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Join Date: Jul 2005
Posts: 3,085
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As I said simple math, not effective tax rates.
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Peter '79 930, Odyssey kid carrier, Prius sacrificial lamb Missing  997.1 GT3 RSnil carborundum illegitimi |
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11-09-2006, 04:11 AM
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Who is John Galt?
Join Date: Jun 2003
Location: Knoxville, TN
Posts: 638
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'79 911sc Targa '02 slk230 kompressor '84 Tamiya Falcon A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. |
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11-09-2006, 04:21 AM
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Registered
Join Date: Sep 2002
Location: dfw tx
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oops been covered already.
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72 914 2056: 74 9146 2.2: 76 914 2.0 Last edited by hardflex; 11-09-2006 at 07:24 AM.. |
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11-09-2006, 07:14 AM
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Senior Member
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Location: Lacey, WA. USA
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Man of Carbon Fiber (stronger than steel) Mocha 1978 911SC. "Coco" |
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11-09-2006, 08:36 AM
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Banned
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Just some 'friendly' advice. 
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11-09-2006, 08:37 AM
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Banned
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11-09-2006, 08:38 AM
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Too big to fail
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$300k earner will have ~$83k taken from his pay ~31.6%
This is a red herring: guys pulling in that kinda green pay accountants to get that $83k closer to $24k.
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"You go to the track with the Porsche you have, not the Porsche you wish you had." '03 E46 M3 '57 356A Various VWs |
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11-09-2006, 09:36 AM
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Join Date: Feb 2004
Location: Granite Bay, CA
Posts: 767
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I have to disagree, that statment in itself is a redhearing statement. And I believe most peopel actually believe your statement to be true, when in fact it isn't. That may be the case for a business owner, but you'd have to have real expenses to deduct to get you income down. A w2/1099 earner would have very limited avenues available to reduce that income. One option might be owning rental real estate as a business, but you'd still have to shell out cashflow to create a deduction. Shell out a $1.00 expense for a .35 deduction. They'd still be out .65
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99 supercharged Boxster 1977 911 race car - gts (sold) Spec 911 Racing Porsche Racing Club |
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11-09-2006, 12:01 PM
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