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Thread: What my atty. had to say about taxes :)

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    Veteran Member 420bUnNy's Avatar
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    Default ......

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    Last edited by 420bUnNy; 11-18-2008 at 09:24 AM.

  2. #2
    Honey71783
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    Default Re: What my atty. had to say about taxes :)

    What happens when you want to buy a house or a car or a boat? How are you going to prove your source of income without an Income Tax Return for the prior fiscal year?

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    God/dess hockeybobby's Avatar
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    Default Re: What my atty. had to say about taxes :)

    You live in one of the greatest countries on the planet. It is the high rent district. You have to pay your rent, like those that came before you. How would your life be without the schools, and hospitals, and grocery stores, and roads etc, that others pitched in and built?

    Low odds of being caught is not a rational reason for committing a crime. There are all kinds of legal ways to reduce your taxes...your friend can help you with that. You needn't pay a penny more than you are legally required to. Wouldn't you prefer to be a fully contributing, participating member of your community?

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    Honey71783
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by 420bUnNy View Post
    He said as long as I have good credit and a healthy down payment I'm cool. And LOL I'm not into boat loans! Auto loans are crap too -- why EVER pay interest on something that depreciates? I pay cash. Don't plan on buying a house for yearrrrs. And if I do in the remotely near future it'll be mostly if not all in cash.
    I was a commercial lender for a large bank for about four years... I DID NOT approve ANY loans without an Inidividual Income Tax Return... Those requests didn't even make it to loan committee for discussion... I had a prospective client, a reputable attorney who had incredible credit and a substantial down payment, get DENIED because he reported only $1,000 on his Income Tax Return (for income tax reporting purposes). Loan committee tossed the request in the garbage can... And, then made me feel like a fool for even bringing the proposal to them... I never brought a loan proposal to loan committee without an Individual Income Tax Return after that... Banks don't support or sell credit products (car loans, mortgages, commercial loans/lines of credit) to people who try to hide or misrepresent their income...

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    God/dess hockeybobby's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by 420bUnNy View Post
    Not really, sorry. I see all the waste in government, and my hand tightens around my purse. Does that make me a bad person? Perhaps in your book, but not in mine.
    Hey listen, I'm not judging you as either good or bad. You were essentially asking "why should I choose to pay taxes?" you're reason being that you thought yourself unlikely to be caught. I gave you some reasons. You are now giving another reason for tax evasion...your remittance will just be wasted, presumably on expenditures you disagree with. I'm sure you can come up with a whole host of reasons, but you'd still be breaking the law. I agree with non-violent civil disobedience in certain cases, I just don't have an issue with paying taxes.

    Paying taxes isn't rational per se, it's just obedient. Rationality, in an economic sense, is making decisions that serve to benefit myself by furthering my interests.
    Obeying the law and paying your taxes, and furthering your own interests are not mutually exclusive. At this precise point in your life, you don't see how it benefits you to pool your money with others for the good of everyone. Do you think there may come a time when you will appreciate that others kicked in and provided a benefit that you could take advantage of?

    There are legal and effective ways to express your dissatisfaction with the tax regime, or the concept of taxes generally.

    FYI check out the http://www.freestateproject.org/ concept, http://en.wikipedia.org/wiki/Edward_and_Elaine_Brown
    I share a lot of these views, I guess.
    Well that's ok. Google "why pay taxes?" and you'll get 20 million responses. As I mentioned, there are lots of ways to greatly reduce your taxes...legal ways. Wouldn't you agree that that is wiser than stepping over the line and breaking the law?

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    Member Ook's Avatar
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    Default Re: What my atty. had to say about taxes :)

    While it is true the IRS doesn't have the resources to go after everybody, they do go after two kinds of people:

    1) Bad Actors- career crimminals who make their money from drugs, money laundering, etc..

    2) Examples- the IRS loves to make examples of public figures for deterrence. People in in this tranche fall into two camps:
    • Professionals/Entertainers/Politicians
    • People who shoot off their mouths about "how to not pay your taxes"


    You're much better off showing how clever you are by remaining silent on this self-evident truth- there's a reason why the admins for this web forum quickly lock and delete threads like this.

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    God/dess Paris's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by 420bUnNy View Post
    So I was chatting last night with a relative who is also an attorney and Ivy league law professor who does a lot of work with taxes. I asked him, because the club where I work reports nothing about me to the IRS and my pay is all in cash, do I really have to report anything I make him stripping?

    His awesomely surprising answer: Helllll no! So long as there is no W-2 at the end of the year, he said, I'm in the clear and my job never existed. All I need to report is my account interest and returns from investments.

    I asked him, I want to deposit and invest much of my money, what if I get audited? He told me that I won't, that the IRS has bigger fish to fry and in a country this big, it is so, so, so unlikely that I will be one of that unlucky 1-2%.

    Just thought I'd share. Let the flaming begin.
    Just because you can do it and get away with it, that doesn't make it right. The fact that a lot of strippers skip out on taxes is part of the argument to make the profession illegal.

    Besides, I bet you like the perks that taxes buy us, like paved roads, police protection, fire protection and national security to prevent foreign invaders from, well, invading.

    Our taxes also help pay the expenses involved in keeping our water clean, our food safe to eat, our children educated, our ability to access energy for our homes. The taxes we pay keeps criminals in prison.

    So...you can skip paying taxes. But is that really fair that all the rest of us should pay for these services that you benefit from while you purposely refuse to pay?

    Not a flame, just pointing out the reality of the situation.


    Promote yourself and earn more money! This is a business that is owned by strippers for strippers. Let's make that money!


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    Banned Melonie's Avatar
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    Default Re: What my atty. had to say about taxes :)

    All I can say is that

    A) the law requires Americans to report their incomes from whatever source,

    B) the probability of being audited / discovered increases with every new automatic financial reporting linkage established between the IRS and college bursar's offices, motor vehicle title registration agencies, property deed registration agencies, any bank or retail cash transaction exceeding $10k (federal) / $3k (state), and

    C) that it won't be your attorney that winds up paying back taxes plus penalties if and when the IRS has it's attention drawn to you.

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    God/dess Zofia's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by Melonie View Post
    C) that it won't be your attorney that winds up paying back taxes plus penalties if and when the IRS has it's attention drawn to you.
    Excellent point.

    At the IRS building in Washington DC, the sign over the door says "Taxes are the price we pay for living in a just society." There is much truth in that saying.

    Z

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    God/dess hockeybobby's Avatar
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    Default Re: What my atty. had to say about taxes :)

    LOL...I don't recommend the armed stand-off with law enforcement agencies as a good way to express your views on taxation either.

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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by Melonie View Post
    All I can say is that

    A) the law requires Americans to report their incomes from whatever source,

    B) the probability of being audited / discovered increases with every new automatic financial reporting linkage established between the IRS and college bursar's offices, motor vehicle title registration agencies, property deed registration agencies, any bank or retail cash transaction exceeding $10k (federal) / $3k (state), and

    C) that it won't be your attorney that winds up paying back taxes plus penalties if and when the IRS has it's attention drawn to you.
    It also won't be your attorney that goes to jail for tax evasion.

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    Default Re: What my atty. had to say about taxes :)

    hun, i really dont think this is the best decision to make.

    i would speak to an accountant on this matter. mine had worked with adult entertainers for over 20 years and explained to me why we should pay them. many of the ladies on here have pointed out some very good reasons. another one is social security- you will get more money if you pay taxes. this works in my benefit since i have health problems which may cause me to need social security a bit earlier in life than planned. if you do want to save on taxes, you have the option of becoming incorporated, but this may change with the coming election.

    my accountant explained to me that how they catch you is you have no income tax returns for years and then when you start filing when you have a regular job, a red flag goes up.

    as much as i would rather not pay and keep all my money, jail SUCKS and that is not how i want to spend my life.

    the best way to go about this is to research your politicians' stands on various tax laws and go to the voting booth. now i only wish we could have some laws where, when people pay taxes, they can elect where the money goes.

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    God/dess VegasPrincess's Avatar
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    Default Re: What my atty. had to say about taxes :)

    OMG! Was your relative drinking when he made that statement lol?

    When I got a car loan, I had to have my boss at the strip club write a letter stating how much I earned....the same when you buy a house!

    LOL and also it's not as if the job never existed, and people do get randomly audited! Have fun explaining that!!

    Do what you want to do, but that's pretty crap-tastic advice....
    Sexy Jasmine after getting fucked over at work:

    God loves strippers and when guys do things like that its an automatic ticket to HELL!


    Quote Originally Posted by anomar View Post
    Perhaps you stopped spending money on her. Strippers need money to operate. They are like coin operated juke-boxes of love.

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    God/dess FBR's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by Melonie View Post
    All I can say is that

    A) the law requires Americans to report their incomes from whatever source,

    B) the probability of being audited / discovered increases with every new automatic financial reporting linkage established between the IRS and college bursar's offices, motor vehicle title registration agencies, property deed registration agencies, any bank or retail cash transaction exceeding $10k (federal) / $3k (state), and

    C) that it won't be your attorney that winds up paying back taxes plus penalties if and when the IRS has it's attention drawn to you.
    What Melonie said. Plus there is the ability of the IRS computers in general to look at life styles. I mean, if you live like you make $50K a year but report next to nothing or nothing that is a precarious position to be in. If it was me I would figure out a way to get square with my tax obligation. I don't know this for a fact but I have heard that the terms can be negotiated in the interest of getting someone back into the ranks of regular tax payers.

    Good luck!

    FBR
    Once again I have embraced my addiction and have put off the moral dilemma to another day.

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    God/dess britneyireland's Avatar
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    Default Re: What my atty. had to say about taxes :)

    You can drive any speed you want to and get away with it....but if you get caught you have to pay the fine.
    Rebecca Avalon







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    God/dess VegasPrincess's Avatar
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    Default Re: What my atty. had to say about taxes :)

    ^^^

    Good example!
    Sexy Jasmine after getting fucked over at work:

    God loves strippers and when guys do things like that its an automatic ticket to HELL!


    Quote Originally Posted by anomar View Post
    Perhaps you stopped spending money on her. Strippers need money to operate. They are like coin operated juke-boxes of love.

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    Senior Member Butrcup98's Avatar
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    Default Re: What my atty. had to say about taxes :)

    My mother was audited in the 80s. She had not filed taxes for three years and after it was all said and done she owed the IRS over $50K in back taxes and penalties.

    This is just a personal thought: The housing market is about to tank and prices will be plummeting. It would be a great time to buy. The reason is that a great investment is defined by the amount of gain. The idea is to buy low and sell high. So, if people are selling their homes for cheap, or you can find a foreclosure that's not too badly wrecked, you can probably flip it in a decade or so. Personally, I'd keep it as a rent house and sell it in 60 years when it's worth 5 times what I paid for it (this may be an inflated quote).

    My point is that you should make your money do something besides just sit there and pay your current bills. What good will all that money be when you can't dance anymore?

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    Featured Member veronicachick's Avatar
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    Default Re: What my atty. had to say about taxes :)

    kinda off topic but I was wondering...
    I have had a job since I was 16... but only started filing my taxes 2 years ago. The last time I filed I did not put into account the money I made stripping. but now I quit my little part time job(didnt make much because I'm a full time student) and I dance from time to time when I need cash. Will I get in trouble for not filing the next time? my parents still claim me.

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    God/dess Bunny's Avatar
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    Default Re: What my atty. had to say about taxes :)

    I knew someone whose dad worked as a contractor and got paid cash. Long story short, he got audited and lost EVERYTHING including the cute little sports car he bought the girl I knew with cash (since it was in his name). All I have to say is don't fuck with the IRS.

  20. #20
    Honey71783
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by 420bUnNy View Post
    Real estate tends to appreciate significantly less over the long run than other investments that require a hell of a lot less maintenance and headache, and if I was after money I'd go the commercial rental property route, anyway.
    You are absolutely wrong about real estate appreciating significantly less than other investments... Real estate has THE HIGHEST return on investment... It's a business of delayed gratification but it does provide the best return over everything else...

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    Default Re: What my atty. had to say about taxes :)

    I'm sure he'd be pleased you'd take that advice and talk about it publicly. What you do or don't do with your money is your business, but if what you do or don't do is a federal crime, you might want to keep it that way.

  22. #22
    AudreyLeigh
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    Default Re: What my atty. had to say about taxes :)

    I thought like you at one time. LUCKILY (OMG I was soooo lucky) I didnt get audited... I just got a tax bill for 2004 and 2005 out of the blue one day. Since then Ive reported my income...

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    Default Re: What my atty. had to say about taxes :)

    I am paying my taxes so I have financial independance later on.

    To be a significant player in the market, any market you have to have proveable income. Without it, you are at a standstill.

    You are so young and dancing is not a career for you or even a longterm job, so I doubt reporting or not reporting would help you if you plan to piss away the money anyway....

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    Banned MoetATL07's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by Susan Wayward View Post
    I'm sure he'd be pleased you'd take that advice and talk about it publicly. What you do or don't do with your money is your business, but if what you do or don't do is a federal crime, you might want to keep it that way.
    I was thinking the same thing. Are you slow I would keep this to myself you never know who is on here.

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    Senior Member Gwennnnnn's Avatar
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    Default Re: What my atty. had to say about taxes :)

    Quote Originally Posted by Susan Wayward View Post
    I'm sure he'd be pleased you'd take that advice and talk about it publicly. What you do or don't do with your money is your business, but if what you do or don't do is a federal crime, you might want to keep it that way.
    Yeah, I agree, if someone wants to break the law and not pay taxes that is their business, but why do so many of them come in this forum and announce it, try to justify it, and persuade others? Just keep it to yourselves, you little tax evaders!

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