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-   -   taxes (https://gfy.com/showthread.php?t=1103048)

Grapesoda 03-14-2013 08:40 AM

taxes
 
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? :error:error

CurrentlySober 03-14-2013 10:49 AM

Quote:

Originally Posted by Zealotry (Post 19527809)
What taxes? :error:error

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 (Post 19527818)
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.. :1orglaugh

just a punk 03-14-2013 11:00 AM

Quote:

Originally Posted by grapesoda (Post 19527576)
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 (Post 19527833)
6 %

that's fucking awesome

Grapesoda 03-14-2013 11:34 AM

Quote:

Originally Posted by Rochard (Post 19527760)
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 (Post 19527875)
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 (Post 19527894)
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?

https://encrypted-tbn2.gstatic.com/i...4rJLcBZYxLW6Qg

Grapesoda 03-14-2013 12:15 PM

Quote:

Originally Posted by CyberSEO (Post 19527921)
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 (Post 19527947)
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 (Post 19527875)
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 (Post 19527921)
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:

http://www.gunsandammo.com/files/201...juana-sign.jpg

Did you get married underaged?

Sid70 03-14-2013 01:05 PM

Quote:

Originally Posted by Grapesoda (Post 19527900)
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 (Post 19527900)
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 (Post 19528011)
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 (Post 19528011)
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 (Post 19528028)
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 (Post 19528063)
$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 (Post 19528137)
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 (Post 19528177)
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 (Post 19527825)
I don't think he can do that unless he clones himself.. :1orglaugh

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. :1orglaugh

harvey 03-14-2013 04:32 PM

no taxes, just taxis

http://www.thinktrikes.com.au/image/...e/9031Taxi.jpg

DWB 03-14-2013 05:08 PM

Quote:

Originally Posted by Grapesoda (Post 19527576)
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 (Post 19528182)
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 (Post 19528399)
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 (Post 19528396)
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% :2 cents:

BareBacked 03-14-2013 08:12 PM

Quote:

Originally Posted by DWB (Post 19528396)
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


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