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The Water Cooler
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Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
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<blockquote data-quote="Billybob" data-source="post: 1788938" data-attributes="member: 1294"><p>Yeah, I know a couple of families like that, and when you mix your show horses into the "ranch" it's another tax break for luxuries.</p><p></p><p>And it happens at "lower levels" also. One of my sisters has an "S corporation", her vehicle, house rent, and virtually all expenses for her life and her daughter and SIL who live with her come out of the corp., but since the "corp." only pays her minimum wage that's all she's taxed on. And since the corp. spends so much to support it's "officers" it makes little or no profit and pays little or no taxes.</p><p></p><p>I have another sister who owns a business, she owns it,(shadow owner) because her husband had long term issues and was so illiterate he couldn't pass the test required for the professional license to run a company dealing with dangerous chemicals,(but he's a good ******** salesman). They've been busted two or three times for tax issues, but since they can afford to hire a tax lawyer for a settlement and only end up paying 1/3 of what they owe it pays them to keep cheating.</p><p></p><p>But hey it's all "legal" so let's just ***** about the poor and elderly not paying "their share".</p></blockquote><p></p>
[QUOTE="Billybob, post: 1788938, member: 1294"] Yeah, I know a couple of families like that, and when you mix your show horses into the "ranch" it's another tax break for luxuries. And it happens at "lower levels" also. One of my sisters has an "S corporation", her vehicle, house rent, and virtually all expenses for her life and her daughter and SIL who live with her come out of the corp., but since the "corp." only pays her minimum wage that's all she's taxed on. And since the corp. spends so much to support it's "officers" it makes little or no profit and pays little or no taxes. I have another sister who owns a business, she owns it,(shadow owner) because her husband had long term issues and was so illiterate he couldn't pass the test required for the professional license to run a company dealing with dangerous chemicals,(but he's a good ******** salesman). They've been busted two or three times for tax issues, but since they can afford to hire a tax lawyer for a settlement and only end up paying 1/3 of what they owe it pays them to keep cheating. But hey it's all "legal" so let's just ***** about the poor and elderly not paying "their share". [/QUOTE]
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Ron Paul Is Secretly Taking Over The GOP And It's Driving People Insane
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