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Started By
Message
re: Did PPP save your job? The government has released loan data for recipients
Posted on 7/6/20 at 7:55 pm to cuyahoga tiger
Posted on 7/6/20 at 7:55 pm to cuyahoga tiger
quote:
Don't try to deflect my point, that businesses that were not effected by the CV and are profitable and revenue producing are using our tax dollars for business improvement and not for payroll.
So what? If those businesses don’t use the money the way it was intended they will have to pay it back plus interest. It’s no different than the SBA EDIL program
1
Posted on 7/6/20 at 8:01 pm to tgrbaitn08
quote:
There’s a formula that you use to show your payroll before, during and after as well as other expenses. When you’re granted the money you’re only granted enough money to cover a certain amount that covers payroll and other specific expenses
C'mon. Okay, so profitable business shows the before, during, after, and gets that amount of dollars, for free. The dollars that would have paid for those expenses are used for capital improvements or pay down debt. Your point doesn't change the shell game at tax payers expense.
Posted on 7/6/20 at 8:04 pm to tgrbaitn08
quote:
So what? If those businesses don’t use the money the way it was intended they will have to pay it back plus interest. It’s no different than the SBA EDIL program
How is the govt gonna know which dollars were used for payroll. Dollars are dollars, whether it came from a PPP loan or from your operating account. You can't be that dumb.
Posted on 7/6/20 at 8:12 pm to GetCocky11
It saved the job of everyone who works for me.
Posted on 7/6/20 at 8:18 pm to cuyahoga tiger
Look bro, I’m not trying to argue with you.
My cpa handled this shite for me. All I know is that we had a certain amount of time to spend a certain amount of money on specific things and it only included payroll and utilities if you wanted the money to be forgiven
You can use the money for whatever you want, but if you follow their guidelines it just becomes a grant.
Now the EIDL loan is much different
My cpa handled this shite for me. All I know is that we had a certain amount of time to spend a certain amount of money on specific things and it only included payroll and utilities if you wanted the money to be forgiven
You can use the money for whatever you want, but if you follow their guidelines it just becomes a grant.
Now the EIDL loan is much different
This post was edited on 7/6/20 at 8:22 pm
Posted on 7/6/20 at 8:25 pm to tgrbaitn08
quote:
Look bro, I’m not trying to argue with you.
My cpa handled this shite for me. All I know is that we had a certain amount of time to spend a certain amount of money on specific things and it only included payroll and utilities if you wanted the money to be forgiven
You can use the money for whatever you want, but if you follow their guidelines it just becomes a grant.
Fair enough. I was just making the point that many businesses that did not NEED the help to keep folks employed, used my tax dollars, for free, to enrich their businesses. And that is not right. It's that simple.
eta: and many of these business owners are the first to complain of govt waste and corruption. But if the waste and corruption helps them, well, game on.
This post was edited on 7/6/20 at 8:28 pm
Posted on 7/6/20 at 8:30 pm to tgrbaitn08
quote:
tgrbaitn08
Doesn't understand what fungible means.
Posted on 7/6/20 at 8:32 pm to MikeD
What is the exact link to see?
Posted on 7/6/20 at 8:33 pm to cuyahoga tiger
quote:
Fair enough. I was just making the point that many businesses that did not NEED the help to keep folks employed, used my tax dollars, for free, to enrich their businesses. And that is not right. It's that simple.
Well you obviously don’t understand how the PPP program is set up. If those businesses don’t use the money the way it was intended for them to use then they will end up paying it back with interest. Like a loan.
quote:
used my tax dollars, for free, to enrich their businesses. And that is not right. It's that simple.
eta: and many of these business owners are the first to complain of govt waste and corruption. But if the waste and corruption helps them, well, game on.
Just curious, are you a business owner? How much of your tax dollars do you think went into the PPP program?
You just sound like a jealous bitter little bitch
Posted on 7/6/20 at 8:35 pm to JohnnyKilroy
quote:
Doesn't understand what fungible means.
I do but my straight laced cpa doesn’t. It drives me crazy sometimes. 
Posted on 7/6/20 at 8:38 pm to cuyahoga tiger
quote:
How is the govt gonna know which dollars were used for payroll.
Wait. What?
Because payroll is directly reported to the government. Thats how they would know.
Have you even had a job before?
Posted on 7/6/20 at 8:40 pm to YF12
quote:
Wait. What?
Because payroll is directly reported to the government. Thats how they would know.
Have you even had a job before?
Yeah I feel like I’m in crazy world right now. Then again it’s the OT so I guess that’s what I should expect
Posted on 7/6/20 at 8:45 pm to tgrbaitn08
quote:
If those businesses don’t use the money the way it was intended for them to use then they will end up paying it back with interest. Like a loan
Dollars are dollars. Your comprehension is lacking. Again, the PPP dollars do have to be used for payroll and utilities. Now pay attention, the dollars "that would have been used for those purposes" is being used for business enrichment and those are my tax dollars.
quote:
Just curious, are you a business owner? How much of your tax dollars do you think went into the PPP program?
You just sound like a jealous bitter little bitch
WTF if I am a business owner or not have to do with my point. How many of my dollars? WTF does that matter. You sound like our government. "Well that study we spent millions on to study the matting habits of tree frogs is only a tiny fraction of our debt." Whats wrong is wrong.
No I'm just a bitter tax payer and your "bitter little bitch" remark tells a lot about your character and intellect.
Posted on 7/6/20 at 8:47 pm to PhiTiger1764
quote:
Some businesses will barely get by with the PPP help. Others will profit greatly. It’s what you get when you pass a $3T stimulus bill in a few days.
This
Right
Here
PPP Only helps employee heavy companies. Doesn’t matter how profitable, unprofitable, viable, or anything. Just employees. Some businesses didn’t need it, some businesses will end up way ahead because of it, others it won’t be enough.
So many different business models. This does help, but it was far from efficient.
Posted on 7/6/20 at 8:47 pm to tgrbaitn08
quote:
I do
This thread is solid evidence against this statement baw.
Posted on 7/6/20 at 8:49 pm to cuyahoga tiger
quote:
WTF if I am a business owner or not have to do with my point. How many of my dollars? WTF does that matter.
I can guarantee you that I have paid a significant amount of federal taxes over the years that far exceeds a very large PPP loan that 85% of which went to employees.
I am still extremely far behind on the taxpayer benefit game.
They finally owed me for forcing us to close.
Posted on 7/6/20 at 8:49 pm to YF12
quote:
Because payroll is directly reported to the government. Thats how they would know.
Yes they will know what your payroll is, but they don't know where those dollars originated. From the PPP or general operating account. It's not hard to understand the sham that it is for some of the recipients. Not all of them, but a good portion of them.
Posted on 7/6/20 at 8:53 pm to YF12
quote:
I can guarantee you that I have paid a significant amount of federal taxes over the years that far exceeds a very large PPP loan that 85% of which went to employees.
I am still extremely far behind on the taxpayer benefit game.
They finally owed me for forcing us to close.
Now this is a response I can respect and that I've gotten from business owner friends and customers.
Posted on 7/6/20 at 8:53 pm to tgrbaitn08
quote:
How much of your tax dollars do you think went into the PPP program?
Dude taxpayers are going to be paying for this for the next 40 years. Maybe Congress should earmark only money from business owners to fund this.
Posted on 7/6/20 at 8:57 pm to cuyahoga tiger
quote:
eta: and many of these business owners are the first to complain of govt waste and corruption. But if the waste and corruption helps them, well, game on.
This program is likely way way way more efficient than the kind of relief we saw in 08 and some of the other programs we have seen - despite the abuses of some companies who have taken advantage.
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