Author Topic: Taxes Seem to Get More Complicated Every Year......  (Read 2479 times)

Vince G, CSN MFT

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Taxes Seem to Get More Complicated Every Year......
« on: February 06, 2023, 03:58:21 PM »
Just finished mine a few hours ago....even with Turbo Tax , the tax code is meant to just fuck with business owners.
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Skeletor

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #1 on: February 06, 2023, 04:56:43 PM »
Did you pay more taxes compared to last year?

Fallsview

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #2 on: February 06, 2023, 05:26:10 PM »
Not for me. Already received my refund. A little over 17 grand. Previous years were horrible...owing 6, 7,8 grand. I have a great accountant worth every penny. 

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #3 on: February 06, 2023, 05:38:27 PM »
Did you pay more taxes compared to last year?

Of course but it will be for the last time unless I get another telecom job.
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Dave D

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #4 on: February 06, 2023, 05:55:54 PM »
Of course but it will be for the last time unless I get another telecom job.

How did you pay more in taxes without the $70k salary?   At least $14000 of that went to taxes.

jude2

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #5 on: February 06, 2023, 06:01:16 PM »
Now we need to report the crypto infol

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #6 on: February 06, 2023, 06:04:49 PM »
How did you pay more in taxes without the $70k salary?   At least $14000 of that went to taxes.

Wasn't my personal income but my business income ...but i got hit with ACA as well
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ChristopherA

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #7 on: February 06, 2023, 07:14:17 PM »
Not for me. Already received my refund. A little over 17 grand. Previous years were horrible...owing 6, 7,8 grand. I have a great accountant worth every penny.
100%. It's all about having a great accountant

GymnJuice

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #8 on: November 08, 2023, 04:44:35 AM »
Quote
In California, how much you pay for electricity will soon be tied to how much you earn: A state law passed last summer requires the California Public Utilities Commission, or CPUC, to approve a pricing structure that incorporates a flat fee with a sliding scale based on income.

https://www.cnet.com/home/energy-and-utilities/electricity-bills-in-california-will-soon-be-based-on-income-heres-how-it-could-work/

California is going to charge more for electricity based on income... I hope that state goes bankrupt.

bhank

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #9 on: November 08, 2023, 04:56:08 AM »
Just finished mine a few hours ago....even with Turbo Tax , the tax code is meant to just fuck with business owners.

You can take like 250k in losses per entity and have like 3 different business entities to offset any actual personal income from a job or investments. Additionally, you can depreciate everything having businesses is how you avoid paying taxes.

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #10 on: November 08, 2023, 05:32:48 AM »
You can take like 250k in losses per entity and have like 3 different business entities to offset any actual personal income from a job or investments. Additionally, you can depreciate everything having businesses is how you avoid paying taxes.


I wrote this in Feb you know...🙄
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bhank

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #11 on: November 08, 2023, 05:57:50 AM »

I wrote this in Feb you know...🙄

You have to file taxes every year though yes?

BB

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #12 on: November 08, 2023, 05:59:58 AM »
You can take like 250k in losses per entity and have like 3 different business entities to offset any actual personal income from a job or investments. Additionally, you can depreciate everything having businesses is how you avoid paying taxes.

You have to file taxes every year though yes?

This gets funnier if you imagine Vince getting ready to toss Hankins off a roof right before he blurs it out.

.

Sissysquats

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #13 on: November 08, 2023, 06:00:15 AM »
Just finished mine a few hours ago....even with Turbo Tax , the tax code is meant to just fuck with business owners.

 Taxes are a huge industry. Making them simple would put a lot of folks out of work in the private, corporate and governmental world. The guv isn’t going to kill those jobs…….as much as I’d like them to

robcguns

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #14 on: November 08, 2023, 06:00:30 AM »
https://www.cnet.com/home/energy-and-utilities/electricity-bills-in-california-will-soon-be-based-on-income-heres-how-it-could-work/

California is going to charge more for electricity based on income... I hope that state goes bankrupt.

All to give the fucking illegals cheap electricity. Fuck that state.

ProudVirgin69

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #15 on: November 08, 2023, 06:03:10 AM »
Vince, why do you pay for TurboTax like a chump?  FreeTaxUSA is the free tax preparer of choice.

Not for me. Already received my refund. A little over 17 grand. Previous years were horrible...owing 6, 7,8 grand. I have a great accountant worth every penny. 

That’s a pretty lousy accountant if he has your withholding set up like that.  Getting a big refund is suboptimal, just means you gave the government an interest free loan for the better part of a year.

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #16 on: November 08, 2023, 06:20:06 AM »
You have to file taxes every year though yes?


Yes....before April 15th.    Are you on drugs or something


A

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #17 on: November 08, 2023, 06:27:00 AM »
Vince, why do you pay for TurboTax like a chump?  FreeTaxUSA is the free tax preparer of choice.

That’s a pretty lousy accountant if he has your withholding set up like that.  Getting a big refund is suboptimal, just means you gave the government an interest free loan for the better part of a year.


Your AGI has to be less than 40k in order to use FreeTaxUsa as with most of these free services.  Even if I was a burger flipper like yourself, I would never trust my assets to some free tax prep software.   TurboTax connects with my Quickbooks and makes doing them much easier.

Now I'm going to keep quiet because I took my weekly shot of TRT and I might end up saying some crazy shit
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IroNat

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #18 on: November 08, 2023, 06:52:50 AM »
You can take like 250k in losses per entity and have like 3 different business entities to offset any actual personal income from a job or investments. Additionally, you can depreciate everything having businesses is how you avoid paying taxes.

Losing money is fun.

bhank

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #19 on: November 08, 2023, 06:56:15 AM »

Yes....before April 15th.    Are you on drugs or something

I thought this was you for a moment then I realized the cabinets were too nice for a double wide

GymnJuice

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #20 on: November 08, 2023, 06:58:31 AM »
All to give the fucking illegals cheap electricity. Fuck that state.

People already pay more taxes through income tax brackets. Now they're making higher earners pay more for the same electricity. Wokeism and socialism have aligned forces.

Vince G, CSN MFT

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #21 on: November 08, 2023, 07:09:26 AM »
I thought this was you for a moment then I realized the cabinets were too nice for a double wide


Just admit that you weren't paying attention to the thread's date you cave dwelling wife beater
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Gym Rat

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #22 on: November 08, 2023, 07:12:49 AM »
I thought this was you for a moment then I realized the cabinets were too nice for a double wide

Vinces's kielbasa would be peeping out the bottom of that robe...

Gym Rat

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #23 on: November 08, 2023, 07:13:38 AM »

Just admit that you weren't paying attention to the thread's date you cave dwelling wife beater

LOL

I hope Brian doesnt poke the bear here and start with Vince as well... Never ends well for the offender!

BB

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Re: Taxes Seem to Get More Complicated Every Year......
« Reply #24 on: November 08, 2023, 07:26:13 AM »
I thought this was you for a moment then I realized the cabinets were too nice for a double wide

Why were you looking up trannies? That's not a common photo.

Come to think of it, this does kinda look like Castle Hankins -

https://packaged-media.redd.it/mm2kvq89vf5b1/pb/m2-res_164p.mp4?m=DASHPlaylist.mpd&v=1&e=1699473600&s=b2e497fdae1950b07a786dd29f9f2273c3b44b71#t=0 .