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- - Taxes are so depressing. (https://gfy.com/showthread.php?t=1012793)

lucky482

03-03-2011 09:15 PM

Taxes are so depressing.

Federal income tax
Self employment tax
State tax
City gross receipts tax
---------------------
Government made more than me on my income :(

BJ	03-03-2011 09:18 PM

you're doing it wrong

wdsguy

03-03-2011 09:20 PM

deductions for the win

bronco67

03-03-2011 10:31 PM

I really wish we could do it every 2 years. It's a royal pain in my fucking ass.

SallyRand

03-03-2011 10:45 PM

Quote:

Originally Posted by BJ (Post 17956237)

you're doing it wrong

Yep.

There are hundreds of perfectly legal ways to minimize your tax liability.

djswivle

03-03-2011 10:50 PM

Quote:

Originally Posted by SallyRand (Post 17956352)

Yep.

There are hundreds of perfectly legal ways to minimize your tax liability.

Indeed. Those who don't know need to ask.

SallyRand

03-03-2011 11:00 PM

Quote:

Originally Posted by djswivle (Post 17956361)

Indeed. Those who don't know need to ask.

!00% spot on!

I am not a lawyer, I am not a tax advisor but I do know just a little bit about what corporations can do, especially in terms of what corps can spend money on and have those expenditures be regarded as perfectly legal tax deductions.

There is no corporation that I cannot keep on the verge of bankruptcy and quite legally at that!

k0nr4d

03-03-2011 11:04 PM

We have to square up on taxes every month here...

FreeHugeMovies

03-03-2011 11:29 PM

Self employment tax? I assume you aren't incorporated!

lucky482

03-03-2011 11:52 PM

Quote:

Originally Posted by FreeHugeMovies (Post 17956417)

Self employment tax? I assume you aren't incorporated!

No I am not. I'm looking into setting up an S corp and also solo 401k. Any other advice? Thanks in advance.

theloller

03-04-2011 05:53 AM

i'm looking for advice too, i'm new and obviously i'm not generating any cash, but i'm looking forward.
thanks

Juicy D. Links

03-04-2011 05:59 AM

Quote:

Originally Posted by lucky482 (Post 17956450)

Any other advice?

Get yourself a GOOD accountant.... make sure he is Jewish :pimp

pornguy

03-04-2011 07:03 AM

Just read the damn books. you can reduce it WAYYYY down.

CaptainHowdy

03-04-2011 07:07 AM

SallyRand does my taxes ...

DavidMichaels

03-04-2011 01:48 PM

Obama needs is 100 pound of flesh..

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