Taxes: I owe the IRS more than most of you..... - GoFuckYourself.com

Amp · 04-14-2006, 03:58 PM

make in a fucking year.

Sly · 04-14-2006, 04:01 PM

I never understood why people brag about how much they pay in taxes. That just means your accountant sucks.

Amp · 04-14-2006, 04:02 PM

Quote:

Originally Posted by Sly

I never understood why people brag about how much they pay in taxes. That just means your accountant sucks.

my (overpriced) accountant is fantastic..... I'm not complaining at all.
To owe the Fed $41k is a GOOD thing.

AdPatron · 04-14-2006, 04:04 PM

Quote:

Originally Posted by Amp

my (overpriced) accountant is fantastic..... I'm not complaining at all.
To owe the Fed $41k is a GOOD thing.

$41K = $3.4K per month... You're probably right, I'm sure some here don't make that.

Amp · 04-14-2006, 04:05 PM

Quote:

Originally Posted by JoesTraffic

$41K = $3.4K per month... You're probably right, I'm sure some here don't make that.

I would advise you to NEVER go into the accounting business..... lol

gregtx · 04-14-2006, 04:10 PM

aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less..

dissipate · 04-14-2006, 04:11 PM

Quote:

Originally Posted by gregtx

aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less..

You can't write off drugs and booze

It would be nice though.

V_RocKs · 04-14-2006, 04:11 PM

Quote:

Originally Posted by gregtx

aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less..

Uh.. he makes a bit more than $180K

V_RocKs · 04-14-2006, 04:12 PM

Quote:

Originally Posted by dissipate

You can't write off drugs and booze

Sure you can, throw a party. Wrap up the expense into another invoice.

gregtx · 04-14-2006, 04:13 PM

Quote:

Originally Posted by V_RocKs

Uh.. he makes a bit more than $180K

AGI.... adjusted gross income ;)

Amp · 04-14-2006, 04:14 PM

Quote:

Originally Posted by gregtx

aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less..

not even close.

gregtx · 04-14-2006, 04:15 PM

loll. silly to brag about paying taxes.. and not even understand what an AGI is...

Amp · 04-14-2006, 04:18 PM

Quote:

Originally Posted by gregtx

loll. silly to brag about paying taxes.. and not even understand what an AGI is...

I pay people to understand that shit for me.

detoxed · 04-14-2006, 04:22 PM

LOL I paid an almost identical amount....... it makes me feel dirty

gregtx · 04-14-2006, 04:23 PM

Quote:

Originally Posted by Amp

I pay people to understand that shit for me.

hehe.. cool cool.. but they should also help you find ways to shelter more of the income.. a "good" finaicial advisor would/coudl also help if you don't already have one..

but if you are already taking advantage of all of those tax deductible vehicles.. than thats great

Amp · 04-14-2006, 04:24 PM

Quote:

Originally Posted by gregtx

hehe.. cool cool.. but they should also help you find ways to shelter more of the income.. a "good" finaicial advisor would/coudl also help if you don't already have one..

they're sheltering as much as possible already..... we keep in daily touch.

VicD · 04-14-2006, 04:26 PM

Quote:

Originally Posted by JoesTraffic

$41K = $3.4K per month... You're probably right, I'm sure some here don't make that.

I don't make it

Fred Quimby · 04-14-2006, 04:26 PM

I just wrote off 4k for my dogs/security system

gregtx · 04-14-2006, 04:26 PM

Quote:

Originally Posted by Amp

they're sheltering as much as possible already..... we keep in daily touch.

Accountants normally don't do finance.. but hey.. if they do both .. great

Furious_Male · 04-14-2006, 04:26 PM

I bet most of it is social security as well. I get blasted every year on SS Taxes. I just formed an S corp to help reduce that immensely.

seeric · 04-14-2006, 04:27 PM

i could find a way to write off drugs

Amp · 04-14-2006, 04:28 PM

Quote:

Originally Posted by Furious_Male

I bet most of it is social security as well. I get blasted every year on SS Taxes. I just formed an S corp to help reduce that immensely.

I don't pay SS.

(high priced accountants get you out of that.)

gregtx · 04-14-2006, 04:28 PM

Quote:

Originally Posted by Furious_Male

I bet most of it is social security as well. I get blasted every year on SS Taxes. I just formed an S corp to help reduce that immensely.

yeah.. being an independent contractor does suck on paying SS... that is why it is sometimes nice to work for someone who pays a portion of that for you... luckily you only have to pay SS tax on your first $90K

MattO · 04-14-2006, 04:30 PM

I paid more than that for my gold leaf toilet paper.

gregtx · 04-14-2006, 04:30 PM

Quote:

Originally Posted by Amp

I don't pay SS.

(high priced accountants get you out of that.)

lol BRo.. you may want to look for a new Tax Accountant... either you are paying into SS.. or your corp is.. but you cannot NOT pay SS taxes "legally"..

Furious_Male · 04-14-2006, 04:30 PM

Quote:

Originally Posted by Amp

I don't pay SS.

(high priced accountants get you out of that.)

Well you dont need a high price accountant to get out of it. Form an S corp and take a small salary. You only pay SS taxes on the salary.

If you aren't paying ANY SS Taxes I would love to find out the loop hole around that.

Young · 04-14-2006, 04:30 PM

this was original.

gregtx · 04-14-2006, 04:31 PM

Quote:

Originally Posted by A1R3K

i could find a way to write off drugs

haha.. if it exceeds like 20% of your annual income.. that would be classic...

luv$ · 04-14-2006, 04:32 PM

Quote:

Originally Posted by MattO

I paid more than that for my gold leaf toilet paper.

Amp · 04-14-2006, 04:34 PM

do you people think I'm stupid or something?

I've been doing this shit for years. I pay my accountant a ridiculous amount of money..... but they SAVE me 5 times that amount.
I'm not making shit up here..... this is fact. And if you're getting fucked on your taxes, perhaps it's time you did some shopping for a new accountant.

I'm certainly not about to lay out my books here for the last 10 years... but I can tell you, they're legal.

gregtx · 04-14-2006, 04:36 PM

Quote:

Originally Posted by Furious_Male

Well you dont need a high price accountant to get out of it. Form an S corp and take a small salary. You only pay SS taxes on the salary.

If you aren't paying ANY SS Taxes I would love to find out the loop hole around that.

you can also set up a SEP and contribute over $40K a year to it.. via this scorp method.. knock down that AGI to $140K.. and less taxes..

Webby · 04-14-2006, 04:36 PM

Quote:

Originally Posted by Sly

I never understood why people brag about how much they pay in taxes.

It's nicer not to pay *any* taxes

Last time I ever paid taxes, it sure as hell was nothing to brag about and cured that by shipping out to a no-tax regime, - and never paid a dime since.

There is a level all that tax shit has to stop.

PS... And the is no need to pay an accountant a dime to "save" on paying!

slapass · 04-14-2006, 04:37 PM

Quote:

Originally Posted by Sly

I never understood why people brag about how much they pay in taxes. That just means your accountant sucks.

My accountant must suck then. Other then business deductions and some retirement stuff there is not big thing that allows you shelter tons of income that i have found. Feel free to enlighten me as I got hosed this year.

gregtx · 04-14-2006, 04:39 PM

Quote:

Originally Posted by Amp

do you people think I'm stupid or something?

I've been doing this shit for years. I pay my accountant a ridiculous amount of money..... but they SAVE me 5 times that amount.
I'm not making shit up here..... this is fact. And if you're getting fucked on your taxes, perhaps it's time you did some shopping for a new accountant.

I'm certainly not about to lay out my books here for the last 10 years... but I can tell you, they're legal.

I dont' think anyone is calling anyone names.. just stating tax facts.. you cannot NOT pay into Social Security..... if your guy found some way to avoid this.. it could come back to kick ya in the ass later on if you were to get audited...

think about it.. if it was possible no one would still be paying into SS .. lol

anne · 04-14-2006, 04:40 PM

Taxes are so unfair. The more you make the more you pay. There should be a nice tax break for anyone in porn. I mean come on we are trying to provide a service arent all the men that buy this stuff happier because of us. I woudl say that is community service

Amp · 04-14-2006, 04:40 PM

Quote:

Originally Posted by gregtx

I dont' think anyone is calling anyone names.. just stating tax facts.. you cannot NOT pay into Social Security..... if your guy found some way to avoid this.. it could come back to kick ya in the ass later on if you were to get audited...

think about it.. if it was possible no one would still be paying into SS .. lol

ok fine..... yes. I do pay into SS...... but BARELY.
(you caught me okay.)

V_RocKs · 04-14-2006, 04:43 PM

Quote:

Originally Posted by slapass

My accountant must suck then. Other then business deductions and some retirement stuff there is not big thing that allows you shelter tons of income that i have found. Feel free to enlighten me as I got hosed this year.

You know how people say you cannot do this or that?

That is so people like you pay my taxes ;)

You really should find a new tax man.

PimpDaddyPants · 04-14-2006, 04:43 PM

i agree with amp

PimpDaddyPants · 04-14-2006, 04:44 PM

expensive accountants can do wonders these days

gregtx · 04-14-2006, 04:46 PM

Quote:

Originally Posted by PimpDaddyPants

expensive accountants can do wonders these days

LMFAO.. yeah just ask Jeff Skilling and Ken Lay about that..

gregtx · 04-14-2006, 04:47 PM

Amp.. congrats on getting your taxes filed before monday.. I'm sure you will enjoy your weekend that much more..

i'm off to enjoy my weekend..

venus · 04-14-2006, 04:56 PM

I was up in that area at one time, but I found out that I needed a business car, an office that I haven't been in in more then 2 months, a second business (breeding horses).. you run the second business as a hobby business and not as a second entity, that way it reduces your personal taxes, since my corporation pays no taxes and I only pay taxes on my personal income, finding ways to reduce the personal taxes is hard, but with some creativity its posible to get it down and keep more of your own money.

Quote:

Originally Posted by Amp

my (overpriced) accountant is fantastic..... I'm not complaining at all.
To owe the Fed $41k is a GOOD thing.

Alex · 04-14-2006, 04:58 PM

Quote:

Originally Posted by Amp

I would advise you to NEVER go into the accounting business..... lol

You are a fucking idiot.
He just agreed with you, or did that basic math go WAY over your head.

bigdog · 04-14-2006, 05:01 PM

Quote:

Originally Posted by gregtx

aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less..

curious how did you come up with the 180k amount?

Peaches · 04-14-2006, 05:01 PM

Ah, then Amp doesn't make anywhere near what he acts like he makes. How much did your girlfriend pay in taxes? ;)

thonglife · 04-14-2006, 05:08 PM

Quote:

Originally Posted by Amp

make in a fucking year.

I never file

crockett · 04-14-2006, 05:20 PM

Quote:

Originally Posted by Sly

I never understood why people brag about how much they pay in taxes. That just means your accountant sucks.

It's the small penis syndrome..

Swanks · 04-14-2006, 05:32 PM

Alcohol = Stupid Decisions!!

Azlord · 04-14-2006, 05:34 PM

Quote:

Originally Posted by Amp

make in a fucking year.

(off subject)
Would you be willing to share you font Library? You make some good font choices.

EdgeXXX · 04-14-2006, 05:36 PM

That sucks. I don't owe them a damn thing, thanks to write-offs.

04-14-2006, 03:58 PM	#1
Amp So Fucking Banned Join Date: Nov 2001 Location: Maui Posts: 1,661	Taxes: I owe the IRS more than most of you..... make in a fucking year.

04-14-2006, 04:01 PM	#2
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,330	I never understood why people brag about how much they pay in taxes. That just means your accountant sucks. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available Great for TSS, Nifty Stats, remote work, virtual assistants, etc. Click here for more details.

04-14-2006, 04:10 PM	#6
gregtx Confirmed User Industry Role: Join Date: Jan 2002 Location: Dallas, TX Posts: 1,929	aren't you an Independent contractor??? with a $41k tax bill your AGI is around $180k... i'd be finding more things to reduce that amount.. and pay less.. __________________ Processing Partners http://www.processingpartners.com

04-14-2006, 04:15 PM	#12
gregtx Confirmed User Industry Role: Join Date: Jan 2002 Location: Dallas, TX Posts: 1,929	loll. silly to brag about paying taxes.. and not even understand what an AGI is... __________________ Processing Partners http://www.processingpartners.com

04-14-2006, 04:26 PM	#18
Fred Quimby Confirmed User Join Date: Jul 2004 Location: Long Island, NY Posts: 5,430	I just wrote off 4k for my dogs/security system __________________

04-14-2006, 04:22 PM	#14
detoxed vip member Join Date: Jan 2003 Posts: 17,798	LOL I paid an almost identical amount....... it makes me feel dirty

04-14-2006, 04:26 PM	#20
Furious_Male Doing the grind since 99 Industry Role: Join Date: Oct 2003 Location: Buffalo NY Posts: 16,881	I bet most of it is social security as well. I get blasted every year on SS Taxes. I just formed an S corp to help reduce that immensely. __________________ Living in Virtual Reality Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

04-14-2006, 04:27 PM	#21
seeric .......... Industry Role: Join Date: Aug 2004 Location: .......... Posts: 41,917	i could find a way to write off drugs

04-14-2006, 04:30 PM	#24
MattO The O is for Oohhh Join Date: Feb 2003 Location: AUSTIN TEJAS Posts: 10,861	I paid more than that for my gold leaf toilet paper.

04-14-2006, 04:30 PM	#27
Young Bland for life Industry Role: Join Date: Nov 2004 Posts: 10,468	this was original. __________________ ★★★

04-14-2006, 04:34 PM	#30
Amp So Fucking Banned Join Date: Nov 2001 Location: Maui Posts: 1,661	do you people think I'm stupid or something? I've been doing this shit for years. I pay my accountant a ridiculous amount of money..... but they SAVE me 5 times that amount. I'm not making shit up here..... this is fact. And if you're getting fucked on your taxes, perhaps it's time you did some shopping for a new accountant. I'm certainly not about to lay out my books here for the last 10 years... but I can tell you, they're legal.

04-14-2006, 04:40 PM	#35
anne Confirmed User Join Date: Dec 2002 Location: In the Woods Posts: 1,149	Taxes are so unfair. The more you make the more you pay. There should be a nice tax break for anyone in porn. I mean come on we are trying to provide a service arent all the men that buy this stuff happier because of us. I woudl say that is community service __________________ MooCash Get some MooLa email: [email protected] icq 116496347

04-14-2006, 04:43 PM	#38
PimpDaddyPants Confirmed User Join Date: Aug 2005 Location: USA Posts: 1,581	i agree with amp

04-14-2006, 04:44 PM	#39
PimpDaddyPants Confirmed User Join Date: Aug 2005 Location: USA Posts: 1,581	expensive accountants can do wonders these days

04-14-2006, 04:47 PM	#41
gregtx Confirmed User Industry Role: Join Date: Jan 2002 Location: Dallas, TX Posts: 1,929	Amp.. congrats on getting your taxes filed before monday.. I'm sure you will enjoy your weekend that much more.. i'm off to enjoy my weekend.. __________________ Processing Partners http://www.processingpartners.com

04-14-2006, 05:01 PM	#45
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	Ah, then Amp doesn't make anywhere near what he acts like he makes. How much did your girlfriend pay in taxes? ;)

04-14-2006, 05:36 PM	#50
EdgeXXX Confirmed User Join Date: Nov 2005 Location: Secretely plotting a hostile takeover Posts: 5,816	That sucks. I don't owe them a damn thing, thanks to write-offs. __________________ . . . . I have a sig