards virtual machines. That's because almost all of the machines out there are nothing more than someone's BS project with a way over inflated value of their own self worth. I know, captain obvious moment here. They don't need a whole blade. All they really need is a 1GB X 2GHz machine running LAMP or same machine but running Win 2012 and IIS. I manage around 2500 machines. It's a U shaped curve. Probably 25 machines need serious CPU and memory. They do modeling or database work, things like that. The others are maxed out maybe one day a year. VM the suckers. When they need the HP and memory, bump them up. We can do that in about 10 minutes. Otherwise, they're a 1X2 or a 2X4. I dug into a Solaris box for CPUs recently. Box is about to fall off of maint. It's a dev box with just a web server on it - 132 processors. Gobs of memory. They want a new one just like it, of course. Getting cold in here, throw another stack of $100 bills on the fire. With Oracle, that's exactly what you're doing, throwing rolls of $100 bills at the problem.
Moving a certain department out to the web was a real eye opener for management. They had to pay by the TB of storage, Bytes up/down, CPU, memory, etc. Where they used to demand 20TB of storage, now they requested 2 TB. Where they used to ask for 512 GB memory and 32 processors, now they ask for 16 GB and 4 processors - same application, same data, etc. Apples to apples comparison. When it didn't matter and they thought they were dealing with funny money, the sky was the limit. Don't even try to figure out what you really needed, just ask for the moon. They used to get it.
Centralizing everything makes a lot of sense. You get a machine, don't have to worry about all the BS that goes into maintaining a physical machine. Where to put the sucker, power, environment... and so on. If there's a problem, where the hell is it? For most computing centers, we have say 6 or 10 modules, each about a football size. Guess where it is. Virtual machine? No problemo, I don't even have to leave my chair. Need to upgrade the hardware? No problem, just move it to another farm. Then remove that old stuff.
Unless you really need a bare metal machine, I mean you have to be able to make a honest business case (to a guy that is smarter than you are), don't do it.
It isn't as if anyone will ever use Cortana anyway. Outside of MIcrosoft. It's a microsoft product after all. They might as well named it Beatrice. Fits in with their other BS name - bing.
Don't type "fucking machine" into google... You're probably not old enough to look at the results.
Source: someone who has never argued from ignorance, had said ignorance pointed out to them, and continued to use the same argument.
Difference between ignorance and stupidity. Ignorance we can fix. Stupidity is forever.
They've already released the hounds of hell in Bethesda. It's called the Beltway and the 270 corridor. I hate driving in that area.
Are you one of Sarah Palin's speechwriters?
I know... funny thing is Sarah still thinks she does great speeches. Everyone else is like - is she still talking? Get the bitch off the stage! Even Fallon did a shot with poor old Trump in the background. You can see he'd be like - YOU'RE FIRED (BITCH)! if he could.
What is that, Some sort of joke? Hondas have a reputation of being more dependable (and more expensive) than their domestic counterparts.
What are you smoking. Must be good.
Nobody I've ever known that has owned say a Chevy or Ford claims that. They never buy another Honda either. Not even on a bet. When you're ready for a real car, buy something else. Put you checkbook away. You won't need it as much.
On the other hand, if you think they're great keep buying them. I'll laugh as I pass you in my caddy. There's a good chance that I spend less on maintaining that caddy than you do on the Honda.
...So the fragmentation you're talking about just doesn't exist any more. It's not 1996.
Great, glad we have just one Desktop... well we don't have that. There's kde, gnome, others.
Great, glad we have just one Filesystem... well we don't have that either. btrfs, gpfs, ext(n), etc.
Great, glad we have just one organized set of files... well we don't have that. We have the right way which RedHat mostly does and some really screwed up distros. Sometimes I think they're like - nobody will ever guess the config file is here! Ha!
Great, glad we have just one way to install Linux.... well we don't have that either.
and so on.
Great thing about FOSS is you can make your own. The bad thing is we have so much effort going into often slightly different designs. Just imagine if we all standardized on gnome or kde. Don't care which one, either of them. Just standardize on one and call it a frickin' day! Nobody knows how long anyone really is anyhow.
We still have the SYS V vs BSD bullshit still going on. I was ready to stick a fork in it, BSD was dead then one guy fetched it out of the fire and replaced a really bad operating system - Apple OS with BSD after a great deal of effort to bring it up near contemporary standards. Even today, BSD is still a good decade or so behind. Actually this is 2016, they're really more like two decades behind now. Before anyone gets their panties in a bunch, look into it. There's a great deal missing from bsd. Mandatory access control for example. Consolidated filesystem access... In fact Apple doesn't use their own OS at the company because everyone knows it simply isn't up to the task. I mean, it's a captain obvious moment.
My whole career in fact. It's just moved on from arguments around VMS, Mainframe OSs, etc to Windows (which is funny in itself) and the various flavors of Unix. Need one OS, one desktop, one filesystem... one way to maintain these beasts and so on. As always - don't care which one, pick one and let's be done with it. Then Microsoft can blow their operating system off as it's a really big turd and super upgrade to Linux. Then we'll have micosoft office on Linux. Get SELinux set... the entire civilization will benefit.
So they *Reacted*?
Heh.
It still applies for the same reasons. If there really are pedestrians and such, 85% of the people will be going slower because there is a problem.
The real problem is a lot of people want to abdicate their responsibilities. Like the street outside is a campus or something. Everyone just do 10 MPH, don't even bother to look both ways. Don't worry about kids either. Dumb hippies.
Live in the real world, teach the kids like us kids 50 and older were taught.
They do that crap in the US too. Islands and such. Try driving a fire truck down one of those streets sometime. That stupidity makes it nearly impossible and causes a lot of accidents. Sometimes they do speed bumps or speed humps. Try being in the back of an ambulance going over one of those.
Sounds like he should just shut up. They're fine. Raise the speed limit to 35 where it should be.
Even if they did, so what? It's not illegal.
Maybe the Scotts wanted to give the plane flying at 30,000' the finger or something?
BTW, send over some more scotch.