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Declare camgirls as your dependents.
Something Awful and Friends - The roller-coaster train-wreck embarrassing downfall of a Web 1.0 giant and its tick offspring like from Cloverfield
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Leonard Helplessness
kiwifarms.net
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- Nov 28, 2018
My (limited) understanding is thus: Businesses get taxed on their profits, which are the business's revenues minus expenses. There are a lot of rules about what constitutes a tax-deductible business expense and how various expenses (especially big ones, like construction/purchase of large assets) are calculated, though businesses -- especially small businesses -- will happily ignore, bend, and outright violate those rules all the time. In part this is because a lot of the rules fucking suck and don't make any sense unless you're a professional moneysperg; in part this is because small businesses think they can get away with it because the IRS isn't ever going to come take a shit in my mouth, right?
Employee compensation is a big deductible expense; in many types of business it's the single biggest expense of them all. If you're a business owner who cares less about your business having money than you do about depriving the feds of money, then by all means, pay your employees more and let the money wind up as taxable income on their returns instead of yours just kidding, you'll wind up having to pay FICA tax, fed/state unemployment insurance tax, and other shit on those extra dollars that you pay out anyway. Hell, set up a fancy fucking employee benefit program with shit like health insurance that your business pays for; the premiums are deductible on the business's tax return but do not constitute taxable income for the employees who are now covered by health insurance. That particular tax loophole became so popular with so many employers as the years went on that Obamacare was designed in large part around the idea that since so many employers pay for health insurance already, why not just force as many employers as feasibly possible to pay for health insurance in order to guarantee health insurance coverage for a huge swath of the population? Obamacare in the form that was signed into law after all the compromises that were made for the sake of forcing it through is a shitstorm that I will not get into.
Amounts paid out to self-employed contractors providing services are also a common deductible expense. If Richard was treating Logan as an advertising contractor then the payments to her could potentially be considered tax deductible in the same way that setting all your business's cash on fire and calling it a "promotional stunt" could potentially be considered tax deductible. In either case, it reduces the number of dollars considered "business income" for the purpose of determining the tax you owe, which works up until the IRS notices that something fucky is going on with your numbers, demands substantiating documentation for all the expenses you're reporting, and sends people to your premises to terrorize your employees. They have a very lenient statute of limitations on their side as well, so they can take their fucking time and then hit you for several years' worth of tax fuckery at once.
If the IRS really hates you, they'll determine that the Bonfire O' Benjamins stunt you pulled at the local park was not performed in the course of ordinary business, ergo you took that money from the business yourself and burned it as a personal statement rather than as a way of advertising your business, ergo you owe taxes on that money and since you cannot pay those taxes because you just burned all your fucking money, the IRS is going to seize everything you have and then bill you for the time and effort it took to do so. Also, burning all that cash was a federal crime, so congratulations on that too.
But I digress; we're talking about Logan Day. Right. Payments to independent contractors for services. If Logan Day really is considered an independent contractor, then sure, it looks like you could pay her a bunch of money and call it "advertising" and it'd be an expense for you, self-employment income for her. She might even still be in a lower tax bracket when all is said and done, so congratulations, less total taxes owed by you both. Due to the way progressive income taxation works, one way to minimize your tax bill is to make it look like some of the money you're earning is actually being earned by somebody else whom you trust to slip the money back to you underneath the table in some fashion or another.
There's just one problem with this strategy: The feds have seen literally millions of people pull that shit with closely held businesses, business partners, friends, girlfriends, boyfriends, family members, and who knows what else. Progressive taxation is prone to loopholes, and the IRS has become extremely good at identifying and closing them. For payments to independent contractors, the IRS has a specific rule that it uses to stop a huge amount of bullshit: In order for the transaction to be valid (e.g. the business is actually paying the contractor for services; the business owner is not simply taking the business's money for personal uses that include partying with a thot who happens to scribble on your website every now and again) the parties must be at arm's length. That is to say, both the business and the contractor must be acting in their own self-interest, or else the transaction is not valid and the payment is not a deductible business expense; it's just random non-deductible personal shit.
That's my understanding of this particular situation, anyway. The usual caveat applies in that none of this is tax advice and you should ask a CPA or something for a definite answer.
But I do think one thing is pretty clear here, and that's that the arm's length standard is seriously in question when it comes to whatever is going on between Richard and Logan Day.
- Joined
- Jan 9, 2020
If LowT goes to prison for tax evasion via siphoning funds to his slam whale yall gotta just shut this site down because nothing will top that.
- Joined
- Nov 4, 2017
There's a fisting joke here somewhere.
Leonard Helplessness
kiwifarms.net
- Joined
- Nov 28, 2018
In looking around for this I did find something that's totally not a play to score victim points off the literal death of somebody else.
There's a thread about the virus in D&D, but it's hard to tell what's going on at all amid the slapfighting. Oh, and see attached if you're a total ghoul.
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- Joined
- Apr 10, 2016
Someone obviously told farting pancreas girl that she was shacked up with a goon, so she took poison.
- Joined
- Jan 12, 2019
He chose to be Cincinnatus, a character of highly dubious historical truth who was the archetype of the Good Emperor in Rome and an icon for people who believed in the Classical tradition.
An Account
kiwifarms.net
- Joined
- Feb 25, 2019
I’d drink myself to death too if I were shacked up with a goon for six years.
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Loose Goose
kiwifarms.net
- Joined
- Dec 12, 2019
Beyond their overindulgence in bacon, you can unfailingly recognize goons by their retarded hatred for villages. Every time this issue crops up, there is a retard piping up in favor of bulldozing rural communities and replacing them with planned megacities consisting of featureless concrete blocks and shitbox apartments. It is like clockwork.
I started noticing the pattern in the late 2000s, and it works without a fail. These sad critters hate pastures and cows and shit.
I started noticing the pattern in the late 2000s, and it works without a fail. These sad critters hate pastures and cows and shit.
Vapewizard
kiwifarms.net
- Joined
- Oct 22, 2019
These people are making me develop a kneejerk reaction to the word 'ghoul' just like the word 'chud' before.
- Joined
- Mar 15, 2016
In a village, everyone gets to know everyone else and what they're up to. It's hard to hide the fact that you're a child molester in an environment like that.
- Joined
- Feb 13, 2017
Washington's greatest legacy by far as a military leader was firmly establishing the principle that the military must always, always, always subordinate themselves to the civilian leadership of America. Without that we could easily have ended up as coup-ridden as any south american banana republic.
This is just incredibly stupid. We're not living in the 1800s anymore, are we? Modern-day villages aren't going to have any of those problems, they've literally all been solved.
Emperor Julian
kiwifarms.net
- Joined
- Dec 20, 2015
I've had the dubious honor of living in a village with a rapist and sadly its actually easier, since they can hide in plain site and you're willing to give the persona the benifit of the doubt due to personal connections.
- Joined
- Jan 12, 2019
Wait, it's wrong to treat women like property? That's news to me.
- Joined
- Mar 15, 2016
That sucks. I grew up in rural England, and everyone knew everyone else's dirty secrets. Shame is a great way of keeping people in line
- Joined
- Dec 28, 2014
SA SJWs are solely about narcissism. Look how loudly they scream about plastic straws because they might have to, I dunno, actually expend effort to swallow sugar water instead of just consuming it like some kind of insect.
Ilmseil
kiwifarms.net
- Joined
- Jul 3, 2018
What a fucking faggot. Where's Aran with his truck and length of sturdy rope when you need him? I bet master nazi infiltrator PPJ knows!
- Joined
- Aug 25, 2017
You have obviously never heard of the toP loP as proposed by our very own Luke Lockhart. You force migrate everyone into giant megacities with high population density leaving rural areas pristine except for collective farms staffed by citizens who've been screened to not harbor any wrong opinions commonly held by inbred rednecks. You don't want your communist farms going rogue. The rest of the citizenry get to enjoy the countryside via high speed trains both through the window and at stops in national parks and preserves.