look at all the

londonfog

londonfog

Well-Known Member
UncleBuck said:
well, desert dude somehow managed to contribute $400,000 to social security over his work career.

righties just do amazing things that fly in the face of facts.
Click to expand...
lets do some quick math

he has 8 employees that make 19 hour ( I went with his lowest pay rate)
8*19= 152 an hour now... lets multiply that at a 30 hour week= 4560 ( again low balling the week so I did not do 40)ok its 52 weeks in a year but we will only use 45 so 45*4560= 205,200 he would pay out yearly for wages...That pretty much tells me he would not be able to write off the 35 percent..dude lying big time
 
B

beenthere

New Member
beenthere said:
"Let the games begin", you lasted 20 minutes my friend. LMAO

I answered every question you put in front of me and more, I answered honestly and promptly.

Now it's my turn Fog.

You say you pay your employees $8.50hr + $1.50 if they speak Spanish.

Where do you live, do you pay for your employees healthcare and what do you consider a living wage in your state?
Click to expand...
Well.....?
 
B

beenthere

New Member
londonfog said:
lets do some quick math

he has 8 employees that make 19 hour ( I went with his lowest pay rate)
8*19= 152 an hour now... lets multiply that at a 30 hour week= 4560 ( again low balling the week so I did not do 40)ok its 52 weeks in a year but we will only use 45 so 45*4560= 205,200 he would pay out yearly for wages...That pretty much tells me he would not be able to write off the 35 percent..dude lying big time
Click to expand...
LMAO you're not much of a fast learner, are you.
It's a business expense, a write off, NOT a tax credit.

Dude, this is like me arguing with you over washing machines and dryers! :lol:

I guess next you'll tell me I can't write off materials and labor.
 
GOD HERE

GOD HERE

Well-Known Member
beenthere said:
OMG, Fog, we pay about $63k a year (just asked the wife) in healthcare benefits for my wife and I and our employees.

Healthcare for my employees is a business expense write off 100%, I don't know where you are getting your info but i think I;ll take mt wife and our accountants word over yours.

A tax credit is a reduction on the tax itself.
Click to expand...
Ahh a business criminal.
 
londonfog

londonfog

Well-Known Member
beenthere said:
LMAO you're not much of a fast learner, are you.
It's a business expense, a write off, NOT a tax credit.
Click to expand...
paying 100 percent and receiving 100 percent guy..when you list this as an adjustment to income on your Form 1040 you will need to have your employee spit ( which in your case is none). You will have to fall back to set max amount. I'm done goood night
 
B

beenthere

New Member
londonfog said:
Not paying 100 percent and receiving 100 percent guy..when you list this as an adjustment to income on your Form 1040 you will need to have your employee spit ( which in your case is none). You will have to fall back to set max amount. I'm done goood night
Click to expand...
Actually it's on our schedule C

Get some sleep and tackle it in the morning, it'l make more sense.

Remember, we pay 100%, it's an expense, a write off, not a credit.

Tell me tomorrow what you meant by "spit" and falling back to set max amount.

Good night.
 
GOD HERE

GOD HERE

Well-Known Member
echelon1k1 said:
When you enter the workforce with your degree, will you work for free?
Click to expand...
Not quite, but if the teabaggers come back in 2016 I might be working for close to it. But it's alright, I've had the product of my labor stolen since I worked my first job digging holes at 15.
 
echelon1k1

echelon1k1

New Member
GOD HERE said:
Not quite, but if the teabaggers come back in 2016 I might be working for close to it. But it's alright, I've had the product of my labor stolen since I worked my first job digging holes at 15.
Click to expand...
C'mon do you expect us to believe mental health professionals make next to nothing once in the workforce?

I know nobody made you dig those holes, you were paid for your time and traded your labour in exchange for said payment.
 
GOD HERE

GOD HERE

Well-Known Member
echelon1k1 said:
C'mon do you expect us to believe mental health professionals make next to nothing once in the workforce?

I know nobody made you dig those holes, you were paid for your time and traded your labour in exchange for said payment.
Click to expand...
Yeah I know, if I take the normal rate and don't give to any charity, I'll probably be a member of the capitalist class. My family always has been.

beenthere said:
Not sure, they only last about a week, then I find people that really want to work.
Click to expand...
You conservatives have been trying to find a way to make people work for free for a long time.
 
echelon1k1

echelon1k1

New Member
GOD HERE said:
Yeah I know, if I take the normal rate and don't give to any charity, I'll probably be a member of the capitalist class. My family always has been.
Click to expand...
there's nothing wrong with that at all - Good on 'em, people shouldn't be ashamed for working hard and acquiring currency as they say...
 
B

beenthere

New Member
GOD HERE said:
That must be hard, stealing their labor and dealing with bad attitudes for it. God that's rough.
Click to expand...
I guess I should wise up and split all the profits with my employees, then I can invest my equal share into growing the company and assuming all the liabilities beings I'm the business owner, right?

If one of my employees makes a costly mistake, I should also pay for 100% of the damages, because I'm the business owner, right?
 
You must log in or register to reply here.
Top