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Detroit51
OC, CA
162 blogs/1908 comments
since Nov 8 2006

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Locked. No further comments permitted.Start an "S" corp
Dec 29 2017 02:46PM more by Detroit51
Tags: Orange County, Current Events (All tags)

I have transferred all my property to my "S" corp which not only shelters all my income but pays for my trips down south. I can also deduct ALL my property taxes not subject to the limitations of the new tax bill. I don't expect to pay any taxes at all (federal) in the 2018 tax year. IF I do pay some it will only be to satisfy the current IRS audit algorithm.

Any wage slaves out there might consider asking the boss if he would still employ you as an "S" corp. Don't forget that if you try it you need to get sufficient income to cover benefits as well or have benefits from a spouse.

The best way to avoid taxes continues to be founding a church but the legal bills are enormous if challenged. Then again Scientology did it so how hard can it be ?

Even though I disagree with the GOP tax laws I'll still take maximum advantage and use my savings to start my church and make a contribution in Fubar's and JAck Daniel's name to the Black Lives Matter cause.
      
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loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Dec 29 2017 03:03PM     link to this

In other words, if you can't beat them, join them!
ColossusJones
AL
240 blogs/4049 comments
since Aug 21 2011

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Dec 29 2017 03:07PM     link to this


It’s not that hard. John Oliver started his own in a week.

Detroit51
OC, CA
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since Nov 8 2006

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Dec 29 2017 03:31PM     link to this

Absolutely. Even though I hate smoking I made 6 figures on buying Phillip Morris stock in 2009. You cannot be a good investor if you let your morality intrude on opportunity. I missed out on much of the Trump rally not because it was bad for the investor class but most because I feared a nuclear war on the Korean peninsula. I took me a while to balance my shorts with the tremendous give away to corporations but I think I have it right now. I did sell my Icaan (CVRR) refinery (70% profit) as I think even red states like Oklahoma will eventually tire of poison wells and ground water...but i COULD BE WRONG. I will make a couple million on small scale nuclear war. keep your fingers crossed for me.
KaiserSoce
CA
222 blogs/5160 comments
since Oct 2 2017

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Dec 29 2017 03:35PM     link to this

Hell yeah! FUCK morality when there is money to be made!!!
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

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Dec 29 2017 03:37PM     link to this

Yes, liberals are high and mighty until it is THEIR money we are talking about. Then the morality goes right out the door....
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 03:43PM     link to this

I am really me!! 😡
Himes_Soul
Torrance, Coastal, LA, CA
1387 blogs/11563 comments
since Nov 9 2011

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Dec 29 2017 03:47PM     link to this

You had better pay yourself a reasonable salary or it will be very painful for you.
TongueLick
Irvine, OC, CA
3 blogs/631 comments
since Aug 22 2009

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Dec 29 2017 03:55PM     link to this

Start your own church, you can worship a head of lettuce and the gov can't say anything or regulate you. Just remember that donations on this site don't count.
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 03:57PM     link to this

I’m always amazed at how many smart, rich and handsome doctors, engineers, rocket scientists, fund managers and Fortune 500 CEOs I meet on the internet.
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 04:13PM     link to this

The paperwork for starting a church is easy....

Numbnuts is right.... having to defend it is very difficult. Supporting how worshiping a head of lettuce requires a significant budget is very technical. Proving sacerdotal duties, providing texts, other literature, schedules, project information.... that stuff is more than just a notion.

Most people would spend far more defending it then the actual money they “raised.”

Minister’s housing allowance is a great tax perk(all related living expenses excluded as taxable income) but the proof of qualification and then proof of expense is incredibly detailed. Since Uncle Sam doesn’t get to pounce on this often.... when he does.... he pounces hard with all 4 feet.
jazz51
Laguna Hills/Woods, OC, CA
258 blogs/12871 comments
since Sep 24 2008

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Dec 29 2017 04:37PM     link to this

Hey frog...who the hell is losing their cool......?????

I was merely asking about a person who hasn't seen anyone in 4 1/2 years...an honest question...

then just commenting on his hypocrisy about morality until it was his money then he was willing to fuck the government and screw his employee.....nice....



CoachMila
Irvine, OC, CA
240 blogs/903 comments
since May 27 2006

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Dec 29 2017 05:53PM     link to this

Interesting
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 06:48PM     link to this

Not a bad idea.

How beautiful you are and how pleasing, my love, with your delights! Your stature is like that of the palm, and your breasts like clusters of fruit. I said, “I will climb the palm tree; I will take hold of its fruit.” May your breasts be like clusters of grapes on the vine, the fragrance of your breath like apples,
and your mouth like the best wine.
Song of Solomon 7:6-9a

Somebody say Amen!
lachineseguy
SGV, LA, CA
2021 blogs/18970 comments
since Mar 3 2006

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Dec 29 2017 06:54PM     link to this

maybe you should just PM that to OP, KS
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 06:58PM     link to this

Naaaa once I PM’d that fucker.... and he wouldn’t stop.

He is really clingy.
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Dec 29 2017 08:14PM     link to this

Lougoo
mcconnoisseur
LA, CA
278 blogs/2383 comments
since Apr 4 2009

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Dec 29 2017 10:20PM     link to this

I need to talk to a tax advisor soon. I probably should've incorporated years ago.
KaiserSoce
CA
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since Oct 2 2017

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Dec 29 2017 10:22PM     link to this

First time I have ever seen an angry thermometer. He’s turning all red.
KaiserSoce
CA
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since Oct 2 2017

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Dec 30 2017 07:33AM     link to this

Hmmmmm... 🌡 thermometer is Dickhead51’s shill? Interesting theory... and makes complete sense. Who else would defend that guy other than himself? I guess we will never know...

As long as he knows the only reason Canada enjoys the freedoms it has is because the former USSR and now Russia know the US would not allow it. Otherwise Canada would have gotten a huge, frozen communist dick up it’s ass decades ago.
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Dec 30 2017 09:22AM     link to this

Kettle?
loucfirr1
LA, CA
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since Jun 29 2008

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Dec 30 2017 09:25AM     link to this

Wait you think Walter is fubs?
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Dec 30 2017 09:26AM     link to this

As in you think fubs would need to make a shill to say mean hateful things on HX?
KaiserSoce
CA
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since Oct 2 2017

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Dec 30 2017 10:30AM     link to this

LOL
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

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Dec 30 2017 07:46PM     link to this

If that's the butt, I want to reach!
There are 24 comments on this blog. This blog is locked and no further comments are permitted.