| Posted by: Crummy at September 1, 2007, 4:01 am | | Topic: New Tax Law Forum: Card Chat |
Quote: Originally Posted by MrSticker
Exactly! They just take 25% with the win so you don't have to pay it later with your tax return (some don't bother at all). If you apply your deductions correctly, you can get a lot of this back in the form of a refund. Study up on what is deductable and what isn't. You'd be surprised.
I didn't relize how much stuff could be written off until I owned my own business. I have an "Office" in my house so I can write off 40% of my morgate, 40% of all of my bills, including electric, internet, cable ect.... I write off my car, my cell phone, any clothing purchase, all of my lunches, and most of my dinners.....lets see what else....obviously all of my business stuff....My actual office space rent and the cable, water, electric, ect. in my office. Its GREAT!!!!!
Only downfall is that I have to pay my sales tax three months, and the rest of my taxes at the end of the year. And the more you make, the more you pay!!!!!!!
Maybe since I have to pay a crap load more taxes than the everage person that is why I think this is high.....As a business owner you get a lot of write off's and so called "tax breaks" but you don't really see them.
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