...read an article today on CBC (
I am in a position to do so, as I am one of the businesses that they were referring to, that "pay no tax."
If I plunk, say, $200,000 of my
This is very simple to understand. I can carry my losses forward to the next year, and if I couldn't, there'd be no incentive whatsoever to even buy the equipment, as I could simply let my money sit in a Savings account, tax free, just like your chequing and savings accounts are.
Quote from: "Angry White Male"
I am in a position to do so, as I am one of the businesses that they were referring to, that "pay no tax."
If I plunk, say, $200,000 of my
This is very simple to understand. I can carry my losses forward to the next year, and if I couldn't, there'd be no incentive whatsoever to even buy the equipment, as I could simply let my money sit in a Savings account, tax free, just like your chequing and savings accounts are.
Ya I know how it works. And I know how the CBC doesn't.
Reading some of the comments on CBC, it seems like nobody can understand that. And if they do, it's down-voted.
Now, I'm all for legit business. I don't cook the books, but I support roasting those that do.
In fact, received a call from Revenue Canada on Friday morning stating that my audit was 100% successful. There wasn't one calculation in question.
The only advantage I get running a business, as opposed to working for someone else, is that I can pay myself in dividends, which are taxed at a lower rate.
Now, understand that in doing so I am excluded from contributing to Canada Pension Plan, and thus will receive less from that upon retirement.
As the owner, I am also not allowed to "put myself" on Employment Insurance, even if it was slow enough to technically warrant that.
Quote from: "Angry White Male"
Now, understand that in doing so I am excluded from contributing to Canada Pension Plan, and thus will receive less from that upon retirement.
As the owner, I am also not allowed to "put myself" on Employment Insurance, even if it was slow enough to technically warrant that.
I knew about this from Thiel. He has been an employer for more than twenty years.
On the flip-side, I am not pro-business by any means...
Let me relate this story:
Worked for a medium sized company for over a year, and felt that I deserved a raise (had never received one). Owner said no. So, I stopped hauling his shit that was illegally overweight half the time. I also stopped working past eight hours, since they had screwed me on overtime pay in the past.
I was fired for not doing these things anymore.
Owner was to pay me two weeks severance, and said he would. He did not.
Labour Board was contacted, and we were put on a "three-way" call to 'settle' the dispute. Business owner ended up screaming at me, and then screaming at the Labour Board officer.
That is when the call was cut off. I'm assuming the Labour Board dude still got an earful from the fucking asshole that I had worked for, and terminated my connection.
Two weeks later I received the two weeks pay I was owed.
Some business owners are literal psychopaths, and cannot be left alone to do their own thing either. There are those that will rape and pillage, and for them, they need to be babysat and controlled.
Quote from: "Angry White Male"
Let me relate this story:
Worked for a medium sized company for over a year, and felt that I deserved a raise (had never received one). Owner said no. So, I stopped hauling his shit that was illegally overweight half the time. I also stopped working past eight hours, since they had screwed me on overtime pay in the past.
I was fired for not doing these things anymore.
Owner was to pay me two weeks severance, and said he would. He did not.
Labour Board was contacted, and we were put on a "three-way" call to 'settle' the dispute. Business owner ended up screaming at me, and then screaming at the Labour Board officer.
That is when the call was cut off. I'm assuming the Labour Board dude still got an earful from the fucking asshole that I had worked for, and terminated my connection.
Two weeks later I received the two weeks pay I was owed.
Some business owners are literal psychopaths, and cannot be left alone to do their own thing either. There are those that will rape and pillage, and for them, they need to be babysat and controlled.
I have really only had one employer in my entire life. As much as I hate all the CROR rules for class 1railways, CP is pretty good. My wife is a nurse and I make more than she does. In seven years I will be 55 and retired living in a Panamanian paradise. That's almost impossible to do with most blue collar jobs these days.
Quote from: "Angry White Male"
I am in a position to do so, as I am one of the businesses that they were referring to, that "pay no tax."
If I plunk, say, $200,000 of my
This is very simple to understand. I can carry my losses forward to the next year, and if I couldn't, there'd be no incentive whatsoever to even buy the equipment, as I could simply let my money sit in a Savings account, tax free, just like your chequing and savings accounts are.
Its income $ 150, 000, less depreciation on the truck we here depreciate 22.5%, not the capital cost.
You still have the asset.
You wanna make money you put in ya capital unless you are a woman that can make a million dollars with only one cunt working for her.
That reminds me of Berry she is fucken pissed she no marry you or me but has to settle as she has always done on 2nd or even 3rd best.
That whore is strictly cash and cum.
Quote from: "GORDY GAMBINO"
Its income $ 150, 000, less depreciation on the truck we here depreciate 22.5%, not the capital cost.
You still have the asset.
I will be looking after the money. You get in the kitchen and and make me a sammich.
ac_toofunny
Quote from: "seoulbro"
Quote from: "GORDY GAMBINO"
Its income $ 150, 000, less depreciation on the truck we here depreciate 22.5%, not the capital cost.
You still have the asset.
I will be looking after the money. You get in the kitchen and and make me a sammich.
That's right. You put that bitch in his place, otherwise he'll walk all over you. :laugh3:
Quote from: "Renee"
Quote from: "seoulbro"
Quote from: "GORDY GAMBINO"
Its income $ 150, 000, less depreciation on the truck we here depreciate 22.5%, not the capital cost.
You still have the asset.
I will be looking after the money. You get in the kitchen and and make me a sammich.
That's right. You put that bitch in his place, otherwise he'll walk all over you. :laugh3:
He will know his place.
But the high tax kinda defeats the point of running a business... plus like Gordy said you can't deduct taxes by simply buying machinery or other assets, it's just not considered as an expense. If you really want to evade taxes, people usually ask their accountant to make 2 balance sheet.
or deal in cash
Quote from: "Zetsu"
What accountant would take that risk?
Quote from: "GORDY GAMBINO"
Lol that's even better :001_tongue:
Quote from: "Fashionista"
Quote from: "Zetsu"
What accountant would take that risk?
I think most wouldn't want to risk it, but if you pay her well enough and buy her enough presents it might not be impossible, lol
Quote from: "Zetsu"
Quote from: "GORDY GAMBINO"
Lol that's even better :001_tongue:
Quote from: "Fashionista"
Quote from: "Zetsu"
What accountant would take that risk?
I think most wouldn't want to risk it, but if you pay her well enough and buy her enough LV bags it might not be impossible, lol
I am sure there are a few unethical accountants if someone wanted to find them.
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "GORDY GAMBINO"
Lol that's even better :001_tongue:
Quote from: "Fashionista"
Quote from: "Zetsu"
What accountant would take that risk?
I think most wouldn't want to risk it, but if you pay her well enough and buy her enough LV bags it might not be impossible, lol
I am sure there are a few unethical accountants if someone wanted to find them.
To be fair I wouldn't blame the accountant, but the employer should be responsible, lol. But then a lot of things are not as simple as it is or looks in the business world, even being the best of the best is not enough to survive.
Quote from: "Zetsu"
Mel posts while he is hammered.
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
I wouldn't be one bit surprised if the guy is drunk again, his lifestyle already seems disoriented enough after he had a divorce with his wife.
Quote from: "Zetsu"
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
I wouldn't be one bit surprised if the guy is drunk again, his lifestyle already seems disoriented enough after he had a divorce with his wife.
If he is on here posting, Mel is drunk.
Quote from: "seoulbro"
Quote from: "Zetsu"
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
I wouldn't be one bit surprised if the guy is drunk again, his lifestyle already seems disoriented enough after he had a divorce with his wife.
If he is on here posting, Mel is drunk.
why dontcha go fuck him then ya fucken gaye gook
Quote from: "Zetsu"
What I was getting at, was that if I spent my own cash on equipment, which I did, is that I pay back that loan to myself first, which isn't taxed at all.
This is what I'm doing now.
And Gordy is also correct, that the equipment depreciates.
To clarify, the business did not buy the equipment, I did. And therefor nothing is taxed until I pay myself back in full.
And to go even further, I am required to have Workers Comp coverage, of course.
Again, I pay nothing for this coverage, as I am not earning anything until my own personal loan gets paid back in full.
In fact, I don't even pay MSP premiums, as I have no income at all.
What I was getting at, in relation to the CBC article, is that I'm one of those people that may look like the business is pulling in cash, and paying no tax at all, but there is a reason why this can happen, as I've just explained.
You are the most ill informed fuck wit to discuss business here since franchise boi the train derailer Ace.
When you go insolvent the truck will be sold by the sheriff.
You are better off having a company set up just to own the equipment and one which will go bust for ya trading.
But lets wait for it 1 year time I lost my wif, my truck , my cat and now I'm gonna shot meself in the head.
And a chump like you never got to power drive Berry in the ass...she was fucken begging for it but ya fucked that up as well
You get to live the rest of ya life like a schmuck
Business is doing well this year.
Now, I can only speak from my experiences, and that of the accountant I paid $1200 to. That, and also being audited and cleared by Revenue Canada...
However, I guess I just don't know what going on.
It's always interesting when you simply want to share factual knowledge, without actually asking any questions, and having individuals want to "set you right," since they all seem to know more...
Quote from: "Angry White Male"
Quote from: "Zetsu"
What I was getting at, was that if I spent my own cash on equipment, which I did, is that I pay back that loan to myself first, which isn't taxed at all.
This is what I'm doing now.
And Gordy is also correct, that the equipment depreciates.
To clarify, the business did not buy the equipment, I did. And therefor nothing is taxed until I pay myself back in full.
I could be mistaken but I dun think that's how it works Mel, the thing is you still have the money but just happened to convert it into capital assets that can always be liquidated back into cash, at least this is how it is in accounting 101.
Quote from: "Angry White Male"
That's how discussion forums work Mel..
You post something, and it is challenged.
Quote from: "Angry White Male"
I do know more I been in business since 1985, Ive had more wivs and fucked more skanks.
All of that is in the past now GORDY..
Making Seoul happy is your life now.
:laugh:
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
This is true ^^
Quote from: "Fashionista"
Making Seoul happy is your life now.
:laugh:
Ease up with that shit will ya.
Or I'll go all fucken Sutcliffe on ya :sdfjh(2): with me ball pien hammer.
You are a cheeky chink that has lead a sheltered life.
You probably get off on 2 dogs fucking.
Quote from: "Berry Sweet"
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
This is true ^^
And you are poor.
Mel will be sober in the morning but you will still be poor.
ac_toofunny
Dumbass, uppity, poor ,white trash.
Stop being such a skid. You have no class honey. If I took you anywhere cunts would ask what the fuck I was thinking dragging along an American sounding, uncouth , Chugg fucking ,swearing woman that's blind , half fucken deaf with big tits.
:thumbup:
Quote from: "GORDY GAMBINO"
Quote from: "Fashionista"
Making Seoul happy is your life now.
:laugh:
Ease up with that shit will ya.
Or I'll go all fucken Sutcliffe on ya :sdfjh(2): with me ball pien hammer.
You are a cheeky chink that has lead a sheltered life.
You probably get off on 2 dogs fucking.
I'm happy for both you and Seoul.
Quote from: "GORDY GAMBINO"
Quote from: "Berry Sweet"
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
This is true ^^
And you are poor.
Mel will be sober in the morning but you will still be poor.
ac_toofunny
Dumbass, uppity, poor ,white trash.
Stop being such a skid. You have no class honey. If I took you anywhere cunts would ask what the fuck I was thinking dragging along an American sounding, uncouth , Chugg fucking ,swearing woman that's blind , half fucken deaf with big tits.
:thumbup:
Does this mean you don't want to invite Berry to our wedding?
Quote from: "seoulbro"
Quote from: "GORDY GAMBINO"
Quote from: "Berry Sweet"
Quote from: "seoulbro"
Quote from: "Zetsu"
Mel posts while he is hammered.
This is true ^^
And you are poor.
Mel will be sober in the morning but you will still be poor.
ac_toofunny
Dumbass, uppity, poor ,white trash.
Stop being such a skid. You have no class honey. If I took you anywhere cunts would ask what the fuck I was thinking dragging along an American sounding, uncouth , Chugg fucking ,swearing woman that's blind , half fucken deaf with big tits.
:thumbup:
Does this mean you don't want to invite Berry to our wedding?
:MG_216:
Quote from: "Zetsu"
It actually is how it works.
I was audited by Revenue Canada (they actually call it an 'examination'), so perhaps you should tell them they are wrong? You can tell the accountant he was wrong also.
Until I pay myself back what I "lent" my business, I do not pay taxes on monies earned.
Also verified with WorkSafeBC, as to coverage in this case. Again, I am covered, but do not pay WorkSafeBC premiums until the business shows monies earned, which won't happen until I pay myself back first, for the loan I made to my company.
Then you smash ya rig drunk
Yeph the wreck gets sold you own it
Yeph youse get ya unit condo sold you own it
Yeph you go on compo and get no payments as you never drew a wage from the company
In the meanwhile you personally are claiming a deduction for depreciation...doesn't come off the company accounts.
Youse is a chump and a fucken novice . You are my mate mate but youse aint a businessmans arsehole material in the same way Berry is wif material !!.
Quote from: "Angry White Male"
Quote from: "Zetsu"
It actually is how it works.
Until I pay myself back what I "lent" my business, I do not pay taxes on monies earned.
But, that would be on past years not the current year.
Ace has been a drunk truck driver for all the time I have known him over 12 years.
He had a small rig and when his momma she die he get bigger truck.
An asset that's depreciates yet he doesn't draw an income to at least offset it.
Whadda fucken chump.
Quote from: "GORDY GAMBINO"
He had a small rig and when his momma she die he get bigger truck.
An asset that's depreciates yet he doesn't draw an income to at least offset it.
Whadda fucken chump.
I knew depreciation is tax deductible, but a loan to buy equipment he owns?
That doesn't sound right at all.
The income is taxable and the interest is deductable.
Ace has all this set up wrong.
But he the stubborn kraut he is thinks he is right.
Having 1 brain cell more than a train driver only cos he has a steering wheel.
Quote from: "GORDY GAMBINO"
Ace has all this set up wrong.
But he the stubborn kraut he is thinks he is right.
Having 1 brain cell more than a train driver only cos he has a steering wheel.
That's what I always thought.
Quote from: "GORDY GAMBINO"
Yeph the wreck gets sold you own it
Yeph youse get ya unit condo sold you own it
Yeph you go on compo and get no payments as you never drew a wage from the company
In the meanwhile you personally are claiming a deduction for depreciation...doesn't come off the company accounts.
Youse is a chump and a fucken novice . You are my mate mate but youse aint a businessmans arsehole material in the same way Berry is wif material !!.
Not much of this makes sense, but the business is run as a limited entity. The company owns the equipment.
However, I made a personal loan to the company, which in turn allows my company to pay back that loan to me, tax free.
It's really not a difficult concept to understand. This is how business works in Canada, when you personally loan money to a corporate entity... You get that back first, before taxes are applied.
I am not familiar with US or Australian corporate tax laws, so if you do business there, different rules may apply.
Quote from: "Fashionista"
Taxes are always on the previous year.
Not that it matters, as losses can be carried forward to the next tax year also.
Quote from: "Fashionista"
That doesn't sound right at all.
The company owns the equipment.
I just happened to lend my company the funds to purchase it.
Why doesn't it sound right?
What incentive would I have to spend my own money on equipment, if I'm taxed before I even recouped the loss?
Quote from: "GORDY GAMBINO"
The income is NOT taxable.
And since I cannot charge my company interest on my loan (that I'm aware of, unless there is some loophole), interest on my personal loan is NOT deductible, since it cannot be applied in the first place.
Remember, Gordy... We are doing business in two different places. What applies there, may not here, and vice versa.
Fucking people. I try to explain a simple tax fact, and there's a full thread of people that don't do business in this country trying to attempt advice.
Quote from: "Angry White Male"
Quote from: "Fashionista"
Taxes are always on the previous year.
Not that it matters, as losses can be carried forward to the next tax year also.
I think she's saying your audit was on what you did in the past. The loan you took out for a truck this year is not part of it.
Ace believe me do not rely on me.
Yes Mr. Taxman urm....yes let me quote you the Gordy Gambino, some inet fucken know it all from Australia on what he says about his tax law that ipso facto now applies in Canada providing he got it right in the first instance per se........Ace copy pasta this and fucken hard copy your defence. Your fucken welcome. ........fucken yeah mate that's free info for ya !!!!!
Quote from: "Angry White Male"
Imagine that. If there was a thread about rail safety there would be experts here who think a derail is an attempt to wreck a discussion topic.
Quote from: "iron horse jockey"
The loan I gave to my company was last year, as was the tax year, as was what this years audit was for.
Either way, I just thought I'd try to explain a simple thing to posters here, that may wonder why some companies earn profits (on paper), but pay no tax.
Contrary to Gordy thinking he's a businessman (and I can't speak for Australian tax policies either), there is a reason I run the way I run.
I could put myself on the payroll, either in wages or dividends (pros and cons to both, basically a personal decision)...
HOWEVER, as I run a limited company, my main goal is to retrieve every last penny I personally put into it, as quickly as I can. And this "pay-back" is not taxed. It is simply a re-payment of a personal loan.
There is a reason I expedite this payback... If anything should happen to the company, and lots of things could go wrong, at the very least I want to recoup quickly my initial investment, as with a limited corp my company and myself are two separate entities. If I crash and kill someone, the company will take the brunt. That has bankrupted other companies (even though I carry $5,000,000 liability). If the company goes kaput, so be it... The idea is to get your personal loan out and away from the company as quickly as possible.
This is why I am not on the payroll.
And as an example of just how quickly trucks can cause damage...
A dump truck here derailed a train a few years back. That boo-boo was just short of $5,000,000 to clean up.
Quote from: "Angry White Male"
A dump truck here derailed a train a few years back. That boo-boo was just short of $5,000,000 to clean up.
Unless there's alcohol involved with a vehicle, class one railways are liable.
Quote from: "iron horse jockey"
Nope. ICBC paid. Dump truck driver got stuck on the tracks. Not sure if he was blocked in by traffic, or had a breakdown... Either way, he was on the tracks.
And he was hit. At that time trains went through here doing about 70+ km/h. There were train engines and cars just sitting in the farmers field along the highway.
It was quite surreal to see.
They slowed the trains on that stretch after that incident, since they cross many now busy side roads, in what was once a rural area with little traffic.
The nearly $5,000,000 cleanup was carried by trucks ICBC policy.
Happened on Glover Road here in Langley.
There's been many car/truck/train collisions on Glover.
That was probably one of the most spectacular!
And more will happen!
Train hit an ambulance a couple years back, killing the old lady they were transporting.
Train killed a flagger with her truck a couple years back also...
All on Glover Rd.
Notorious stretch.
Not the trains fault, as these people should not be on the tracks.
However, we now have big city traffic, and that creates a problem for rail.
Quote from: "Angry White Male"
I could put myself on the payroll, either in wages or dividends (pros and cons to both, basically a personal decision)...
HOWEVER, as I run a limited company, my main goal is to retrieve every last penny I personally put into it, as quickly as I can. And this "pay-back" is not taxed. It is simply a re-payment of a personal loan.
There is a reason I expedite this payback... If anything should happen to the company, and lots of things could go wrong, at the very least I want to recoup quickly my initial investment, as with a limited corp my company and myself are two separate entities. If I crash and kill someone, the company will take the brunt. That has bankrupted other companies (even though I carry $5,000,000 liability). If the company goes kaput, so be it... The idea is to get your personal loan out and away from the company as quickly as possible.
This is why I am not on the payroll.
Your on the right track.
Now I have different companies own different stuff. My gaff is owned by a Family Trust. My asbestos company owned my tow truck when I traded as that with a partner so he could never sell it...hahahaha. Now I sold it 3 weeks ago and bought meself a merc. Good reliable , steel , Krupp . For a song. Man I look like a fucken boss. It don't leak nuthen .
Quote from: "GORDY GAMBINO"
Quote from: "Angry White Male"
I could put myself on the payroll, either in wages or dividends (pros and cons to both, basically a personal decision)...
HOWEVER, as I run a limited company, my main goal is to retrieve every last penny I personally put into it, as quickly as I can. And this "pay-back" is not taxed. It is simply a re-payment of a personal loan.
There is a reason I expedite this payback... If anything should happen to the company, and lots of things could go wrong, at the very least I want to recoup quickly my initial investment, as with a limited corp my company and myself are two separate entities. If I crash and kill someone, the company will take the brunt. That has bankrupted other companies (even though I carry $5,000,000 liability). If the company goes kaput, so be it... The idea is to get your personal loan out and away from the company as quickly as possible.
This is why I am not on the payroll.
Your on the right track.
Now I have different companies own different stuff. My
:confused1:
gaff means house youse ting tong...555
Quote from: "GORDY GAMBINO"
We saw your house. Shen Li posted a picture of it. Even cockroaches wouldnt go in there.
Those are skirting board pics.
It's when I had her nigga fucked arse up in the air given her the convict rumpy pump that she tooky clicky clicky like a typical fucken slitty eyed g@@k.
Your turn to play railway on her arse.
Choo fucken choo.
toot fucken tood.
Quote from: "GORDY GAMBINO"
It's when I had her nigga fucked arse up in the air given her the convict rumpy pump that she tooky clicky clicky like a typical fucken slitty eyed g@@k.
Your turn to play railway on her arse.
Choo fucken choo.
toot fucken tood.
You did, did you? Did she max out what's left of your credit cards or just take the deed to your slum house?
Quote from: "GORDY GAMBINO"
In what language, pray tell?
The gutter mouthed, burbling, shit speak that blurts out of your ugly, bald, head, is something that only the brain damaged can fully understand.
Quote from: "Renee"
Quote from: "GORDY GAMBINO"
In what language, pray tell?
The gutter mouthed, burbling, shit speak that blurts out of your ugly, bald, head, is something that only the brain damaged can fully understand.
In that case, TD would understand it.
Quote from: "Angry White Male"
I am in a position to do so, as I am one of the businesses that they were referring to, that "pay no tax."
If I plunk, say, $200,000 of my
This is very simple to understand. I can carry my losses forward to the next year, and if I couldn't, there'd be no incentive whatsoever to even buy the equipment, as I could simply let my money sit in a Savings account, tax free, just like your chequing and savings accounts are.
bullshit
Quote from: "Herman"
Bullshit?
Perhaps you should tell that to the accountant I paid $1200 to. And also to the Revenue Canada investigator that audited my company... He must be wrong too!
Quote from: "Angry White Male"
Quote from: "Herman"
Bullshit?
Perhaps you should tell that to the accountant I paid $1200 to. And also to the Revenue Canada investigator that audited my company... He must be wrong too!
But, the audit was on pas years Mel.
The audit was for last year, which is exactly the timeframe that I'm talking about.
Anyways, I'm done with this thread. I'm not going to keep repeating myself over and over.
I just thought I'd explain why a small handful of businesses pay no tax, but that seems like a complicated matter for people here to understand.
Don't blame us because you fell for the fairy tales of a sleazy accountant.
Quote from: "Shen Li"
I don't cook the books, and the accountant is legit.
How can I be certain? Remember how I said I was audited by the CRA? Well, that means I was audited by the CRA. 100% legit operation.
The CRA should go pick on minorities and newer immigrants... Those are the types that like to cook the books. This White boy rolls legit!
Quote from: "Angry White Male"
Quote from: "Shen Li"
I don't cook the books, and the accountant is legit.
How can I be certain? Remember how I said I was audited by the CRA? Well, that means I was audited by the CRA. 100% legit operation.
The CRA should go pick on minorities and newer immigrants... Those are the types that like to cook the books. This White boy rolls legit!
I give no fucks if you cook he books or not. I consider avoiding paying tax a person's duty. But, I know what you said about writing off an entire loan on your taxes is not true.
It is true, Herman.
You just cannot understand it.
Quote from: "Angry White Male"
You just cannot understand it.
On the contrary, I recognize bullshit a mile away.
And so you know, I used to be part owner of an oilfield services business. I know what can and cannot be deducted against income even thought you don't.
I'm done with this thread.
Herman, you were part owner of nothing... If you were an owner, you wouldn't fight my facts in this simple thread.
I'm done. The posters here cannot comprehend what I state.
I simply wanted to explain why a small handful of businesses pay no tax, but even using laymen's terms, seems to short-circuit the reg's here...
I'm sorry I even brought it up.
Quote from: "Angry White Male"
Herman, you were part owner of nothing... If you were an owner, you wouldn't fight my facts in this simple thread.
I'm done. The posters here cannot comprehend what I state.
I simply wanted to explain why a small handful of businesses pay no tax, but even using laymen's terms, seems to short-circuit the reg's here...
I'm sorry I even brought it up.
You said you were done with this thread already, but still come back to say everyone else is wrong including business owners like Herman and GORDY.