Should I feel guilty for paying little or no tax?
I own two small businesses, a print shop and a landscape company. I find enough tax deductions from these to zero out my tax bill each year. As ...
I own two small businesses, a print shop and a landscape company.
I find enough tax deductions from these to zero out my tax bill each year.
As a small business, the loopholes are everywhere. We live in a country where the tax laws were written by and for business.
I have a 36 foot sailboat at a marina in Florida. The marina is a customer of my print shop so I have to go and visit them pretty regularly.
I have my landscape crew cuts all my friends grass for CASH. I can write off the labor.
I keep my Mom and Aunt on the payroll as " consultants". They are elderly, retired and don’t need the money, so they give me the money I pay them back in CASH.
Is this a great country or what?
There are, of course, millions of Americans who don’t have to pay tax because they are elderly, disabled, a student or someone who only earns minimum wage.
If you operate within the limits of the law, no you shouldn’t feel guilty.
shoot i dont even
feel guilty for tellin
the government that im a mother
of three so
i can get more wellfair checkss
shoot i be rakin in dat MONEY!!!
gotta love the IRC
that’s internal revenue code for those who are still paying taxes!
http://www.constitutionparty.com
So tell me, do you use your mothers basement as a deduction?
Amerika is one skrewed up place when you can call any person any title so that you can get a kickback. No, you should not feel, guilty, Amerika as a whole should feel guilty. Unfortunately, we don’t.
Baloney!
You should only feel guilty if you are breaking the law. If you are taking payments in cash and not reporting them or paying your crew in cash and withholding FICA etc then you are breaking the law.
Boy…The IRS are going to love you.
Nope… Good for you. if the deductions are there use them.
Well Jules,. I’m just happy that you aren’t in charge of the collection plate at church ! Hopefully, the IRS will track you down through the computer footprint we all leave, when we sign in !
must be saturday..
Don’t be to surprised when one day you go down to your mighty fine sail boat and a big lock is on it placed there by the IRS.
The IRS does not take kindly to those who use cash as a means of tax avoidance.
They are very effective is finding the ways people transfer cash to themselves through relatives and friends as well as identifying shady tax write offs.
If you are a consumer you are paying tax…you must mean income tax.
Well, welcome to the age of obama and redistribution of other people’s money. 47% of American Citizens will not be paying any federal income tax this year(compared with 34% in 2008).
That is called wealth redistribution at work…….and believe me he isn’t done yet. Look around and if you see people with less money than you then he isn’t done with his plan yet. He wants everyone to make the same, have the same, etc. because that is FAIR!!!! Fair to whom??
It bothers me a little, but I am glad that I can travel the world without working and if I paid taxes on the money I have made I would not be able to do that.
Since I live on a yacht outside the US I do not even pay property or sales tax. I guess in some countries I pay their taxes. I am in the Bahamas now and they have a Vat tax so I pay some of that.
The internal revenue code is pretty much set up to tax wages. I do not get any of those.
I even got a Credit for putting solar panels on my boat this year and got some money back without paying any in.
I strongly doubt any of your story is true. If you were actually wealthy, you would have better things to do than waste time on this site. Also if you are obviously living well above your claimed income the IRS will investigate, and jail, you for fraud.
I have to pay 37% to the government, you don’t pay a cent? Get a job
Wow , another business man who hires illegals and scams the system and proudly boasts of it….I guess you have your own little cell of cancer that is slowly ruining the middle class in America….Used to be a high school kid could make a little cash on the weekends to take his girlfriend out to a movie….Can’t compete with those slave illegals….Some day when Karma bites you on the smart end don’t come crying to us…..I know a couple in San Diego who have for years scammed the system using the " cash " method…He has a printing business and her a hair salon…real salt of the earth people….They don’t use the same loopholes , just don’t report the cash income….