Why don't black people tip? - Page 21

Fleck750 · 11-20-2009, 10:23 PM

No. You make good points, but I would rather claim 20k a year and pocket the other 30k.

30k would buy a decent car, and properly stashed, you could retire sooner than you think.

Flexin · 11-20-2009, 10:32 PM

Quote:

Originally Posted by Fleck750

No. You make good points, but I would rather claim 20k a year and pocket the other 30k.

30k would buy a decent car, and properly stashed, you could retire sooner than you think.

Wrong it just makes for a big headache later. If you have a business and the tax man comes looking for you then you have to be able to explain where your money came from. If you have a brand new car with no payments on it they are going to ask how you paid for it. If you are going to make payments on it you first have to make enough to afford the loan. Second you have to be bringing in enough to make the payments. You can't just take cash out of your stash and make the payments.

I heard of someone doing that. I heard they had a fun time trying to pay the tax bill they were given when the tax man came down on them.

I don't need that headache.

And I just don't want one car. I need to show money on paper. I want a new house. I want a boat and so on. In that case, cash isn't king.

James

Rangerscott · 11-20-2009, 10:28 PM

All I wanna know is if I can file the tips I give as donations when tax season comes around.

Fleck750 · 11-20-2009, 10:40 PM

The barter system is alive and well. Know plenty of people who manage to have things that their income doesn't allow.

One of my mother's cars was "given" to her by a client. She did the ladies hair at her house for several years, she was wheelchair bound and didn't need her car anymore.

Flexin · 11-20-2009, 10:46 PM

Quote:

Originally Posted by Fleck750

The barter system is alive and well. Know plenty of people who manage to have things that their income doesn't allow.

One of my mother's cars was "given" to her by a client. She did the ladies hair at her house for several years, she was wheelchair bound and didn't need her car anymore.

I'm not a huge fan of the barter system. I have bartered things before but in a lot of cases I don't feel it always works out for both people the same.

James

11-20-2009, 10:23 PM	#1
Fleck750 Spiker bike Join Date: Feb 2009 Location: KCK Moto: KZ750 Posts: 1,629	No. You make good points, but I would rather claim 20k a year and pocket the other 30k. 30k would buy a decent car, and properly stashed, you could retire sooner than you think. __________________ I ride way too fast to worry about cholesterol. ~Author Unknown

11-20-2009, 10:40 PM	#4
Fleck750 Spiker bike Join Date: Feb 2009 Location: KCK Moto: KZ750 Posts: 1,629	The barter system is alive and well. Know plenty of people who manage to have things that their income doesn't allow. One of my mother's cars was "given" to her by a client. She did the ladies hair at her house for several years, she was wheelchair bound and didn't need her car anymore. __________________ I ride way too fast to worry about cholesterol. ~Author Unknown

11-20-2009, 10:28 PM	#3
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	All I wanna know is if I can file the tips I give as donations when tax season comes around.