but dude played football and also cheered
Get With the Program Dude Was Just Trying to Get Some Tang Coming and Going
but dude played football and also cheered
The only way to make a lot of $$ and not pay taxes is to continuously buy equipment and trucks and so forth and write them off every year. Of course, unless you’re growing tremendously in a capital intensive industry, then you’re just wasting $$ on things you don’t need, and you wind up with unneeded fixed assets instead of a pile of cash.This seems like misinformation. You can only be talking about the companies income not your personal salary. Why would you present yourself as not paying taxes?
You didn’t mention (on purpose?) that you were not talking about paying taxes on your salary from the company you own. Instead you took an effort to make it seem like smart owners know how to not pay taxes.
If you were not paying yourself a salary from your company, then you couldn’t have money to live on. If your company has great returns, and your CPA is showing enough expenses to show little profit to tax, then your salary must be listed as an expense. But then you would be an owner and a contractor who has a 1099 sent to them and to the Irs.
You should post more. You have the freedom of speech to show who you are.
Go On...Spirit Portals
The only way to make a lot of $$ and not pay taxes is to continuously buy equipment and trucks and so forth and write them off every year. Of course, unless you’re growing tremendously in a capital intensive industry, then you’re just wasting $$ on things you don’t need, and you wind up with unneeded fixed assets instead of a pile of cash.
Anyone who says they’re paying little or no tax on a continual basis is not really making $, lying, using the pointless scheme above, cheating, or most likely, doesn’t understand how much tax they’re paying. There are businesses that can shift income to other countries, but 99%+ of small businesses aren’t operating in multiple countries.
So what word should we use to replace unvaccinated? I can’t think of anything good.
We could call the vaccinated double plus vaccinated though.
Go On...
We Are a Conspiracy Board
So You're Saying a Board Made by a Toy Company Opens Portals to a Spirit World?
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Depends how you're organized. If you're incorporated (whether S-, C-, or an LLC filing as one) your post is correct. Sole prop LLC, not so much.This seems like misinformation. You can only be talking about the companies income not your personal salary. Why would you present yourself as not paying taxes?
You didn’t mention (on purpose?) that you were not talking about paying taxes on your salary from the company you own. Instead you took an effort to make it seem like smart owners know how to not pay taxes.
If you were not paying yourself a salary from your company, then you couldn’t have money to live on. If your company has great returns, and your CPA is showing enough expenses to show little profit to tax, then your salary must be listed as an expense. But then you would be an owner and a contractor who has a 1099 sent to them and to the Irs.
You should post more. You have the freedom of speech to show who you are.
Then how do you eat?Depends how you're organized. If you're incorporated (whether S-, C-, or an LLC filing as one) your post is correct. Sole prop LLC, not so much.
Went and supported my mayor against this rogue, masked, and socialist assembly. Let’s just say they knew Viking and the FREE SPEECH FORUM were there. People are fed up and I helped stoke them a little. Haha! They loved my Uncle Exodus t-shirt! SKOL!Correct. The boy from baltimore in the 50s the exorcist movie was based on was in about 8th grade and use the ouija board and got possessed.Spirit Portals
I thought wealthy just take loans against an asset and do not have to pay taxes? Or also setup trusts that donate to charities upon death, until then they take the returns from the trust and buy term insurance, etc?The only way to make a lot of $$ and not pay taxes is to continuously buy equipment and trucks and so forth and write them off every year. Of course, unless you’re growing tremendously in a capital intensive industry, then you’re just wasting $$ on things you don’t need, and you wind up with unneeded fixed assets instead of a pile of cash.
Anyone who says they’re paying little or no tax on a continual basis is not really making $, lying, using the pointless scheme above, cheating, or most likely, doesn’t understand how much tax they’re paying. There are businesses that can shift income to other countries, but 99%+ of small businesses aren’t operating in multiple countries.
Not doubting this story- but dude played football and also cheered??? Man- this younger generation sure is confused!
This is how it goes. Except I don’t end up with useless assets. If there is something I have to buy I don’t need, do so then sell for cash. Most of my money is moved to RE. I’m not claiming to make a million dollars a year and paying no taxes but it is possible to pay a fraction of what you owe if you understand finance and have a food accountant. The only person I’m lying to is the government. I believe I know how to handle my money better than them. If you have a problem with that then so be it.The only way to make a lot of $$ and not pay taxes is to continuously buy equipment and trucks and so forth and write them off every year. Of course, unless you’re growing tremendously in a capital intensive industry, then you’re just wasting $$ on things you don’t need, and you wind up with unneeded fixed assets instead of a pile of cash.
Anyone who says they’re paying little or no tax on a continual basis is not really making $, lying, using the pointless scheme above, cheating, or most likely, doesn’t understand how much tax they’re paying. There are businesses that can shift income to other countries, but 99%+ of small businesses aren’t operating in multiple countries.
It’s kinda funny you say this because I had this exact conversation with a client today. They wanted to buy 10 vehicles for their field engineers to use and discontinue their reimbursement of mileage. Spend about $300k on vehicles vs reimbursing $30k each year. I told them that if that’s what they wanted to do from a business perspective then sure, make sure to do it before year end. But if they’re just buying the cars to save taxes, then they’re spending $300k in cash to save $100k in taxes. A losing scenario from a cash perspective. Nobody likes to pay taxes but sometimes it is the best fiscal decision.
View attachment 50532Went and supported my mayor against this rogue, masked, and socialist assembly. Let’s just say they knew Viking and the FREE SPEECH FORUM were there. People are fed up and I helped stoke them a little. Haha! They loved my Uncle Exodus t-shirt! SKOL!
That bitch on the right in the blue mask is a bitch in a man suite. Pathetic cuck’d snitch would pint around the room at people who broke their silly rules.
Gave a lesson on following unlawful orders to three cops. One never even heard of the Nuremberg Code and evening resorted to saying he was just following their orders. The other two silently nodded along with me. I then said I back the blue wil you back us? I saw a realization in their eyes. We are dead serious! No more mask mandates, no more stepping on our rights.
A young twenty two year old kid recited Patrick Henry and when we got to “Give me liberty or give me death!” I jumped up and yelled ‘hell yeah’ and walked out. 5 hours of public testimony and they still have a line out the door at 11PM. People are done!
Scholarships. My former hs has won 2 national titles and 2 state titles. Ky has excellent cheer programs and sends tons of kids to college on scholly. Almost every dude that cheers at my former hs can get some sort of money for college for cheering. 2 of the starting qb's at my hs went to college on cheer scholly's.
Plus, you put your thumb up girls buts on the reg!
Strange....like systematically taking down Noem and Lewandowski. Hmmmmm![]()
Most people in that situation take a draw. Some just combine everything and let the accountant figure it out later, but I wouldn't recommend it. You're mistaking income with cash flow, but they're not the same thing. Depreciation (fixed assets which have a useful life greater than a year) for example, it's a non-cash expense, fully and legally deductible. Others are amortization (intangible assets such as software, goodwill, a franchise, contract, etc) and depletion (current asset stores which are used up such as oil reserves, mineral deposits in mines, etc). Even though cash wasn't laid out that year, you can deduct the estimated expense value of how much of its useful life is expended. Depending on the situation, it can be taken as a steady percent each year, or accelerated, even including depreciating it all at once. Then there are "standard" expenses which rarely match the actual expense exactly, like the mileage expense.Then how do you eat?
Precisely. Sole Prop LLC here.Depends how you're organized. If you're incorporated (whether S-, C-, or an LLC filing as one) your post is correct. Sole prop LLC, not so much.
View attachment 50529
It's always china
Sure, but taking loans isn’t income, it’s cash flow. Like Bezos wouldn’t have to take a salary of consequence to him, and he could finance any lifestyle he wanted with all that stock.Correct. The boy from baltimore in the 50s the exorcist movie was based on was in about 8th grade and use the ouija board and got possessed.
I thought wealthy just take loans against an asset and do not have to pay taxes? Or also setup trusts that donate to charities upon death, until then they take the returns from the trust and buy term insurance, etc?
Kind of how I'm feeling right now with what's going on in this country.
Fauci and Pfizer are in orgasmic bliss.View attachment 50529
It's always china
But it also proves he ISN'T the only oneYeah, that’s why this song is in this thread many times. Captures the mood of the people here better than any other.