tax day

Went to pick up my taxes and meet with my C.P.A and waited in his waiting room reading the national geograghic about the women wrestlers in south amercia while I antisapated the bending over the table but not as bad as in years past. Now I had a very bad year last year in my buisness and really didn't expect to have to pay a lot with my right-offs. I was wrong. I haven't drank any beer in a while but I had to stop at the store on the way home. I just couldn't help but wonder what if I did have a good year and everything was the same as it was a year and a half ago. If the taxes has changed that much since Oboma took over, I just wonder what my tax lilabilty will be if my buisness starts rolling agian.

Its sad to say but anyone who owns a business will more than likely pay higher taxes under obama. Thats part of his spread the wealth to the folks that are to sorry to work plan.

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Originally Posted by ykkapslabhunter

Its sad to say but anyone who owns a business will more than likely pay higher taxes under obama. Thats part of his spread the wealth to the folks that are to sorry to work plan.

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like he said!:mad:

I own a mobile marine business and got a little back. I think he is agood president, any thing better then Bush he was an idiot.

Hey Pat, start you a website and try to get customers to do business with you that way, no fed tax on internet orders but you would still have to pay state tax. Dont forget to take some customers out fishing to and write that off as well

Bad subject, I'm like Slingshot, I think I'll have another beer.

Naw Outlaw it 's not a bad subject people just hafta learn to discuss it like they would most other subjects and not get mad and personal. Instead we let the talking heads up there divide us over issues that they have no intention of changing [ unless we unite and force them to] because they will use the same issues next election.

All I've got to say about it is it's time for the FAIRTAX. Americans For Fair Taxation: Americans For Fair Taxation

Besides, I got enough back in taxes this year to buy my new boat in full. Bad year for my business last year.

well its like ben franklin said you cant escape taxes or death one of them will get ya.

i wish i did make enough to pay tax. that way i could have a new boat a new truck and maby a place on the lake . :D. my truck is used and the boat is old used . my place on the lake is a old motorhome . my spot is at the campground if it is avaible when i can go.yet i am better of than some . they can`t aford that or theit priorties are some where else :D

I did like Tony did, had another beer, heck I several more Tony, finally move a few things around to break even on the federal and got a little fishing money back from the state. Try to claim my pets as dependents but I lost their Social security card. Wanted to change their name to Poncho and Josa maybe that would give me a bigger return having to illgeal ones as dependents.

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Originally Posted by papasage

i wish i did make enough to pay tax. that way i could have a new boat a new truck and maby a place on the lake . :D. my truck is used and the boat is old used . my place on the lake is a old motorhome . my spot is at the campground if it is avaible when i can go.yet i am better of than some . they can`t aford that or theit priorties are some where else :D

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the problem is that I didn't make hardly any money and still paid.

I choose not to but there is plenty of ways you can milk/cheat the system with so called write offs. I know plently of people that make alot less money than me and yet get big returns back on their taxes every year. Its just a matter of how far your willing to go to get out of paying taxes. I've only been out of college for 5 years but this was the first year I got anything back and it was only from the 8k, 1st time home owner tax credit.

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Originally Posted by ykkapslabhunter

I know plently of people that make alot less money than me and yet get big returns back on their taxes every year.

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Getting a refund just means you paid in more than you owed. This applies to people who make $20,000 a year and people who make $20 million a year.

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Originally Posted by ykkapslabhunter

there is plenty of ways you can milk/cheat the system with so called write offs.... Its just a matter of how far your willing to go to get out of paying taxes.

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Anybody who does this is playing with fire. It's fine to avoid taxes with legitimate deductions, but evading taxes using illegal means and questionable deductions is a recipe for disaster. You'll get audited and end up paying penalties and interest on top of the additional tax.

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Originally Posted by ykkapslabhunter

I choose not to

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Good for you. It'll be very difficult to post here if you're in Leavenworth. :)

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Originally Posted by deathb4disco

Getting a refund just means you paid in more than you owed. This applies to people who make $20,000 a year and people who make $20 million a year.





Anybody who does this is playing with fire. It's fine to avoid taxes with legitimate deductions, but evading taxes using illegal means and questionable deductions is a recipe for disaster. You'll get audited and end up paying penalties and interest on top of the additional tax.





Good for you. It'll be very difficult to post here if you're in Leavenworth. :)

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that is why I have the cpa that I have. He does not take any shortcuts and if I do get audited he will stand behind me all the way. There are a lot of cpa's out there that will do anythiing that you ask but it will only lead to a audit. I don't think that 2+2=5 or whatever I want it to be that is why I paid so much in taxes this year. It is not that I want to pay them but I'm not a person that cheats neither. It is about the only thing that I can sleep good about at night. I don't lie, cheat or steal. I may not be much more.