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.