Do you pay taxes?

[Randall Creed]

If wealthy fucks paid their taxes like they SHOULD, this country would be better off. Bastards making $100M a year yet somehow manage to pay less in taxes than yahoos making $100,000. The same types who run corporations do the same shit. They search for and exploit loopholes, with the cooperation of our pussified government, they don't pay shit.

Y'all gotta quit blaming poor people for shit. They claw to survive every day while these wealthy bastards drain this country dry. Then they convince you confused fucks that it's the 'lazy' people in poverty fucking everything up for us. If you saw what these fools get away with, you'd want to kill every one of them.

Originally Posted by ugotme10

The average American is wealthier than 50% of the worlds population.

It's a two-way street. The cost of living in America is high as hell, higher than most countries. Besides, what options do Americans have? It's not like most of us can afford to move out of the country.

[jma9]

Originally Posted by Randall Creed

If wealthy fucks paid their taxes like they SHOULD, this country would be better off. Bastards making $100M a year yet somehow manage to pay less in taxes than yahoos making $100,000. The same types who run corporations do the same shit. They search for and exploit loopholes, with the cooperation of our pussified government, they don't pay shit.

Y'all gotta quit blaming poor people for shit. They claw to survive every day while these wealthy bastards drain this country dry. Then they convince you confused fucks that it's the 'lazy' people in poverty fucking everything up for us. If you saw what these fools get away with, you'd want to kill every one of them.




It's a two-way street. The cost of living in America is high as hell, higher than most countries. Besides, what options do Americans have? It's not like most of us can afford to move out of the country.

They wealthy fucks do pay their taxes like they should; its the wealthy that pays more than 90% of the total income taxes collected...and that's less than 25% of the population. Almost half the population has no income tax liability and some even receive money (negative percentage income tax) from the government. You need to stop listening to Bernie Sanders and do a little research of your own.

[Randall Creed]

Lmao!!

You're funny.

[jma9]

Originally Posted by Randall Creed

Lmao!!

You're funny.

I'll accept this as your way of not knowing how to respond.


Back on topic...


Everyone should file tax returns. Claim some kind of income, even if its not everything. Years of not filing income taxes will cause red flags when you someday do file. The IRS Nazi's can really be persistent little shits and find out about all the credit cards, automobile loans and even rent paid for apartments/houses...when they do they'll ask you how you paid for all that stuff.

[Gotyour6]

Originally Posted by Randall Creed

If wealthy fucks paid their taxes like they SHOULD, this country would be better off. Bastards making $100M a year yet somehow manage to pay less in taxes than yahoos making $100,000. The same types who run corporations do the same shit. They search for and exploit loopholes, with the cooperation of our pussified government, they don't pay shit.

Y'all gotta quit blaming poor people for shit. They claw to survive every day while these wealthy bastards drain this country dry. Then they convince you confused fucks that it's the 'lazy' people in poverty fucking everything up for us. If you saw what these fools get away with, you'd want to kill every one of them.



It's a two-way street. The cost of living in America is high as hell, higher than most countries. Besides, what options do Americans have? It's not like most of us can afford to move out of the country.

You have got to be kidding me.

Do you know how I know you know nothing about what you are talking about?

I have to file quarterly and I pay a shit ton of taxes.
The one thing that will make a company go under in this country is high taxes. They will and do cripple places.

Did you know that a business will determine if they can hire the following year due to the taxes they have to pay the previous year?
There are no loop holes, write offs as you think they are, are not what you think they are.


Do you know the research involved a company has to do to keep millions of people working?

You know nothing and you watch a lot of T.V..

[Randall Creed]

Tweedle dee and tweedle dum.

I guess you both speak for all wealthy people.

Btw, the 'game' they play is coming and making asinine arguments about wealthy overpaying.

For example, let's use the math involving a small sample of 100 people. If, say, the top 3 out of 100 makes more money than the 90 lowest COMBINED, they SHOULD pay more taxes. I.e., Suzy the cashier, who makes $30,000 a year, CAN'T pay $100,000 in taxes because she physically doesn't make that kind of money. But Fred the CEO, who makes $25M a year, CAN pay $100,000 in taxes, easily.

$25M vs $30,000. Oh, gee, who MIGHT have to pay more taxes between the two??? Tough one, here. Can't quite decide...

The lower 90% may combine to make oh, $5M. They, collectively, still can't pay as much in taxes as Mr. CEO.

The Mr. CEO makes $25M a year, but, with loopholes and backdoor handshakes, probably only pays $60-$70,000 in taxes, when he should be paying SEVERAL MILLION.

This is an example of the difference, but these asshats will have you believe differently.

[newalhobbyist]

Admittedly a simplified example: Let us take a business that last year had revenues of ten million dollars, net profit of 1 million dollars and an average tax rate of 25% and a marginal tax rate of 35% on the last two hundred thousand dollars of profit. If they solely used these numbers for a hiring decision, they could save $70,000 in income taxes by hiring someone (that does not generate additional revenue - say, the CEO's son's ATF) and having expenses associated with that hire (salary, insurance, 401(k), other benefits, FICA taxes, overhead, etc, etc) of two hundred thousand dollars. For a profitable organization, one reduces the taxes owed by hiring the additional employee. Of course, this is accomplished by increasing the expenses that reduce the taxable profit. So, one can reduce a large tax bill by hiring more people.

[newalhobbyist]

Remember Mr. Buffett's complaint: His secretary pays income tax at marginal rate in the mid-thirties while earning ~$100,000 while his marginal tax rate tops off around 17%. Since capital gains rate has increased, so has Mr. Buffett's marginal rate but it will still be much lower than his secretary's.

[Gotyour6]

Originally Posted by Randall Creed

Tweedle dee and tweedle dum.

I guess you both speak for all wealthy people.

Btw, the 'game' they play is coming and making asinine arguments about wealthy overpaying.

For example, let's use the math involving a small sample of 100 people. If, say, the top 3 out of 100 makes more money than the 90 lowest COMBINED, they SHOULD pay more taxes. I.e., Suzy the cashier, who makes $30,000 a year, CAN'T pay $100,000 in taxes because she physically doesn't make that kind of money. But Fred the CEO, who makes $25M a year, CAN pay $100,000 in taxes, easily.

$25M vs $30,000. Oh, gee, who MIGHT have to pay more taxes between the two??? Tough one, here. Can't quite decide...

The lower 90% may combine to make oh, $5M. They, collectively, still can't pay as much in taxes as Mr. CEO.

The Mr. CEO makes $25M a year, but, with loopholes and backdoor handshakes, probably only pays $60-$70,000 in taxes, when he should be paying SEVERAL MILLION.

This is an example of the difference, but these asshats will have you believe differently.

You are the one that can't do math.
The percent that a person pays making 30,000 is a lot lower than someone making 25m.

The problem is that the idiot that makes 30,000 a year gets a refund, if they have kids they get welfare in terms of tax credits.

They more than likely get back more in a refund then they paid in.

Ask me the last time I got a refund or tax credit.

[Sarah Renee]

Paying my taxes is how I can afford to buy a new vehicle every year. I have to or pay the same amount to Uncle Sam for taxes.

It is legal to deduct clothing, transportation, office space (since work takes place in my home, the entire house is tax deductible as an employee benefit), travel, I work at least one day on vacation so part of it is deductible, etc... If you have a good accountant they can help you find the loopholes.

Yes I have been audited and passed it without any extra out of pocket. I have yet to pay in because I pay taxes in as if I am an employee and the business has enough deductions to not owe very little much.

[chrisstl]

@Sarah,,, Way to go!! You are very smart .... Self-employed folks can deduct a lot of 'job' related expenses that others can't.

[Sarah Renee]

Originally Posted by chrisstl

@Sarah,,, Way to go!! You are very smart .... Self-employed folks can deduct a lot of 'job' related expenses that others can't.

Anything you use in business is a deduction. I am a deduction queen. When I was married we managed to make over 150,000 a year and still get money back every year while my kids were living at home. Yes I was audited several times and never found to be in error.

Find a good private accountant that is willing to look for the loopholes. You can do the same.

[The Eternal Bachelor]

Originally Posted by Sarah Renee

Paying my taxes is how I can afford to buy a new vehicle every year. I have to or pay the same amount to Uncle Sam for taxes.

It is legal to deduct clothing, transportation, office space (since work takes place in my home, the entire house is tax deductible as an employee benefit), travel, I work at least one day on vacation so part of it is deductible, etc... If you have a good accountant they can help you find the loopholes.

You cannot deduct every day clothing, this would included dresses, lingerie, shoes, makeup, etc. Only specialized clothing or makeup can be claimed as a business expense.

Your entire house cannot be a tax deductible item, only the space you actually use to conduct your business as an escort. It must be 100% business use so if you use the bedroom for personal use when you are not escorting (for example, your sister slept there on a weekend trip to visit you) then that space no longer qualifies as business use.

Originally Posted by Sarah Renee

Yes I have been audited and passed it without any extra out of pocket. I have yet to pay in because I pay taxes in as if I am an employee and the business has enough deductions to not owe very little much.

If you were audited by the IRS and your expenses were not fully or partially disallowed, either the auditor was an idiot or those expense items were not audit issues so they were not considered during the audit.

[msr12077]

It all depends on your comfort level and what makes you sleep at night.

You can remain off the grid and continue paying with cash and prepaid cards but at some point, you might want to think long-term, acquire some property that is going to provide for your retirement, because social security won't and chances are you want have enough cash buried to last forever.

If you're paying an additional 15% for social security tax, I hope you know you can set-up an LLC, which allows you to pay a portion of your income as a distribution, not subject to this tax, as well as allow you with more tax deductions and options to fund your own retirement plan.

[jray]

You might like to know there actually was a recent tax court case where a gentleman was allowed to deduct "some" of what he paid his live in mistress. She helped him with administrative duties for his business in addition to "other" services provided, which were not deductible.