#1
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OT - Family Values
Tim McNamara wrote:
You also forgot to mention that in the US in most states, there is no sales tax paid on things bought wholesale to be resold in some form. * Hmmm. *Tax advantage: *business owner. SJM wrote: Not really an advantage. If you don't resell it and instead use it internally you are obligated to fork over the tax later. Then Chalo wrote: --and deduct the expense from your taxable income, unlike when you buy the same item for your household. Chalo I was waiting for somebody to use this classic myth and I knew it would be Chalo. I already know you won't believe this Chalo so I'm only responding to those willing to learn another simple premise of business and "write offs". Business Rule 1# - You pay the government first. Regarding business expenses deducted from your taxable income remember this. YOU GOTTA MAKE IT BEFORE YOU CAN TAKE IT, PERIOD. And Chalo, TFT untaxes necessities for all Americans. Lowers the retail price of goods and services. Eliminates the IRS. Constitutionally guarantees Congress can _never_ confiscate property again without the will of the people. Best Regards - Mike Baldwin |
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OT - Family Values
"Michael Baldwin" wrote in message
... And Chalo, TFT untaxes necessities for all Americans. Lowers the retail price of goods and services. Eliminates the IRS. Constitutionally guarantees Congress can _never_ confiscate property again without the will of the people. You forgot to mention eliminates punctures, is a better lube than oil or wax, and is laterally stiff yet vertically compliant. |
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Clive George writes:
You forgot to mention eliminates punctures, is a better lube than oil or wax, and is laterally stiff yet vertically compliant. Point well made and taken. By the way, do you happen to know Ian Anderson? We're both Scotts you know Best Regards - Mike Baldwin |
#4
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OT - Family Values
Michael Baldwin wrote:
* *Regarding business expenses deducted from your taxable income remember this. * YOU GOTTA MAKE IT BEFORE YOU CAN TAKE IT, PERIOD. If your business plan includes not having enough taxable income to deduct your business expenses from, you have bigger problems to worry about than the technical specifics of your taxes. And if you have to work twelve hours times seven days a week to keep your business afloat, you should consider a different line of work. There is more to life than that. Chalo |
#5
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On Wed, 17 Sep 2008 11:58:25 -0700 (PDT), Chalo
wrote: And if you have to work twelve hours times seven days a week to keep your business afloat, you should consider a different line of work. There is more to life than that. Oh Chalo, LOL! You're such an opportunist. But Chalo you are correct when you say, "...you should consider a different line of work...." After selling my 1st business, I started two more! The elite despise hard work and those who perform it, especially when it pays off. Every successful entrepreneur completely blows away the elite premise that individuals can not make it in America without government programs, loans, grants or by some how tapping into confiscated property. Of course that's how the elite do it you know, succeed. They get jobs at publicly funded universities and write books for personal gain, totally unrelated to their field of study. Often using university resources in the process. Or the elite who aspire to government positions writing requests for grant money. Of course, these elite have elite friends in "need" of research funding to study the migration of a "something" from one tropical island to another. And then there are the elite members of "the starving artists & machinist guild ". Whom we should all feel indebted to for their contributions toward society. Without grants, they'd never get off their butt's little lone the ground. Has my entrepreneur spirit made me wealthy Chalo? No, not by elite standards. But it has made me realize that some people choose to measure success by how well they use the system rather than how hard somebody else beats it. just regards - Mike Baldwin |
#6
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OT - Family Values
Michael Baldwin wrote:
[...] The elite despise hard work and those who perform it, especially when it pays off.[...] Cut the talk radio nonsense - the "liberal elite" exists only in the imagination of right-wing shills and political consultants. The real economic elite despise hard work and those who perform it, which is why they always attempt to establish permanent class systems and hereditary privilege. The real elite never have to do hard work, since they inherit millions or billions of dollars. -- Tom Sherman - Holstein-Friesland Bovinia "America is like a casino. Almost everyone loses, some make it big, and the owners always win." - Anon. |
#7
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OT - Family Values
Michael Baldwin wrote:
[...] **The elite despise hard work and those who perform it, especially when it pays off.[...] Tom Sherman wrote: Cut the talk radio nonsense - the "liberal elite" exists only in the imagination of right-wing shills and political consultants. Rough day at the spelling bee Tom? You seem overly anxious. Anyway, sorry brother. I was going to write "wanna-be elites" but I thought that may have offended the "real elites". Talk radio bores me Tom. I never get the jokes. Like Joe Bidens joke "Hey, Chuck, stand up, let 'em see you." I don't get it. Best Regards - Mike Baldwin |
#8
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SJM writes:
Funny, you think you are using the system, when in fact the truly elite are using you as a cog in a global empire that is, apparently, beyond your capability of grasping. SJM (an entrepreneur that despite some success, still knows where he stands within the empire). My apologies SJM, I clarified my post for you below. Has my entrepreneur spirit made me wealthy Chalo? No, not by elite standards. But it has made me realize that some people (THE ELITES) choose to measure success by how well they use the system rather than how hard somebody else beats it. (SUCCESSFUL ENTREPRENEURS) As I've admitted here in the past, I'm my own worst enemy. I look upon others as equals, regardless of their perceived status in this short life. That flaw leaves me exposed and defending myself against those who have a different perspective on the matter. For you or anyone else who feels they're a "cog in a global empire" I suggest you may find, as I have, an inner peace in the tao. Best Regards - Mike Baldwin |
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