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

make in a fucking year.

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.

$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

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 :disgust

It would be nice though. :pimp

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

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

AGI.... adjusted gross income ;)

not even close.

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

I pay people to understand that shit for me.

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

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 :)

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

I don't make it :)

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

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

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 could find a way to write off drugs

I don't pay SS. :) (high priced accountants get you out of that.)

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

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

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"..

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.

this was original.

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

:1orglaugh :1orglaugh :1orglaugh

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.

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..

It's nicer not to pay *any* taxes :thumbsup

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! :1orglaugh

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.

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

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

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

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.

i agree with amp

expensive accountants can do wonders these days

LMFAO.. yeah just ask Jeff Skilling and Ken Lay about that.. :1orglaugh