make in a fucking year.
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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
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my (overpriced) accountant is fantastic..... I'm not complaining at all.Originally posted by Sly
To owe the Fed $41k is a GOOD thing.Comment
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Originally posted by Amp
$41K = $3.4K per month... You're probably right, I'm sure some here don't make that.Comment
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I would advise you to NEVER go into the accounting business..... lolOriginally posted by JoesTrafficComment
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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.comComment
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Originally posted by gregtx
You can't write off drugs and booze
It would be nice though.
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Originally posted by gregtx
Uh.. he makes a bit more than $180KComment
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Sure you can, throw a party. Wrap up the expense into another invoice.Originally posted by dissipateYou can't write off drugs and boozeComment
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Originally posted by V_RocKs
AGI.... adjusted gross income ;)Processing Partners http://www.processingpartners.comComment
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not even close.Originally posted by gregtxComment
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loll. silly to brag about paying taxes.. and not even understand what an AGI is...Processing Partners http://www.processingpartners.comComment
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I pay people to understand that shit for me.Originally posted by gregtxComment
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LOL I paid an almost identical amount....... it makes me feel dirtyComment
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Originally posted by Amp
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
Last edited by gregtx; 04-14-2006, 03:25 PM.Processing Partners http://www.processingpartners.comComment
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Originally posted by gregtxhehe.. 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.Comment
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I don't make itOriginally posted by JoesTraffic
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I just wrote off 4k for my dogs/security system
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Originally posted by Amp
Accountants normally don't do finance.. but hey.. if they do both .. great
Processing Partners http://www.processingpartners.comComment
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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:shanedwsComment
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i could find a way to write off drugsComment
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Originally posted by Furious_Male
I don't pay SS. (high priced accountants get you out of that.)
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Originally posted by Furious_Male
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 $90KProcessing Partners http://www.processingpartners.comComment
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I paid more than that for my gold leaf toilet paper.Comment
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Originally posted by AmpI 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"..Processing Partners http://www.processingpartners.comComment
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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.Originally posted by AmpI don't pay SS. (high priced accountants get you out of that.)
If you aren't paying ANY SS Taxes I would love to find out the loop hole around that.Living in Virtual Reality
Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedwsComment
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this was original.★★★
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Originally posted by A1R3K
haha.. if it exceeds like 20% of your annual income.. that would be classic...Processing Partners http://www.processingpartners.comComment
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Originally posted by MattO
Domain Auction - now till 12:01AM on the 2nd...
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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.Comment
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Originally posted by Furious_Male
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..Processing Partners http://www.processingpartners.comComment
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It's nicer not to pay *any* taxesOriginally posted by Sly
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!
Last edited by Webby; 04-14-2006, 03:38 PM.XXX TLD's - Another mosquito to swat.Comment
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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.Originally posted by SlyComment
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Originally posted by Amp
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 .. lolProcessing Partners http://www.processingpartners.comComment
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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 serviceComment
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ok fine..... yes. I do pay into SS...... but BARELY.Originally posted by gregtx
(you caught me okay.)Comment
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You know how people say you cannot do this or that?Originally posted by slapass
That is so people like you pay my taxes ;)
You really should find a new tax man.Comment
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i agree with ampComment
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expensive accountants can do wonders these daysComment
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Originally posted by PimpDaddyPants
LMFAO.. yeah just ask Jeff Skilling and Ken Lay about that..
Processing Partners http://www.processingpartners.comComment
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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.comComment
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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.
Originally posted by AmpMuscle/Fitness Adult Affiliate Program
Since 1997 www.venuscash.comComment
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Originally posted by Amp
You are a fucking idiot.
He just agreed with you, or did that basic math go WAY over your head.Care about me?
Who?
Me!
Who?Comment
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curious how did you come up with the 180k amount?Originally posted by gregtxComment
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Ah, then Amp doesn't make anywhere near what he acts like he makes. How much did your girlfriend pay in taxes? ;)Comment
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I never fileOriginally posted by AmpComment
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It's the small penis syndrome..Originally posted by SlyIn November, you can vote for America's next president or its first dictator.Comment
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Alcohol = Stupid Decisions!!Originally posted by wiredguyComment
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(off subject)Originally posted by Amp
Would you be willing to share you font Library? You make some good font choices.Comment
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That sucks. I don't owe them a damn thing, thanks to write-offs..
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I have a sigComment
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