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So, who else is paying taxes?
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[QUOTE]Originally posted by N8: [QB] [QUOTE]Originally posted by Duncan Motors: [qb] open ur own business no matter how stupid or small. for example,,,,, a base ball card inspecter. bein a business owner u have control of your taxes, ur gas is a write off, food is a write off.clothes , trips,bridge toll everydam thing that u buy except for hookers and camels are a write off one way or the other, now im not saying lie, but there def advantages, in the first 3 years u can claim a loss without any problems. make a business u like as a hobbie, and maybe in three years u will love what u do and it might make more than u working for some one else. i pay in quarter taxes but that's it.and that's only for parts that i mark up, so the government wants there cut on top of sales taxes. so for example im not marking parts up any more. by by quarter taxes almost, folks get cheaper parts, i dont have to come with government money 4 times a year. i still have the yearly taxes, but i got some dam gd write off, as well. your car with a lil sticker with your business logo is now your advertisement write off.i might not get a ton back, but the more write off i come up with, the better it seams to get. and none of my checks lol are government taxed. [/qb][/QUOTE]This is some what true. I am a business owner and have been for the last 10+ years. Started off as a side gig, but as you grow and become profitable the need to show this growth and profit becomes paramount. That means being square with the IRS. This year I benefited from some tax relief for employing folks. But still ended up owing. But being able to write off just about anything is a great feeling. But at a certain point you have a very keen eye for detail or you will screw yourself. And if you ever want to grow, you will have to pay the piper (IRS) eventually. [/QB][/QUOTE]
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