Promises, promises

[Mark Bernard]

I don't think Buells are that evil ;)

Wicked at times maybe, but not evil ;D

 ;)

[cornercamping]

If thats the way you really feel... Come to Gingerman on July 31st. Saddle up and lets see how my "junk" runs against you.  ;)

 8) ;D

[The_Truth]

Nope.  There's no need for me to explain my financial issues with you guys.  What's the purpose? Nothing anyone says is going to change the way I do things, so there's no need to discuss it.

I second what Old808 says: BUSTED!

[cornercamping]

I second what Old808 says: BUSTED!

Alright, since it's winter and I'm bored, I'll explain how it works.

First, I get a base salary.  Then, I get commision and bonus paid quarterly.  So, I get taxed 3 seperate times..  I get a W2 for salary, and 1099 for the rest.  Then, I have investment accounts, ect.  Then, I get hit with a W2G by the casino's, and uhm.. well, I don't have any good right off's.   There, that's it.  Don't ask me why, cause my accountant handles it.  Don't ask me questions on why this and that, cause I don't know.  My account tells me to cut a check to the IRS for this, and I  do it.  

[K3 Chris Onwiler]

If thats the way you really feel... Come to Gingerman on July 31st. Saddle up and lets see how my "junk" runs against you.  ;)

Hooooooooo!!!!!!  Ouch!!!!

Well, that's as good as a gaurantee that Dan won't be showing up at Gingerman on July 31st! ;D

[PJ]

Loud, noisy, and junk  ;) ;D

Talk like that will not get you any extra breathing room when I bellow past you on the track. Oh, that's right, you don't even race. All you have is talk, and some of us are getting tired of it.  ::)

[CCSRacer114]

Alright, since it's winter and I'm bored, I'll explain how it works.

First, I get a base salary.  Then, I get commision and bonus paid quarterly.  So, I get taxed 3 seperate times..  I get a W2 for salary, and 1099 for the rest.  Then, I have investment accounts, ect.  Then, I get hit with a W2G by the casino's, and uhm.. well, I don't have any good right off's.   There, that's it.  Don't ask me why, cause my accountant handles it.  Don't ask me questions on why this and that, cause I don't know.  My account tells me to cut a check to the IRS for this, and I  do it.  

1.  If you receive W-2 income from a company, then you should not receive 1099 income.  1099 income is "Non-employee income", while W-2 income is "Employee income".  Your company is under-reporting Social Security and Medicare taxes - a violation of federal law.

2.  W2G income is offset by casino losses... you only pay tax on the difference.

3.  Investment accounts are only taxed if they are mutual funds (which have fund distributions) or YOU have executed trades which have resulted in a capital gain - for which you are taxed at the appropriate rate - long or short term.

4.  Employee expenses should be reimbursed by the employer.

5.  A "write off" is only good if you have taxes to "write off" against, and only helps minimize the tax bite, but doesn't help your adjusted gross income (line 34).

I'm off to bed now.
 
 ;)

[H-man]

Alright, since it's winter and I'm bored, I'll explain how it works.

First, I get a base salary.  Then, I get commision and bonus paid quarterly.  So, I get taxed 3 seperate times..  I get a W2 for salary, and 1099 for the rest.  Then, I have investment accounts, ect.  Then, I get hit with a W2G by the casino's, and uhm.. well, I don't have any good right off's.   There, that's it.  Don't ask me why, cause my accountant handles it.  Don't ask me questions on why this and that, cause I don't know.  My account tells me to cut a check to the IRS for this, and I  do it.  

DAMN boy, you really are thick!

NONE of the past posts have a think to do with your income!!  It doesn't matter how you get your money.  It doesn't matter where you get your money.  Noone gives a damn how much money you make!

It started out as friendly advice to save you time and your company money.  Then the issue of whether the expense s/b bourne by the company and why that's better than you deducting it.

That's it for me on this topic.  You're too annoying for me.

[Burt Munro]

Loud, noisy, and junk  ;) ;D

Bernie,

I'm sorry dude!  I promise, I never, ever told him about you and your bellypan adventure at Topeka last year!  I have no idea where he got the 'junk' comment from :-[

 ;D

[cornercamping]

You guys are SO easily shaken it's halarious.  

Did you guys know that Dan killed Hitler  ;D ;D ;D ;D

Next topic...

Note for you guys to write down: IF YOU start a fire, Dan will throw 50 gallons of VP on it and walk away.

:-*

Why in world would any of you think that I would disclose my personal financial matters PERIOD on the internet?  

Everyone starts a fire, like this stupid thread that has covered 10 different topics about Dan, and then I get yelled at for thrown some VP on it sooner or later.   ???

[cornercamping]

Oh, that's right, you don't even race. All you have is talk, and some of us are getting tired of it.  ::)

Uhm... yeah I do race.  If you look at race results, I've raced before.  In all reality, I've probably raced more than H-Man.

I've raced a couple WERA rounds, and a couple of FastTrax rounds, which by the way are sanctioned by CCS.  So, I'm not a racer again why?   Did I say also that I more than likely did DOUBLE the track days in 2003 than you did races in 2003 AND 2004.  That doesn't count though either, since I'm not racing for points and all.  What about the fact that I hold a valid CCS and WERA license.  

Just because I didn't have time to come race round after round this year because of work doesn't make me any less of a racer than you.  


 :-*

[cornercamping]

DAMN boy, you really are thick!

NONE of the past posts have a think to do with your income!!  It doesn't matter how you get your money.  It doesn't matter where you get your money.  Noone gives a damn how much money you make!

It started out as friendly advice to save you time and your company money.  Then the issue of whether the expense s/b bourne by the company and why that's better than you deducting it.

That's it for me on this topic.  You're too annoying for me.

H, in all seriousness, do you honestly think that I would be where I'm at if I was half the idiot I act like?  My employment is more than verifable.  Seriously?

Like I said before, you started this fire.  I just threw some VP on it for entertainment  ;)