Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Union Dues
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="satellitedriver" data-source="post: 467947" data-attributes="member: 1664"><p>No assumption on my part, just observation of tax law.</p><p>Expense is debt, interest is debt.</p><p>Yes, you can get more deductions, if you are paying out more. (ie; debt).</p><p>Case in point.</p><p>Last years taxes, on a filing married jointly, on reported income of $100,000, incurred a tax rate less than 14%, on the short form.</p><p>I would rather be debt free and keep 86% of my earned, income than just get a percentage of my debt service "returned" to me from the IRS.</p><p></p><p>Lawyer speak aside, my point was simply that you actually have more money in your pocket, if you are debt free.</p><p>In lawyer speak, it was presumptuous of you to ignore the evidence.</p><p>I assumed that only getting a portion of your debt load returned to you from the govt., might not be the wisest fiscal decision.</p><p>BTW, </p><p>I used every legal deduction on the books when I ran my farm, blacksmith business and stained glass business.</p></blockquote><p></p>
[QUOTE="satellitedriver, post: 467947, member: 1664"] No assumption on my part, just observation of tax law. Expense is debt, interest is debt. Yes, you can get more deductions, if you are paying out more. (ie; debt). Case in point. Last years taxes, on a filing married jointly, on reported income of $100,000, incurred a tax rate less than 14%, on the short form. I would rather be debt free and keep 86% of my earned, income than just get a percentage of my debt service "returned" to me from the IRS. Lawyer speak aside, my point was simply that you actually have more money in your pocket, if you are debt free. In lawyer speak, it was presumptuous of you to ignore the evidence. I assumed that only getting a portion of your debt load returned to you from the govt., might not be the wisest fiscal decision. BTW, I used every legal deduction on the books when I ran my farm, blacksmith business and stained glass business. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Union Dues
Top