Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » The US tax code is such a scam
  1. Results 61 to 90 of 99
  2. Page 3 of 4
  3. First
  5. 1
  6. 2
  7. 3
  8. 4
  10. Last

Thread: The US tax code is such a scam

post 1696742083 01-21-2024, 06:07 PM
-
#61
  1. LateShow
  2. smashing and dashing
  1. LateShow
  2. smashing and dashing
  3. Join Date: Dec 2013
  4. Location: Minnesota, United States
  5. Posts: 5,433
  6. Rep Power: 56450
Taxes are a scam. Federal income tax shouldn’t exist, nor should property tax on home residences.

People have killed for less than what our government does to us
post 1696742883 01-21-2024, 06:23 PM
-
#62
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By LateShow⏩
Taxes are a scam. Federal income tax shouldn’t exist, nor should property tax on home residences.

People have killed for less than what our government does to us
No way around it though
post 1696743783 01-21-2024, 06:42 PM
-
#63
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Originally Posted By LateShow⏩
Taxes are a scam. Federal income tax shouldn’t exist, nor should property tax on home residences.

People have killed for less than what our government does to us
You gonna do it?
post 1696743993 01-21-2024, 06:46 PM
-
#64
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
**** all of you business owners and government ***gots abusing the system scum of the earth
post 1696744163 01-21-2024, 06:50 PM
-
#65
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By PShift5⏩
**** all of you business owners and government ***gots abusing the system scum of the earth
You don’t need to be so salty… geeze
post 1696744263 01-21-2024, 06:52 PM
-
#66
  1. Zere0wn
  1. Zere0wn
  3. Join Date: Jun 2006
  4. Posts: 11,667
  5. Rep Power: 44071
Originally Posted By Eatforgains⏩
No way around it though
My ALT is elevated. 75.
post 1696744473 01-21-2024, 06:54 PM
-
#67
  1. Basedbaby
  2. Registered User
  1. Basedbaby
  2. Registered User
  3. Join Date: Oct 2022
  4. Age: 56
  5. Posts: 7,292
  6. Rep Power: 20864
I’ve always heard that being self employed is worse for taxes than working. How much do you pay for healthcare?
post 1696744833 01-21-2024, 07:00 PM
-
#68
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Originally Posted By Eatforgains⏩
You don’t need to be so salty… geeze
I pay a ton of taxes to pay you glorified welfare recipient small **** business owners and section 8 wakanda dwellers you're all the same **** numbers wise in ****ing me over fuk all you im supporting big business
post 1696746443 01-21-2024, 07:29 PM
-
#69
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By Basedbaby⏩
I’ve always heard that being self employed is worse for taxes than working. How much do you pay for healthcare?
I don’t pay anything.. my wife has like 100 dollars taken out of each of her checks. That’s only for retards who are sole proprietors. (The high taxes part)
post 1696746583 01-21-2024, 07:31 PM
-
#70
  1. Basedbaby
  2. Registered User
  1. Basedbaby
  2. Registered User
  3. Join Date: Oct 2022
  4. Age: 56
  5. Posts: 7,292
  6. Rep Power: 20864
Originally Posted By Eatforgains⏩
I didn’t exaggerate on anything a large part of the deduction came from buying the BMW.. that’s why I did it.. it’s a tax loophole.
Aren’t you worried about getting audited??
I mean 80% of your gas and 100% phone and WiFi. Most people that I know only claim 50% on those things
post 1696746663 01-21-2024, 07:32 PM
-
#71
  1. Basedbaby
  2. Registered User
  1. Basedbaby
  2. Registered User
  3. Join Date: Oct 2022
  4. Age: 56
  5. Posts: 7,292
  6. Rep Power: 20864
Originally Posted By Eatforgains⏩
I don’t pay anything.. my wife has like 100 dollars taken out of each of her checks. That’s only for retards who are sole proprietors.
So you have a LLC? How does that get you insurance?
post 1696746693 01-21-2024, 07:34 PM
-
#72
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Originally Posted By Eatforgains⏩
I don’t pay anything.. my wife has like 100 dollars taken out of each of her checks. That’s only for retards who are sole proprietors.
Welfare mother ****er
post 1696746823 01-21-2024, 07:36 PM
-
#73
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By Basedbaby⏩
Aren’t you worried about getting audited??
I mean 80% of your gas and 100% phone and WiFi. Most people that I know only claim 50% on those things
I use my vehicle for 80% business 20% personal therefore I can write off 80% of the gas. I’ve been writing off my whole phone bill and WiFi for 10+ years.
post 1696746843 01-21-2024, 07:37 PM
-
#74
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By Basedbaby⏩
So you have a LLC? How does that get you insurance?
My wife has insurance she works for a car dealer, I’m on hers.
post 1696746913 01-21-2024, 07:38 PM
-
#75
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By PShift5⏩
I pay a ton of taxes to pay you glorified welfare recipient small **** business owners and section 8 wakanda dwellers you're all the same **** numbers wise in ****ing me over fuk all you im supporting big business
You’re doing your part man.. we all do our part.
post 1696747193 01-21-2024, 07:43 PM
-
#76
  1. Basedbaby
  2. Registered User
  1. Basedbaby
  2. Registered User
  3. Join Date: Oct 2022
  4. Age: 56
  5. Posts: 7,292
  6. Rep Power: 20864
Originally Posted By Eatforgains⏩
I use my vehicle for 80% business 20% personal therefore I can write off 80% of the gas. I’ve been writing off my whole phone bill and WiFi for 10+ years.
Myron
post 1696748833 01-21-2024, 08:13 PM
-
#77
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By Basedbaby⏩
Myron
To be fair I spent 5k on gas last year. Almost all of that was business related.
post 1696750393 01-21-2024, 08:57 PM
-
#78
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By PShift5⏩
Welfare mother ****er
If I could find a way to make my income look low enough to collect food stamps I’d do that too.
post 1696750453 01-21-2024, 08:59 PM
-
#79
  1. Destor
  2. Registered User
  1. Destor
  2. Registered User
  3. Join Date: Apr 2012
  4. Location: Alberta, Canada
  5. Age: 41
  6. Posts: 43,481
  7. Rep Power: 254906
Originally Posted By Eatforgains⏩
To be fair I spent 5k on gas last year. Almost all of that was business related.
Deducting a business expense from your taxable revenue isn’t some crazy tax hack though lol

It sounds to me like $100k ($112k?) was your profit out of $170k revenue
post 1696750583 01-21-2024, 09:04 PM
-
#80
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Mother FUK
post 1696750763 01-21-2024, 09:09 PM
-
#81
  1. saltypits
  1. saltypits
  3. Join Date: Feb 2016
  4. Posts: 14,086
  5. Rep Power: 54189
Originally Posted By FrankCostanza⏩
100 years ago 90% of taxes were paid by the rich. When 'trickle down economics' we're introduced the middle class got ****ed
Yeah and 100 years there was no welfare, no unemployment insurance, no social insurance, no health care, no roads, no regulations, no EPA, no CIA, no FBI, no Secret Service.

And christ almighty income tax in a form resembling something today to be wasn't even a thing until 1913.
post 1696750823 01-21-2024, 09:10 PM
-
#82
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Originally Posted By saltypits⏩
Yeah and 100 years there was no welfare, no unemployment insurance, no social insurance, no health care, no roads, no regulations, no EPA, no CIA, no FBI, no Secret Service.

And christ almighty income tax in a form resembling something today to be wasn't even a thing until 1913.
Fuk these mother FUKERS
post 1696750913 01-21-2024, 09:12 PM
-
#83
  1. saltypits
  1. saltypits
  3. Join Date: Feb 2016
  4. Posts: 14,086
  5. Rep Power: 54189
Originally Posted By PShift5⏩
Fuk these mother FUKERS
Yeah your puny tax contribution is what keeps your military industrial complex going... lol.
post 1696751063 01-21-2024, 09:19 PM
-
#84
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By Destor⏩
Deducting a business expense from your taxable revenue isn’t some crazy tax hack though lol

It sounds to me like $100k ($112k?) was your profit out of $170k revenue
No that’s not accurate at all. I spent 15k in taxes in total give or take.. 2k in supplies and an extra 4k or so in gas… all the rest was profit. I would have had to pay my car payment phone bill and car insurance regardless.

So roughly 150k in profit
post 1696751193 01-21-2024, 09:24 PM
-
#85
  1. LaCosaNostra90
  2. Registered User
  1. LaCosaNostra90
  2. Registered User
  3. Join Date: Dec 2011
  4. Location: Alberta, Canada
  5. Posts: 15,577
  6. Rep Power: 22156
I paid over 100k in taxes in 2023

all for Trudope to send 10 million to Iraq for youth unemployment insurance
post 1696751203 01-21-2024, 09:25 PM
-
#86
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By PShift5⏩
Fuk these mother FUKERS
It’ll be ok man.. just 50 more years and you can retire for 2 years until you go back to work as a greeter for Walmart.
post 1696751533 01-21-2024, 09:34 PM
-
#87
  1. PShift5
  2. Registered User
  1. PShift5
  2. Registered User
  3. Join Date: Jan 2022
  4. Age: 56
  5. Posts: 3,880
  6. Rep Power: 27795
Originally Posted By eatforgains⏩
it’ll be ok man.. Just 50 more years and you can retire for 2 years until you go back to work as a greeter for walmart.
fuk u
post 1696751683 01-21-2024, 09:41 PM
-
#88
  1. Destor
  2. Registered User
  1. Destor
  2. Registered User
  3. Join Date: Apr 2012
  4. Location: Alberta, Canada
  5. Age: 41
  6. Posts: 43,481
  7. Rep Power: 254906
Originally Posted By LaCosaNostra90⏩
I paid over 100k in taxes in 2023

all for Trudope to send 10 million to Iraq for youth unemployment insurance
O&G crew represent?
post 1696751723 01-21-2024, 09:42 PM
-
#89
  1. Eatforgains
  2. Registered User
  1. Eatforgains
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 39
  5. Posts: 21,981
  6. Rep Power: 61244
Originally Posted By PShift5⏩
fuk u
You’re being taxed 1.16 cents a second to read this.. don’t stay to long
post 1696752453 01-21-2024, 10:05 PM
-
#90
  1. frankdtank20
  2. Registered User
  1. frankdtank20
  2. Registered User
  3. Join Date: Nov 2020
  4. Posts: 27,464
  5. Rep Power: 171374
Originally Posted By Visel⏩
I saw an interesting take the other day of someone saying that "single filers" are essentially "second class citizens" since those who file married jointly get effectively double the tax relief.

That's kind of what I was expecting this thread to be about, but leaving enlightened. Didn't know the tax benefits were that major for business vs w2.
That's a myth most of the time. Especially if one makes significantly more than the other.

Anyway, good thinking having the business pay for the car, OP. Do you pay yourself set up as a S corp? Very good thinking on the SEP too.
Yeah Buddyyy! Light weight! Light weight baby!!!!
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts