Article View: alt.consumers
Article #211Re: By the numbers: Who Wins, Who Loses
From: ChairMan
Date: Sun, 05 Nov 2006 21:26
Date: Sun, 05 Nov 2006 21:26
33 lines
2956 bytes
2956 bytes
In news:xBk3h.19695$Fi1.16484@bgtnsc05-news.ops.worldnet.att.net, aemeijers@att.net <aemeijers@att.net>spewed forth: > "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.... he may not pay income tax, but if he shows any income, he pays self employment. I believe the IRS will only allow you to show no profit for 3 years before it starts getting picky.
Technical Details
Message-ID:
<454e10f4$0$31524$9a6e19ea@unlimited.newshosting.com>Path:
arc1-ca.pugleaf.net!g2news2.google.com!news4.google.com!border1.nntp.dca.giganews.com!nntp.giganews.com!nx01.iad01.newshosting.com!newshosting.com!post01.iad01!not-for-mailReferences:
<bearclaw-59CB83.15303325102006@news.supernews.com> <1161868269.094102.287110@b28g2000cwb.googlegroups.com> <0O90h.52000$cb6.8344@newsfe16.lga> <4542C31F.4010003@gmail.com> <67h5k2l6e6n25ifn35st3jmenbcopl9b2f@4ax.com> <1162216979.504131.200330@f16g2000cwb.googlegroups.com> <454d8378$0$2912$9a6e19ea@unlimited.newshosting.com> <xBk3h.19695$Fi1.16484@bgtnsc05-news.ops.worldnet.att.net>Show Full Headers
Complete Article Headers
X-Google-Thread: 10f73f,fa63633239d3a27c X-Google-Thread: 11474a,fa63633239d3a27c X-Google-Thread: 106595,fa63633239d3a27c X-Google-Thread: 107518,fa63633239d3a27c X-Google-Thread: f6c48,fa63633239d3a27c X-Google-Attributes: gid10f73f,gid11474a,gid106595,gid107518,gidf6c48,public X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news2.google.com!news4.google.com!border1.nntp.dca.giganews.com!nntp.giganews.com!nx01.iad01.newshosting.com!newshosting.com!post01.iad01!not-for-mail From: "ChairMan" <why4@fu.com> Newsgroups: alt.consumers,alt.consumers.experiences,ba.consumers,misc.consumers,misc.consumers.frugal-living References: <bearclaw-59CB83.15303325102006@news.supernews.com> <1161868269.094102.287110@b28g2000cwb.googlegroups.com> <0O90h.52000$cb6.8344@newsfe16.lga> <4542C31F.4010003@gmail.com> <67h5k2l6e6n25ifn35st3jmenbcopl9b2f@4ax.com> <1162216979.504131.200330@f16g2000cwb.googlegroups.com> <454d8378$0$2912$9a6e19ea@unlimited.newshosting.com> <xBk3h.19695$Fi1.16484@bgtnsc05-news.ops.worldnet.att.net> Subject: Re: By the numbers: Who Wins, Who Loses Date: Sun, 5 Nov 2006 15:26:44 -0600 X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2900.2527 X-MIMEOLE: Produced By Microsoft MimeOLE V6.00.2900.2527 X-RFC2646: Format=Flowed; Response Lines: 35 Message-ID: <454e10f4$0$31524$9a6e19ea@unlimited.newshosting.com> Organization: Newshosting.com - Highest quality at a great price! www.newshosting.com X-Complaints-To: abuse@newshosting.com