Re: By the numbers: Who Wins, Who Loses

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Article #206

#206

From: aemeijers
Date: Sun, 05 Nov 2006 12:15

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"ChairMan" <why4@fu.com> wrote in message 
news:454d8378$0$2912$9a6e19ea@unlimited.newshosting.com...
> In news:1162216979.504131.200330@f16g2000cwb.googlegroups.com,
> rick++ <rick303@hotmail.com>spewed forth:
>>> Has it gone up?  I thought it was 15%.
>>
>> Its 15.3%.
>> At the top end SS taxes increase $428 in 2007.
>>
>>
>> I dont believe there is a self-employeed handiman who
>> pays self-employment taxes.
>
> I'm not aware of any way of getting around self employment tax.
> Care to enlighten me?
Never hired a independent home-repair guy, huh? Many, if not most, offer a 
discount for being paid in cash. Think about it. No check, no paper trail, 
nothing to declare. The trick is to declare just enough to not set off the 
alarms in the IRS computer. IOW, make sure your tax liability is within some 
certain per centage of previous year.

And yes, there are people living totally 'off the books', doing cash 
business only. Some have a day job and just do the moonlighting off the 
books. (common with specialized trades like electricians.)

aem sends....

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Subject: Re: By the numbers: Who Wins, Who Loses
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