[Rhodes22-list] Tax Advice?

[Philip]

Slim,
    Has your price for a performance ever gone up or do you charge the same
as when you started?  Do you consider your Net or only the Gross?  If you
charge more the places you perform have to figure that into the price of
their goods and services or even consider not having live entertainment, if
that is an option.

Philip


 -----Original Message-----
From: 	rhodes22-list-bounces at rhodes22.org
[mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of Slim
Sent:	Sunday, November 12, 2006 4:09 AM
To:	Rhodes22-list
Subject:	[Rhodes22-list] Tax Advice?

My company pays taxes.  I run a company of one.  I'm the chief, cook and
bottle washer.  I file as a self-employed independent contractor and pay
taxes every year.  I'm sure I could find a crooked accountant to figure out
how to show a loss every year.  Am I being stupid not to?  Is it worth
looking over your shoulder for the next 7 years?

I could form a S-Corp and avoid some taxes and other liabilities and be
eligible for group health but there's some up-front expense that I'm not
sure I'm ready for.  I don't know.

I invest in my SEP IRA (mutual funds) and also my ROTH IRA.

Any advice?

Slim

On 11/11/06 9:28 PM, "Brad Haslett" <flybrad at gmail.com> wrote:

> MJM,
>
> You are correct.  Companies don't pay taxes.  They build the cost of taxes
> in to the cost of their goods and services and the consumer pays the
taxes.
> When companies distribute profits, the shareholders (who are the ones who
> pay taxes to begin with) are taxed again.  It really is that simple.
>
> Brad
>
>
> On 11/11/06, Michael Meltzer <mjm at michaelmeltzer.com> wrote:
>>
>> There is a simpler problem, the only people who will pay taxes will be
>> people with w2 income, everyone else including the company will figure a
>> way
>> out of it. It really that simple
>>
>> -mjm
>>
>> -----Original Message-----
>> From: rhodes22-list-bounces at rhodes22.org
>> [mailto:rhodes22-list-bounces at rhodes22.org] On Behalf Of Philip
>> Sent: Saturday, November 11, 2006 8:59 PM
>> To: The Rhodes 22 mail list
>> Subject: RE: [Rhodes22-list] Taxes.
>>
>> Bill,
>>   Not distribution but re-distribution.  I don't like anyone taking from
>> me
>> to provide to others.  That should be charity.  I like to enjoy the
fruits
>> of my labors, and I resent others enjoying the fruits of my labors when
>> they
>> are not entitled to them.
>>
>> Philip
>>
>>
>> -----Original Message-----
>> From:   rhodes22-list-bounces at rhodes22.org
>> [mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of Bill Effros
>> Sent:   Saturday, November 11, 2006 2:37 PM
>> To:     The Rhodes 22 mail list
>> Subject:        Re: [Rhodes22-list] Taxes.
>>
>> Philip,
>>
>> It's always a distribution of wealth issue.
>>
>> Bill Effros
>>
>> Philip wrote:
>>> I don't mind paying my fair share and I don't care if it is going to the
>>> Constitutionally authorized appropriations.  I resent paying when it
>> becomes
>>> a distribution of wealth issue.
>>>
>>> Philip
>>>
>>>
>>>  -----Original Message-----
>>> From:         rhodes22-list-bounces at rhodes22.org
>>> [mailto:rhodes22-list-bounces at rhodes22.org]  On Behalf Of
>>> R22RumRunner at aol.com
>>> Sent: Friday, November 10, 2006 2:37 PM
>>> To:   rhodes22-list at rhodes22.org
>>> Subject:      [Rhodes22-list] Taxes.
>>>
>>> Brad,
>>>
>>> I am neither conservation or liberal. My wife swears I'm a closet
>>> conservative, but I deny all.
>>> I am glad to have the opportunity to pay taxes. As a citizen, I accept
>> the
>>> responsibility and make every effort to make my tax returns as accurate
>> as
>>> possible.
>>>
>>>
>>> Rummy
>>> __________________________________________________
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