Tax.....

[Mowman16]

How many of you guys like paying tax? :confused: This year I had a loss due to my truck,:cry: but I can't wait till I can actually have a gain and PAY!!! :cool2: Boy, just the thought gets me excited...isn't it fun?:waving:

[scagwildcat]

i have several freinds that complain that they paid so much in tax, and there have been years that i didnt have to pay do to this or that, (you know)
i simply told them one thing to shut them up! IF YOUR PAYING TAXES YOUR MAKING MONEY, plain and simple!

[1cooltreeguy]

i have several freinds that complain that they paid so much in tax, and there have been years that i didnt have to pay do to this or that, (you know)
i simply told them one thing to shut them up! IF YOUR PAYING TAXES YOUR MAKING MONEY, plain and simple!

Wait a minute - I thought the GOAL was to MAke ALOT of $$ and still show a LOSS so you do not pay $$ in taxes. HUH - go figure - I have been doing this wrong all this time.:cool2:

[Raven386]

i hate seeing them take so much away. i work hard to get that money and when i have to give them half, it kinda sucks. but i deduct every little thing i can. that makes up for it. last year i didnt have to pay anything because of all the crap i bought. just had to pay that damn Self-Employment Tax.

[dhardin53]

well I'm one that pays, and pays well to support this country.
This is the first year that I have enough money held back to pay this years. Actually had some extra. My tax man keeps telling me I should buy a new truck, and he right but I hate being in debit. But when a idler pulley on my Ford Exploder when out Sunday I thought it might be time. But no I spent $45 on a new pulley to get it home.

A tax tip, collect all the legit recites you can get your hands on. But my biggest problem is I dint have any income I can shelter.

[scagwildcat]

Wait a minute - I thought the GOAL was to MAke ALOT of $$ and still show a LOSS so you do not pay $$ in taxes. HUH - go figure - I have been doing this wrong all this time.:cool2:

well, yes your right! but im talking about people that have 1 mil worth of equipment vs me the little guy.. would you complain if you made a mill, and had to pay some money but still ended up in the +? or would you be satisfied with making 20k and not being able to save a penny due to all of the costs needed to operate ? get i now?

[ccash]

i try to get paid in cash as much as possible.

[J&R Landscaping]

i try to get paid in cash as much as possible.

I get paid by a few customers in cash as well. It don't matter to me, cash or check, it gets reported legally either way.

I'm not sure I'd be posting the above statement in a public forum. :dizzy: Ya never know whos watching and reading these posts!

[Mowman16]

I get paid by a few customers in cash as well. It don't matter to me, cash or check, it gets reported legally either way.
I'm not sure I'd be posting the above statement in a public forum. :dizzy: Ya never know whos watching and reading these posts!

Same here, it dosn't pay to try to hid a few cash jobs....just report it all and buy a new truck or something.:cool2:

[1cooltreeguy]

Buy lots of equipment and give to charity. Then thr crooks in DC will not get it all.

[eshreve1234]

i hate seeing them take so much away. i work hard to get that money and when i have to give them half, it kinda sucks. but i deduct every little thing i can. that makes up for it. last year i didnt have to pay anything because of all the crap i bought. just had to pay that damn Self-Employment Tax.


S Corp does not pay SE tax on income! Look into it. You will need to incorporate in your state, then file the S-Election with the IRS.

[amtrucker22]

Buy lots of equipment and give to charity. Then thr crooks in DC will not get it all.

The problem with doing this is that I have to explain to the wife why I get a new truck every few years, but we don't have food on the table.:confused:

[goodgreen]

Honesty is the best policy no matter how foolish the jerks in Washington are with our money. Did you ever realize that your social security benefits will be more if you declare the proper amounts? Sounds stupid since SS is adebateable issue now. But why cheat yourself? Just do it right dammit. You'll feel better about who you are....