taxes - GoFuckYourself.com

Grapesoda · 03-14-2013, 08:40 AM

between the fed and state I paid 43.7% of my net in taxes... you guys?

Rochard · 03-14-2013, 10:29 AM

You must be something wrong. Write off everything... If you work from home you can legally write off a portion of your mortgage and power....

Zeiss · 03-14-2013, 10:48 AM

What taxes?

CurrentlySober · 03-14-2013, 10:49 AM

Quote:

Originally Posted by Zealotry

What taxes?

Same here - Please elaborate?

epitome · 03-14-2013, 10:53 AM

Are you taking advantage of all of the opportunities out there like setting up an LLC but having it treated as an S-Corp so that you can pay yourself a reasonable salary and only have to pay SS/Medicare on the reasonable salary and not your member draws?

Zeiss · 03-14-2013, 10:56 AM

Quote:

Originally Posted by epitome

Are you taking advantage of all of the opportunities out there like setting up an LLC but having it treated as an S-Corp so that you can pay yourself a reasonable salary and only have to pay SS/Medicare on the reasonable salary and not your member draws?

I don't think he can do that unless he clones himself..

just a punk · 03-14-2013, 11:00 AM

Quote:

Originally Posted by grapesoda

between the fed and state i paid 43.7% of my net in taxes... You guys?

6 %

Vendzilla · 03-14-2013, 11:23 AM

Wow, you need a new tax guy

Grapesoda · 03-14-2013, 11:31 AM

Quote:

Originally Posted by CyberSEO

6 %

that's fucking awesome

Grapesoda · 03-14-2013, 11:34 AM

Quote:

Originally Posted by Rochard

You must be something wrong. Write off everything... If you work from home you can legally write off a portion of your mortgage and power....

I stated my 'net' Richard... I have mucho write offs

Grapesoda · 03-14-2013, 11:36 AM

Quote:

Originally Posted by Vendzilla

Wow, you need a new tax guy

using a guy that used to work for the gov... everything thing is on the up and up

fed...
marginal: 28.0%
effective: 36.9%
cal...
marginal: 9.3%
effective: 6.8

just a punk · 03-14-2013, 11:53 AM

Quote:

Originally Posted by Grapesoda

that's fucking awesome

Agree, can't complain on that

+ free medicine and free education (my son is studying at university and he's getting the scholarship from the government just for being a student).

femdomdestiny · 03-14-2013, 12:02 PM

Taxis?

Grapesoda · 03-14-2013, 12:15 PM

Quote:

Originally Posted by CyberSEO

Agree, can't complain on that

+ free medicine and free education (my son is studying at university and he's getting the scholarship from the government just for being a student).

you in the US?

just a punk · 03-14-2013, 12:23 PM

Quote:

Originally Posted by Grapesoda

you in the US?

Fortunately not. I'm in Russia. I love to visit the USA as a tourist but I definitely can't and don't want to live there as a citizen.

SilentKnight · 03-14-2013, 12:54 PM

Quote:

Originally Posted by Vendzilla

Wow, you need a new tax guy

Agreed.

There's a shitload you can write-off as a registered corp. Equipment depreciation (cameras, computers, office equipment, etc), transportation, a percentage of household utilities (if you work from home)...hell, we even wrote off a fibre-optic Xmas tree one year as a studio/photoshoot prop.

RevCanada even allows an annual "corporate retreat" tax write-off (read: vacation) as long as it's x-amount of miles from your home/office...and you merely need to 'discuss' business briefly to qualify it.

We even claim the $800 it costs us to have our corporate year end tax return done.

Sid70 · 03-14-2013, 01:02 PM

Quote:

Originally Posted by CyberSEO

Agree, can't complain on that

+ free medicine and free education (my son is studying at university and he's getting the scholarship from the government just for being a student).

So the only thing to call it heaven in Russian would be this:

Did you get married underaged?

Sid70 · 03-14-2013, 01:05 PM

Quote:

Originally Posted by Grapesoda

using a guy that used to work for the gov... everything thing is on the up and up

fed...
marginal: 28.0%
effective: 36.9%
cal...
marginal: 9.3%
effective: 6.8

Matey, leaving this hardcore math aside, how much would you pocket off the $100 you've earned?

PR_Glen · 03-14-2013, 01:05 PM

Quote:

Originally Posted by Grapesoda

using a guy that used to work for the gov... everything thing is on the up and up

fed...
marginal: 28.0%
effective: 36.9%
cal...
marginal: 9.3%
effective: 6.8

gov accountants are probably the worst ones out there... seriously..

Socks · 03-14-2013, 01:07 PM

It's your right and responsibility to pay as little in taxes as possible under the law.

If you're paying that much in taxes you should probably be spending more on things that could be considered business expenses.

Sid70 · 03-14-2013, 01:07 PM

Quote:

Originally Posted by SilentKnight

Agreed.

There's a shitload you can write-off as a registered corp. Equipment depreciation (cameras, computers, office equipment, etc), transportation, a percentage of household utilities (if you work from home)...hell, we even wrote off a fibre-optic Xmas tree one year as a studio/photoshoot prop.

RevCanada even allows an annual "corporate retreat" tax write-off (read: vacation) as long as it's x-amount of miles from your home/office...and you merely need to 'discuss' business briefly to qualify it.

We even claim the $800 it costs us to have our corporate year end tax return done.

This level of trust between the government and citizens MUST BE fucking EARNED!

Grapesoda · 03-14-2013, 01:17 PM

Quote:

Originally Posted by SilentKnight

Agreed.

There's a shitload you can write-off as a registered corp. Equipment depreciation (cameras, computers, office equipment, etc), transportation, a percentage of household utilities (if you work from home)...hell, we even wrote off a fibre-optic Xmas tree one year as a studio/photoshoot prop.

RevCanada even allows an annual "corporate retreat" tax write-off (read: vacation) as long as it's x-amount of miles from your home/office...and you merely need to 'discuss' business briefly to qualify it.

We even claim the $800 it costs us to have our corporate year end tax return done.

look you guys are avoiding the word 'NET'... believe me, I have mucho write offs...

Grapesoda · 03-14-2013, 01:19 PM

Quote:

Originally Posted by sid70

matey, leaving this hardcore math aside, how much would you pocket off the $100 you've earned?

$56.30

Sid70 · 03-14-2013, 02:20 PM

Quote:

Originally Posted by Grapesoda

$56.30

So even including write offs... you sure you're not in Denmark?

slapass · 03-14-2013, 02:36 PM

Those rates are right if he is making good money.

Grapesoda · 03-14-2013, 02:37 PM

Quote:

Originally Posted by Sid70

So even including write offs... you sure you're not in Denmark?

that's on my net, not my revenue and yes it sucks...

Grapesoda · 03-14-2013, 02:38 PM

Quote:

Originally Posted by slapass

Those rates are right if he is making good money.

what's good money these days? I can't afford a new car.... the accountant told me that a few days ago

JP-pornshooter · 03-14-2013, 03:52 PM

Quote:

Originally Posted by Zealotry

I don't think he can do that unless he clones himself..

yes you can, but i doubt the tax bracket lowers by much, if any.
i have an S corp, pay myself a small salary of which i pay taxes on both ends, both as the employer and as the employee - mucho taxes.
being in california does not help at all..

Zeiss · 03-14-2013, 04:00 PM

Where I live, if you want to start a company you need CEO, accountant and staff, and of course to pay them all.. Otherwise, you can register as an single entrepreneur (sole proprietorship) and that makes you responsible for all profits and debts with everything you possess. If you fail, you might lose everything you have... live in the park, smoke a joint with the zombie hippies, etc.

harvey · 03-14-2013, 04:32 PM

no taxes, just taxis

DWB · 03-14-2013, 05:08 PM

Quote:

Originally Posted by Grapesoda

between the fed and state I paid 43.7% of my net in taxes... you guys?

Thanks to my merciful master and the foreign earned income exclusion, I will be paying zero this year.

Back in the old days African slaves had to give up 100% of what they produced. You're only 56.3% away from being on the same level as they were, minus the beatings and forced breeding of course. But you would still be punished severely if you didn't pay. Kind of crazy if you think about it like that.

Allowing slaves to become free range slaves who choose their own profession was the most brilliant move ever.

slapass · 03-14-2013, 05:12 PM

Quote:

Originally Posted by Grapesoda

what's good money these days? I can't afford a new car.... the accountant told me that a few days ago

You are over 100k a year. Or something really wrong.

Grapesoda · 03-14-2013, 06:12 PM

Quote:

Originally Posted by slapass

You are over 100k a year. Or something really wrong.

yes of course

Grapesoda · 03-14-2013, 06:14 PM

Quote:

Originally Posted by DWB

Thanks to my merciful master and the foreign earned income exclusion, I will be paying zero this year.

Back in the old days African slaves had to give up 100% of what they produced. You're only 56.3% away from being on the same level as they were, minus the beatings and forced breeding of course. But you would still be punished severely if you didn't pay. Kind of crazy if you think about it like that.

Allowing slaves to become free range slaves who choose their own profession was the most brilliant move ever.

well politically I will be forced to be fucked by black men within 2 years...... and Obama is doing the best he can to get that other 53.3%

BareBacked · 03-14-2013, 08:12 PM

Quote:

Originally Posted by DWB

Thanks to my merciful master and the foreign earned income exclusion, I will be paying zero this year.

That only goes up to $92k USD

03-14-2013, 08:40 AM	#1
Grapesoda So Fucking Banned Industry Role: Join Date: Jul 2003 Location: Montana Posts: 46,238	taxes between the fed and state I paid 43.7% of my net in taxes... you guys?

03-14-2013, 10:29 AM	#2
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,168	You must be something wrong. Write off everything... If you work from home you can legally write off a portion of your mortgage and power.... __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

03-14-2013, 10:48 AM	#3
Zeiss Confirmed User Industry Role: Join Date: May 2012 Location: With your mom Posts: 5,189	What taxes? __________________ Adult Webmasters Guides

03-14-2013, 11:23 AM	#8
Vendzilla Biker Gnome Industry Role: Join Date: Mar 2004 Location: cell#324 Posts: 23,200	Wow, you need a new tax guy __________________ Webair died? Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that

03-14-2013, 12:02 PM	#13
femdomdestiny Confirmed User Industry Role: Join Date: Apr 2007 Posts: 5,169	Taxis? __________________ Femdom Destiny -------------------------------------------- ICQ: 463-630-426 email: webmaster(at)femdomdestiny.com

03-14-2013, 10:53 AM	#5
epitome So Fucking Lame Industry Role: Join Date: Jun 2009 Location: St. Petersburg, FL Posts: 12,156	Are you taking advantage of all of the opportunities out there like setting up an LLC but having it treated as an S-Corp so that you can pay yourself a reasonable salary and only have to pay SS/Medicare on the reasonable salary and not your member draws?

03-14-2013, 01:07 PM	#20
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,475	It's your right and responsibility to pay as little in taxes as possible under the law. If you're paying that much in taxes you should probably be spending more on things that could be considered business expenses.

03-14-2013, 02:36 PM	#25
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	Those rates are right if he is making good money.

03-14-2013, 04:00 PM	#29
Zeiss Confirmed User Industry Role: Join Date: May 2012 Location: With your mom Posts: 5,189	Where I live, if you want to start a company you need CEO, accountant and staff, and of course to pay them all.. Otherwise, you can register as an single entrepreneur (sole proprietorship) and that makes you responsible for all profits and debts with everything you possess. If you fail, you might lose everything you have... live in the park, smoke a joint with the zombie hippies, etc. __________________ Adult Webmasters Guides

03-14-2013, 04:32 PM	#30
harvey Confirmed User Industry Role: Join Date: Jul 2001 Location: 127.0.0.1 Posts: 9,266	no taxes, just taxis