Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Originally Posted by kevcrawford
If I take a client out for dinner or lunch, even if we don't talk much business, that's solidifying my relationship with that client, meaning they will either directly spend more money with me or indirectly send me more business by way of referrals. This making more money, thus making Uncle Sam more money via taxes. So the government agrees to wrote off the $30 dinner from my income (which is a few dollars in revenue) because that $30 dinner can turn into $30,000 of income for me, netting them a WHOLE lot more.
It's basic math and common sense.
Last I checked you can only write off 50% of that business meal. You also have to document who, what, where, when and what you business you discussed. I think the most you can spend on one meal is $70. So lets do the math.
$70 (a business meal) x 365 (days in the year) = $25,550.00 (spent) divided by 2 = $12,775.00
Wow that's illegal big time, who wrote off their entire house? We get a reward for reporting someone for doing that.
I had a professional accountant do my taxes and nothing was done illegal. Used one room only out of my house as an office. Also just finished paying off taxes owed from 2005 after business was done and paid all penalties and late fees. Had some pretty rough times in that time period but continued paying my owed taxes. Unlike Geither (sp) on Obama's team.
I had a professional accountant do my taxes and nothing was done illegal. Used one room only out of my house as an office. Also just finished paying off taxes owed from 2005 after business was done and paid all penalties and late fees. Had some pretty rough times in that time period but continued paying my owed taxes. Unlike Geither (sp) on Obama's team.
Yep, if you got your taxes done correctly and owed taxes, penalties and late fees, life would get pretty rough. Worked your butt off for that money and got to pay it to the government. Life is grand isn't it... BUT you didn't pay your fair share you know?
just so the parasites don't have to work it's all good.
Yep, if you got your taxes done correctly and owed taxes, penalties and late fees, life would get pretty rough. Worked your butt off for that money and got to pay it to the government. Life is grand isn't it... BUT you didn't pay your fair share you know?
just so the parasites don't have to work it's all good.
You act like it the government is taking all the money and these rich folks are hardly getting by. Why the need for hyperbole? Furthermore, considering those "wealthy" are the ones who most benefit from having a government who provides infrastructure, stability, and security for them they should be paying the most. Don't believe me then please point out this low tax paradise where the wealthy can live and expect the same sort of stability, infrastructure, and security.
Lastly, the wealthy aren't the ones creating demand, which in turns drives investment and employment.
You act like it the government is taking all the money and these rich folks are hardly getting by. Why the need for hyperbole? Furthermore, considering those "wealthy" are the ones who most benefit from having a government who provides infrastructure, stability, and security for them they should be paying the most. Don't believe me then please point out this low tax paradise where the wealthy can live and expect the same sort of stability, infrastructure, and security.
Lastly, the wealthy aren't the ones creating demand, which in turns drives investment and employment.
Thank you for making those crucial points.
May I just add that the wealthy didn't build that.
[URL="http://dictionary.reference.com/browse/anecdote"]Dictionary.com[/URL]
1.
a short account of a particular incident or event, especially of an interesting or amusing [URL="http://dictionary.reference.com/browse/nature"]nature[/URL].
2. a short, obscure historical or biographical account.
You act like it the government is taking all the money and these rich folks are hardly getting by. Why the need for hyperbole? Furthermore, considering those "wealthy" are the ones who most benefit from having a government who provides infrastructure, stability, and security for them they should be paying the most. Don't believe me then please point out this low tax paradise where the wealthy can live and expect the same sort of stability, infrastructure, and security.
Lastly, the wealthy aren't the ones creating demand, which in turns drives investment and employment.
Elizabeth Warren just checked in. People pay for infrastructure with taxes. If you don't pay taxes then get off our roads.
Yes this poster is trying to incorrectly link raising the income tax as somehow unfair to thw wealthy. If you want to be disingenuous about the situation then we can just look at income taxes. However, as I've said one can't determine the fairness just looking at income taxes. I would rather have an open and honest discussion, but apparentely you'd rather hide behind the notion of sticking rigidily to the OP.
Ok....
If you want to go down that road, I think you are going to get squashed like a bug when you come across a little thing called property taxes, which poor people pay little of any of, and rich people pay a ton of..
I'll say it for you "Ouch, I hate when that happens"
or
"Oh well, back to the drawing board"
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
