1099 tax rules

[To(meany)Tang]

Master plan:

1. Last year scare businesses and hobbyist with taxes to see how much profits dropped.
2. This year cancel taxes again to see how much profits went up.
3. Evaluate losses and gains over 2 years and see margins.

Then the tax God's come in and suck us dry

 

[albano]

crapppp

Or is it crrr app

 

[Spicy Reef]

1099, what's that...
If you run a business, it's money in money out. Make sure you have plenty going out and you don't have to worry about the tax man.

If you have too much coming in then you deserve to pay taxes for overcharging on corals -

 

[BroccoliFarmer]

I always find it entertaining with people insisting that 'others pay their fair share' but once the tax man cometh for thee, people start getting upset about an over intrusive and wasteful government. The arguments that people make really are twisted into pretzels. Dont get me wrong..i fully think that the government is wasteful and intrusive, but expecting someone else to always foot the bill reminds me a lot of teenage dating..yeah, you pay for dinner, the movie, gas, etc...but unlike the government...I wasnt getting screwed.

 

[albano]

…reminds me a lot of teenage dating..yeah, you pay for dinner, the movie, gas, etc...but unlike the government...I wasnt getting screwed.

Was it because of the broccoli?

 

[BroccoliFarmer]

Was it because of the broccoli?

They do say broccoli which makes you gassy....Not exactly a good first day conversation starter

 

[To(meany)Tang]

I always find it entertaining with people insisting that 'others pay their fair share' but once the tax man cometh for thee, people start getting upset about an over intrusive and wasteful government. The arguments that people make really are twisted into pretzels. Dont get me wrong..i fully think that the government is wasteful and intrusive, but expecting someone else to always foot the bill reminds me a lot of teenage dating..yeah, you pay for dinner, the movie, gas, etc...but unlike the government...I wasnt getting screwed.

To each their own. If you end up in the system of paying taxes it's just plain unfortunate. Now my ex boss on the other hand who was the Lead at Circle K gas stations. He preached free traveler from A-Z ..govt laws only work to protect the government.. not us anyway he filed as free traveler and exempted out of his taxes. Until this year they snatched 2 grand from him in taxes undetected. They said he has to re-file every year to exempt. Long story short he was mad. Hired a lawyer and idk what happened after that because Circle K fired him for causing a **** storm lol.

 

[quesomuchacho]

I haven’t sold anything, so I think I’m good! This thread makes me feel like a kid listening to the grown-ups talk and I’ve been paying Uncle Sam for … decades (oof).