Are you guys paying any taxes? - Page 2 - GoFuckYourself.com

Centurion · 12-26-2003, 02:16 PM

Quote:

Originally posted by Mishi
By all means, don't pay your taxes. Why on earth should you pay your share?

But please, stay the fuck off my interstate highways, do not enjoy the benefits of my military, and keep your kids out of my public schools. Assuming your municipality recieves federal funding, do NOT call the cops or the fire department if your life or home is in jeaopordy. And if you do have to call the local sheriff, don't use the 911 system.

If you or any or your loved ones go to college, promise me you won't take advantage of any federal grants. And if you haven't already bought your first home, promise me you won't go FDA when and if you do.

Guess what, NOBODY likes paying taxes. And yes, we self-employed do feel screwed by the fact that we have to pay for our own "welfare" via the self-employment social security tax (which I prefer to refer to as simply the "self-employment tax"). But unless you're prepared to either fight the system, or privatize every social system in the US (yes, we do have them) or stop utilizing those systems, pay your fucking share.

Sorry, looks like somebody touched a nerve...

Well said!!

Centurion · 12-26-2003, 02:19 PM

Quote:

Originally posted by Tala
For those of us who need to know, how does one go about filing taxes when you're not even an incorporated business of yet? Just add up everything you made minus whatever deductions you can get away with and pray you don't owe much?

I've not made much, but I betcha they'll take everything plus 20% because I'm a college student. That and I won't be able to get any more funding for school. *sigh*

Have you investigated how much in deductions you can get when you itemize? It's a heaping helping belive me! And I'm talking about honest deductions. Find someone that is at least competent in self employed businesses and they will read you the long list of things you can deduct. If you're making under $100,000, you can really knock that figure down big time.

If you are making over $100,000 a year..well, you can still knock it down, but heck, you're probably so rich you don't mind paying taxes!

progex · 12-26-2003, 02:32 PM

I obviously don't earn enough income to be eligible for taxes, but when you do file for taxes, will you have to put down what you do for a living?

In other words, is it possible for you to file your taxes without a trace of anything adult-related?

Centurion · 12-26-2003, 03:20 PM

Quote:

Originally posted by progex
I obviously don't earn enough income to be eligible for taxes, but when you do file for taxes, will you have to put down what you do for a living?

In other words, is it possible for you to file your taxes without a trace of anything adult-related?

You MUST identify yourself as a PORNOGRAPHER or get sent to the slammer!

AllisonWonderland · 12-26-2003, 04:37 PM

We are registered as an LLC, and chose the option to be taxed as a partnership. We have a kick-ass accountant who keeps us legal with our deductions (and he reminds us of deductions we didn't think of), so we have 2 returns prepared - our personal joint return and a separate return for our LLC. We have had a loss each year, thanks to the business deductions, and the loss carries over to our personal return.

Our LLC income increases each year (along with our deductions), so we can argue a profit motive in the slight chance we ever get audited.

It's not worth the worry not to do it right, and the tax laws allow you enough deductions that there's no reason you can't minimize your taxes.

axelcat · 12-26-2003, 04:38 PM

Everyone in the us pays taxes

Sean · 12-26-2003, 05:15 PM

i do pay my tax, i might not like some of it.. but i would not vote if i didnt pay tax also

AdultNex · 12-26-2003, 05:35 PM

Quote:

Originally posted by Centurion

You MUST identify yourself as a PORNOGRAPHER or get sent to the slammer!

AvsTgp · 12-26-2003, 06:21 PM

Best way is to incorporate,
have yourself as an employee of the company getting payed a small salary.
have the income taxes deducted automatic (i.e.for $500 a week a single person would be left with 382 )
have the corp pay for all your expenses food dinner, rent etc. whatever you could deduct as a business expense.
But its very important to have the corporation it leaves you in the clear for a host of problems.

cosis · 12-26-2003, 07:18 PM

haha you idiots better pay your taxes or they will make your life a living hell

mr rick · 12-26-2003, 07:55 PM

I would if you have assets to protect. Tax liens will fuck you up.

subsubbo · 12-26-2003, 08:11 PM

Quote:

Originally posted by media

LOL! Exactly, I pay all quarterly estimateds, But somehow I still stress about tax like a motherfucker.. the IRS sucks.. why should I have to pay social security when its not going to even be around when I'm old enough to retire..

Media

That's exactly why an accountant can be your best friend. I got set up with an S-Corp. this year, and I don't plan on ever paying Social Security again...

inthestars · 12-26-2003, 10:06 PM

Quote:

Originally posted by mysandstorm
Are you guys paying any taxes on your income from selling porn?
I hate paying taxes... How good or bad is if I don't report any income from this job?
I have a friend hi was driving a cab for 1 year and he made about
40 k and he paid 0 tax but on the other side i have a friend that is a chef in a restaurant and he is paying allmost 40% of his income for tax. that's insane....

What do you think of that subject? I am a newbee and I need some opinion from people that are in this bussiness for few years at least...
thanks

Be honest and pay taxes. If they catch you, the IRS will make your life a living hell. It is not worth being caught because after that they tag your file and go over every subsequent filing with a fine tooth comb.

Also, make sure that you pay quarterly and put something back from every check. It is hard at first, it is intoxicating to get a fat check, but you have to think of your future.

Raven · 12-26-2003, 10:27 PM

The IRS is now categorising Internet businesses.

Whether you're service oriented or whatever, there are now identifiers.

As an 's' corp, we itemise everything...from coffee to toilet paper...since our office is in our home, we get to deduct a percentage of our living space and the food we buy....paper towels, office supplies...etc...

Get a good tax preparer..doesn't have to cost an arm and a leg..but, if not incorporated..paying sole proprietorship is the highest of the tax brackets.....

There's no escape from taxes. Sooner or later, the IRS finds you; and, while they seem to be kindler and gentler, they still want what they think is theirs.

12-26-2003, 10:34 PM

Always report...But be smart in how you run your business. Having an LLC or an S-Corp is the smart way to go. This seperates your personal self from your business, and if something goes haywire, it's not your personal self getting fucked (so to speak).

Write off what you can, take biz trips and enjoy some nice perks...If you don't spend it on "business items", The IRS will get it anyways.

Also....ALWAYS plan! If you don' plan for a year and you spend the next year paying it off, you'll be stuck in a vicious circle, swimming in a sea of debt for the rest of your life.

inthestars · 12-26-2003, 10:39 PM

Quote:

Originally posted by tootie
Most sponsors, especially U.S. sponsors, report your income to the government. I'm going to file even though I wish to god I didn't have to. I have kids, I can't risk going to prison no matter how slight the risk.

I am F-U-C-K-E-D when tax time comes. I made a boat load of money earlier in the year and now my income has all but DIED. I didn't save money for taxes because I had a ton of unpaid bills from the past several years and I was paying for content and a server and software and such. I thought I would make enough money during the first part of the year to pay for my taxes, but it's not looking too promising.

I am planning to save 40% of what I make next year to cover next year's taxes, but I don't see how I can do that when I'm going to be making huge payments to the government for THIS years taxes and right now I'm just barely making enough to stay afloat as it is. I have NOTHING left for taxes, but I have to do something.

I've learned the hard way that you HAVE to plan ahead. You HAVE to plan for slumps. You HAVE to prepare for the worst.

We are going to try to incorporate for next year, but it's too late for this year and I just don't know what we're going to do. So learn from my mistake and keep records, save money and FILE!

That has happened to a lot of people.. it happened to me in 2000. Are you going to try and make payments to the gov?

tootie · 12-26-2003, 10:44 PM

Quote:

Originally posted by inthestars

That has happened to a lot of people.. it happened to me in 2000. Are you going to try and make payments to the gov?

Yes. I'm going to try to work something out. If I can't work out something reasonable there is a tax attorney that advertises on TV here that claims he can settle tax debts for pennies on the dollar. I hope that's true. LOL

Kimmykim · 12-26-2003, 10:48 PM

Quote:

Originally posted by superweb
Move outside the US, or found an offshore company. Czech govt has no chance to find out how much money I earned from US sponsors & absolutely no chance to find out how much I've withdrawed from my epassporte card.

Let's not drag ePassporte into this, we in no way condone or have anything to do with anyone's tax situation.

inthestars · 12-26-2003, 10:54 PM

Quote:

Originally posted by Raven
The IRS is now categorising Internet businesses.

Whether you're service oriented or whatever, there are now identifiers.

As an 's' corp, we itemise everything...from coffee to toilet paper...since our office is in our home, we get to deduct a percentage of our living space and the food we buy....paper towels, office supplies...etc...

Get a good tax preparer..doesn't have to cost an arm and a leg..but, if not incorporated..paying sole proprietorship is the highest of the tax brackets.....

There's no escape from taxes. Sooner or later, the IRS finds you; and, while they seem to be kindler and gentler, they still want what they think is theirs.

When did they start categorizing Internet businesses? That's interesting.. a few months ago, they were after me over my 2001 return till I proved them wrong..

Chris · 12-26-2003, 11:00 PM

Okay i skimmed thru this thread and I dont think this question has be answered yet...

What about the people who are not even making 1k a month in adult ? But have a regular 9-5 job that gets taxed? Should they even mention the less than 1k a month income they are getting ?

Mishi · 12-26-2003, 11:04 PM

Quote:

Originally posted by JupZChris
Okay i skimmed thru this thread and I dont think this question has be answered yet...

What about the people who are not even making 1k a month in adult ? But have a regular 9-5 job that gets taxed? Should they even mention the less than 1k a month income they are getting ?

Here's the simple answer: YES.

Chris · 12-26-2003, 11:05 PM

Quote:

Originally posted by Mishi

Here's the simple answer: YES.

Hmm should be intresting for me. As this is my first full year of adult and I have no clue how much i hvae made... I think i've pulled in a good 300-400 a week though

matty · 12-27-2003, 03:17 AM

Quote:

Originally posted by Apollo
With a good accountant and a decent tax lawyer taxes will be a worry of the past. without worries of tax evasion charges as well =)

what he said...

Paul Markham · 12-27-2003, 03:22 AM

We have to pay taxesd on our years earnings. I thought it had been a slow year, but just been told to go spend money fast.

The system for corperations here is simple, you pay a third of all your profits. Which is nice, just need to spend some more money. Any sensible ideas?

Furious_Female · 12-27-2003, 04:17 AM

1-) Get an accountant. They aren't nearly as expensive as people think they are. I don't know why anyone would WANT to do their taxes on their own. My accountant, he's been in the family for over 20 years, charges me $25 bucks for any amount of work he has to do for my income. I write off as much as I possibly can. My office is home so I have things like my phone lines, electric bills, ISP bills etc as write offs, because they are all business expenses.

2-) Don't try to evade anything. Instead try to reduce it as much as possible. Save all of your check stubs from sponsors, all of your receipts for purchases you made throughout the year. You can find ways to write off anything and everything, if you can prove it's business related. Ink cartridge for your printer? Receipt? Write off. Gas driving to the store to pick up office supplies? Write off. Take a client/business associate out to lunch? Write off. Little things like that... it's all business related.

If you don't have the lump sum to pay the IRS, they are more than flexible with monthly or quarterly payments. Even if you are a year or 2 behind on taxes, you can pay your fines and work out payment arrangements. Paying taxes SUCKS but work with what you have. If it costs you money and you use it for work or in your work enviroment, you have oodles of wonderful little write offs. Every dollar adds up.

I do not feel one ounce of remorse for finding as many income tax deductions as I can, because of the nonstop taxation on everyday purchases I make, more than contributes to the government and state.

AllisonWonderland · 01-01-2004, 04:03 PM

Quote:

Originally posted by AvsTgp
Best way is to incorporate,
have yourself as an employee of the company getting payed a small salary.
have the income taxes deducted automatic (i.e.for $500 a week a single person would be left with 382 )
have the corp pay for all your expenses food dinner, rent etc. whatever you could deduct as a business expense.
But its very important to have the corporation it leaves you in the clear for a host of problems.

Incorporation isn't the best choice for everyone, you should consult with a tax advisor for your individiual situation. And good luck with passing off your daily food and rent as business deductions. Regardless of whether a corp. or an individual pays them, they aren't valid business deductions.

junction · 01-01-2004, 04:55 PM

Multi Corporation Strategy is how I avoid paying a lot of tax.

KCat · 01-01-2004, 05:11 PM

As much as I hate paying taxes, I'm very grateful that I pay as little as I do. With all of the deductions you can claim on your computer equipment, a portion of your mortgage...we're so much better off than people working 9-5. By the time I stashed some cash in RRSPs last year, I paid half of what I would of in my old job.

avion · 01-01-2004, 05:27 PM

Quote:

Originally posted by sweandy
It's like any other business. If you're serious you run it serious.

true

inthestars · 01-01-2004, 06:24 PM

Quote:

Originally posted by JupZChris
Okay i skimmed thru this thread and I dont think this question has be answered yet...

What about the people who are not even making 1k a month in adult ? But have a regular 9-5 job that gets taxed? Should they even mention the less than 1k a month income they are getting ?

I think those people should pay taxes,you never know when it can come back to haunt you. But I do think those people should look for each and every dediction possible.

TheJimmy · 01-01-2004, 06:25 PM

Quote:

Originally posted by PersianKitty
I like to sleep comfortably at night.

amen to that!

xxxoutsourcing · 01-01-2004, 06:28 PM

who's taxes

Mr.Fiction · 01-01-2004, 06:39 PM

Who do you think is going to protect you from Bin Laden if you don't pay taxes?

The U.S. military doesn't work for free.

Jedimaster · 01-01-2004, 06:40 PM

Quote:

Originally posted by MattO
I'm reporting every cent. Even shit like the CEVault points won on their radio show.

And I'm deducting every little fucking thing I can.

My best friend is a CPA and is hooking me up.

My friend since childhood is partner is some big firm,,he does my taxes for free,,,plus he gets everything written off,,including my dog,,,thats right,,,all my dog's expenses are deducted for 'security purposes'

bigdog · 01-14-2004, 09:15 PM

Quote:

Originally posted by Jedimaster

My friend since childhood is partner is some big firm,,he does my taxes for free,,,plus he gets everything written off,,including my dog,,,thats right,,,all my dog's expenses are deducted for 'security purposes'

haha that shit might bite you in the ass later

cosis · 01-14-2004, 09:22 PM

Quote:

Originally posted by Jedimaster

My friend since childhood is partner is some big firm,,he does my taxes for free,,,plus he gets everything written off,,including my dog,,,thats right,,,all my dog's expenses are deducted for 'security purposes'

Explain that one to the IRS

12-26-2003, 02:32 PM	#53
progex Confirmed User Join Date: Dec 2002 Posts: 405	I obviously don't earn enough income to be eligible for taxes, but when you do file for taxes, will you have to put down what you do for a living? In other words, is it possible for you to file your taxes without a trace of anything adult-related? __________________ Putting on the money hat Veteran Adult Webmaster Playa ... Since Feb 2001

12-26-2003, 05:15 PM	#57
Sean revolutionforce.com Industry Role: Join Date: Jun 2003 Location: i moved from an ICQ box to a Skype box. left the skype box for a telegram box Posts: 2,909	i do pay my tax, i might not like some of it.. but i would not vote if i didnt pay tax also __________________ -sean skype: sean.a.christian sean @ revolutionforce.com

12-26-2003, 10:27 PM	#64
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	The IRS is now categorising Internet businesses. Whether you're service oriented or whatever, there are now identifiers. As an 's' corp, we itemise everything...from coffee to toilet paper...since our office is in our home, we get to deduct a percentage of our living space and the food we buy....paper towels, office supplies...etc... Get a good tax preparer..doesn't have to cost an arm and a leg..but, if not incorporated..paying sole proprietorship is the highest of the tax brackets..... There's no escape from taxes. Sooner or later, the IRS finds you; and, while they seem to be kindler and gentler, they still want what they think is theirs. __________________ Raven ~RETIRED~

12-26-2003, 11:00 PM	#70
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	Okay i skimmed thru this thread and I dont think this question has be answered yet... What about the people who are not even making 1k a month in adult ? But have a regular 9-5 job that gets taxed? Should they even mention the less than 1k a month income they are getting ? __________________ [email protected]

12-27-2003, 03:22 AM	#74
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	We have to pay taxesd on our years earnings. I thought it had been a slow year, but just been told to go spend money fast. The system for corperations here is simple, you pay a third of all your profits. Which is nice, just need to spend some more money. Any sensible ideas? __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

12-26-2003, 04:37 PM	#55
AllisonWonderland Confirmed User Join Date: Mar 2002 Location: oHIo Posts: 248	We are registered as an LLC, and chose the option to be taxed as a partnership. We have a kick-ass accountant who keeps us legal with our deductions (and he reminds us of deductions we didn't think of), so we have 2 returns prepared - our personal joint return and a separate return for our LLC. We have had a loss each year, thanks to the business deductions, and the loss carries over to our personal return. Our LLC income increases each year (along with our deductions), so we can argue a profit motive in the slight chance we ever get audited. It's not worth the worry not to do it right, and the tax laws allow you enough deductions that there's no reason you can't minimize your taxes.

12-26-2003, 04:38 PM	#56
axelcat Adult Locals Join Date: Jun 2002 Location: West Coast Posts: 25,450	Everyone in the us pays taxes

12-26-2003, 06:21 PM	#59
AvsTgp Confirmed User Join Date: Aug 2003 Posts: 318	Best way is to incorporate, have yourself as an employee of the company getting payed a small salary. have the income taxes deducted automatic (i.e.for $500 a week a single person would be left with 382 ) have the corp pay for all your expenses food dinner, rent etc. whatever you could deduct as a business expense. But its very important to have the corporation it leaves you in the clear for a host of problems.

12-26-2003, 07:18 PM	#60
cosis Confirmed User Industry Role: Join Date: Aug 2001 Location: Beach Posts: 5,283	haha you idiots better pay your taxes or they will make your life a living hell

12-26-2003, 07:55 PM	#61
mr rick Confirmed User Join Date: Apr 2003 Posts: 104	I would if you have assets to protect. Tax liens will fuck you up.

12-26-2003, 10:34 PM	#65
shermo Guest Posts: n/a	Always report...But be smart in how you run your business. Having an LLC or an S-Corp is the smart way to go. This seperates your personal self from your business, and if something goes haywire, it's not your personal self getting fucked (so to speak). Write off what you can, take biz trips and enjoy some nice perks...If you don't spend it on "business items", The IRS will get it anyways. Also....ALWAYS plan! If you don' plan for a year and you spend the next year paying it off, you'll be stuck in a vicious circle, swimming in a sea of debt for the rest of your life.

12-27-2003, 04:17 AM	#75
Furious_Female Confirmed User Industry Role: Join Date: Oct 2002 Location: Upstate, New York Posts: 8,187	1-) Get an accountant. They aren't nearly as expensive as people think they are. I don't know why anyone would WANT to do their taxes on their own. My accountant, he's been in the family for over 20 years, charges me $25 bucks for any amount of work he has to do for my income. I write off as much as I possibly can. My office is home so I have things like my phone lines, electric bills, ISP bills etc as write offs, because they are all business expenses. 2-) Don't try to evade anything. Instead try to reduce it as much as possible. Save all of your check stubs from sponsors, all of your receipts for purchases you made throughout the year. You can find ways to write off anything and everything, if you can prove it's business related. Ink cartridge for your printer? Receipt? Write off. Gas driving to the store to pick up office supplies? Write off. Take a client/business associate out to lunch? Write off. Little things like that... it's all business related. If you don't have the lump sum to pay the IRS, they are more than flexible with monthly or quarterly payments. Even if you are a year or 2 behind on taxes, you can pay your fines and work out payment arrangements. Paying taxes SUCKS but work with what you have. If it costs you money and you use it for work or in your work enviroment, you have oodles of wonderful little write offs. Every dollar adds up. I do not feel one ounce of remorse for finding as many income tax deductions as I can, because of the nonstop taxation on everyday purchases I make, more than contributes to the government and state. __________________ Skype: j3nn.com ICQ 160370494 My current favorite high-converting sponsor: CrakRevenue

01-01-2004, 04:55 PM	#77
junction Confirmed User Industry Role: Join Date: Dec 2002 Location: Midwest Posts: 2,411	Multi Corporation Strategy is how I avoid paying a lot of tax.

01-01-2004, 05:11 PM	#78
KCat Confirmed User Join Date: Sep 2002 Location: PNW Posts: 2,204	As much as I hate paying taxes, I'm very grateful that I pay as little as I do. With all of the deductions you can claim on your computer equipment, a portion of your mortgage...we're so much better off than people working 9-5. By the time I stashed some cash in RRSPs last year, I paid half of what I would of in my old job.

01-01-2004, 06:28 PM	#82
xxxoutsourcing Confirmed User Join Date: Oct 2003 Posts: 3,888	who's taxes __________________ xxxoutsourcing.com ICQ:119936 \| Aim:xxxoutsourcing \| MSN:msn@ xxxoutsourcing.com \| Yahoo:xxxoutsourcing Submitters, Designers, Programmers, Cartoonist, Creative Writers, Video & Photo Editors Convert your Paysite into a cartoon site convert2toons.com

01-01-2004, 06:39 PM	#83
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	Who do you think is going to protect you from Bin Laden if you don't pay taxes? The U.S. military doesn't work for free. __________________ Don't be lazy, protect free speech: ACLU \| Free Speech Coalition \| EFF \| IMPA