Page 1 of 2 12 LastLast
Results 1 to 25 of 38

Thread: "Why should you pay taxes?"

  1. #1
    Member Saoirse13's Avatar
    Joined
    Jun 2013
    Posts
    28
    Thanks
    10
    Thanked 13 Times in 7 Posts

    Default "Why should you pay taxes?"

    Ive been getting a lot of flack from various people re: my desire to pay my taxes. Ive been getting told that the govt will never know how much i really made and that, because of that, i should put that tax money to good use. I dont have a very good comeback as to why i should pay my taxes and report my earnings other than that it is the right thing to do. Can you guys help me out with this? What ARE the reasons i should pay my taxes?

  2. #2
    God/dess shanna dior's Avatar
    Joined
    May 2008
    Location
    Canada
    Posts
    4,980
    Thanks
    621
    Thanked 6,894 Times in 2,672 Posts

    Default Re: "Why should you pay taxes?"

    There is no guarantee that the government will never know you made money and didn't pay taxes on it. If and when they do, they will simply charge you what they based on what they THINK you made --- which may be a heck of a lot more than you were actually making.

    Other benefits: taxes fund social services. They give you reported income that makes it possible to buy a house/car/big ticket item.

  3. The Following 2 Users Say Thank You to shanna dior For This Useful Post:


  4. #3
    Featured Member Aurora14's Avatar
    Joined
    Sep 2012
    Posts
    1,060
    Thanks
    1,974
    Thanked 2,010 Times in 704 Posts
    My Mood
    Happy

    Default Re: "Why should you pay taxes?"

    Just because the government doesn't know you are making the money now, doesn't mean they won't find out. All it takes is one anonymous call, they will know, and you will owe!
    Personally, I also think that "It's the right thing to do" should be a good enough excuse. I would rather be a contributing member to society. That way, if I ever fall on hard times, I have earned the right to be helped.(Gonna stop there so I don't go political) Tax money is going toward programs that are SUPPOSED to aid you in the future. Without federal grants a lot of scientific research couldn't be done. Schools are funded with taxes. It's how our military, police, and fire districts get funded.

    From http://www.dummies.com/how-to/conten...ral-gover.html
    How Are Your Tax Dollars Used by the Federal Government?
    By Kirk Bailey

    Every year, Americans pay their tax bills, but are often puzzled about how government spends the taxes it collects. Many Americans overestimate how much of tax money goes toward government programs, and taxpayers may underestimate the amount of taxes spent on other crucial elements of the federal government’s budget.

    Here’s an overview of how citizens perceive their tax dollars being spent, what the annual tax tally adds up to, and where tax dollars really go.
    Americans’ estimates of U.S. federal spending

    Many Americans believe that some relatively minor federal programs receive much more in federal spending than they actually do, as the following examples illustrate:

    Foreign aid: Americans estimate foreign aid at 10 percent of the federal budget, and a fifth think it represents about 30 percent of the money the government spends. Actual spending on foreign aid is less than one percent.

    Funding for the Corporation for Public Broadcasting: The public estimates that the government spends about 5 percent on public television and radio, when the actual amount is approximately one-tenth of one percent.

    Pensions and benefits for government workers: On average, Americans think the federal government spends about 10 percent; 3.5 percent is a more accurate estimate.

    Food and housing assistance for the poor: Americans' spending estimates are three to four times higher than the actual costs of these programs.

    How much tax money does the federal government take in?

    Total federal revenues were $2.16 trillion in fiscal year 2010 from individual income taxes, social insurance and retirement receipts, corporate income taxes, excise taxes, estate and gift taxes, customs duties, Federal Reserve deposits, and some miscellaneous receipts.
    image0.jpg

    Source – Budget of the United States Government: Historical Tables Fiscal Year 2012
    Where does the federal government spend tax money?

    Spending by the Federal government is divided into two categories: mandatory and discretionary.

    Mandatory spending includes programs — mostly entitlement programs — that are funded by eligibility rules or payment rules, authorized by permanent laws. In this case, Congress creates a program and then determines who is eligible for the program, how much each eligible participant will receive, and any other criteria. Spending is then determined by estimates of the number of eligible participants. Congress may change the eligibility and participant funding levels at any time.

    Mandatory spending makes up about two-thirds of the total federal budget and includes programs such as Social Security (the largest), Medicare, veterans’ benefits, food stamps, along with interest on the national debt. This chart shows all government spending, both mandatory and discretionary, for fiscal year 2010.
    image1.jpg

    Source – Budget of the United States Government: Historical Tables Fiscal Year 2012

    Discretionary spending refers to the portion of the budget that Congress approves through the annual appropriations process. In this case, Congress directly sets spending levels of individual discretionary programs, meaning that they may increase or decrease spending on any of those programs in a given year.

    Discretionary programs include activities such as defense, education, the FBI and the Coast Guard, housing, foreign aid, space exploration, highway construction, border patrol, agriculture, immigration, and emergency disaster relief, among others. The discretionary budget is about one-third of total federal spending.

    The following chart illustrates the breakdown of discretionary spending for fiscal year 2010.
    image2.jpg

    Source – Budget of the United States Government: Historical Tables Fiscal Year 2012

  5. The Following 2 Users Say Thank You to Aurora14 For This Useful Post:


  6. #4
    God/dess
    Joined
    Oct 2005
    Posts
    6,947
    Thanks
    2,845
    Thanked 5,526 Times in 3,113 Posts
    My Mood
    Angelic

    Default Re: "Why should you pay taxes?"

    If staying out of prison is not a good enough reason, what is?

  7. The Following 4 Users Say Thank You to slowpoke For This Useful Post:


  8. #5
    God/dess arielbriel's Avatar
    Joined
    Nov 2010
    Posts
    4,942
    Thanks
    20,254
    Thanked 7,454 Times in 2,760 Posts

    Default Re: "Why should you pay taxes?"

    The most important reason to me is having income history. You want a house? You're going to need tax returns to get a mortgage. That's really the most important thing to me.

  9. The Following 2 Users Say Thank You to arielbriel For This Useful Post:


  10. #6
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    Several new wrinkles to consider.

    First - the ACA now mandates that every US business issue 1099 forms to the IRS showing payments made to every person / business which exceed $600 in a single year. As such, if strip clubs follow this law, around February of 2015 a 1099 form will show up in your mailbox showing that the club reported X total dollars being paid to a person with your name and social security number in 2014. IRS computers will then go searching for a tax return filed by that person showing ( more than ) that amount of reported income, with payment for income taxes, social security taxes, etc. owed on that income.

    Second - the ACA authorized an increased IRS budget for the express purpose of hiring thousands of additional auditors in 2014 to enforce ACA related tax provisions. 1099 independent contractor income reporting certainly falls under that heading for 'targeted' IRS enforcement efforts.

    Third - with increasing technology now 'automatically' providing the IRS with EXPENDITURE information, the IRS is increasingly in a position to calculated the total amount of money SPENT by a particular person versus the amount of money they reported as having earned in the first place. If a car is registered with a state DMV, the IRS will be informed who the buyer was an how much it cost. If a house is registered with a state title agency, the IRS will be informed who the buyer was and how much it cost. When banks issue 1099-int forms for interest earned on bank accounts the IRS can easily back calculate how much money was on deposit. When brokers issue 1099-div forms for dividends earned on stock / bond accounts the IRS can easily back calculate how much money was invested. Similar situation for college bursars offices and tuition payments. Similar situation for ANY cash expenditure exceeding $3,000 / $10,000 ( depends on state ). And the IRS also maintains a zip code specific database showing average costs for rent, utilities, food, and other 'costs of living', thus the IRS has a good idea of the average amount of money being spent by persons living in each zip code area.

    If IRS computers put together the numbers that person X spends $1000 per month on rent and other 'costs of living', plus purchased a car involving a $5k down payment plus $400 per month car payment, plus earned enough bank interest to show a $10,000 average balance, plus paid $8,000 in tuition ... but no matching tax return can be found reporting income necessary to fund these expenditures ... it is HIGHLY probable that the IRS will investigate further !!!

    Also agreed that for 'self-employed' persons, new regulations requiring lenders to perform 'income verification' boils down to tax returns being the only authoritative 3rd party evidence of actual income. Without those, the chances of getting a home mortgage are near zero, and the chance of getting an auto or other loan at a reasonable interest rate are low. And it should also be pointed out that an apartment lease is a form of loan, thus 'corporate' landlords are going to need 'income verification' before entering into a new lease with a self-employed person.
    Last edited by Melonie; 01-08-2014 at 05:29 AM.

  11. #7
    Featured Member
    Joined
    Nov 2012
    Posts
    980
    Thanks
    14
    Thanked 1,287 Times in 510 Posts
    My Mood
    Aggressive

    Default Re: "Why should you pay taxes?"

    there's a huge difference between underreporting your earning/overreporting your deductions to make your tax liability zero and not filing a tax return at all. both are illegal and dangerous but the latter is way worse in so many ways.

  12. The Following 2 Users Say Thank You to charlotte. For This Useful Post:


  13. #8
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    ^^^ Agreed. And, talking out of school, under-reporting dancer incomes is more often the case than not. For instance, I know a particular dancer who reports perhaps $20k per year of her $60k+ actual income. She rents a decent but not luxurious apartment from a 'mom and pop' landlord. She drives a 3 year old nice car which she purchased from a private seller. She buys designer clothes, a big screen TV, takes somewhat expensive vacations etc. She maintains a bank checking account into which she deposits $3-400 per week with which to pay her bills. The rest of her cash gets thrown into a home safe. Every month or so, when too much cash builds up in that safe, she'll buy a couple of ounces of gold from various local pawn shops, and 'park' the gold bars in a 'mail drop' safety deposit box. Once a year, when she takes one of her cruise vacations, she'll move her gold bars to a bank in the Bahamas etc. personally by packing them in her luggage !!! She even just signed up for taxpayer subsidized Obamacare health insurance based on her 'low' $20k reported income !!!

    However, if she is ever 'caught', it will probably mean jail time !!!

  14. #9
    God/dess simone87's Avatar
    Joined
    Feb 2012
    Location
    New England
    Posts
    5,171
    Thanks
    7,361
    Thanked 9,469 Times in 3,228 Posts
    My Mood
    Cheeky

    Default Re: "Why should you pay taxes?"

    is this a serious question?? i won't get into whether or not " its the right thing to do"..plus, its really a moot point! you don't want to fuck with what the govt considers "their" money! its living hell going through an IRS audit, and they come down really hard on you..better not to risk it! you need to file taxes, esp if you've been filing taxes for years and then just suddenly stop? yeah..they'll be checking into you. "death and taxes"...we all have to go through it

  15. The Following 2 Users Say Thank You to simone87 For This Useful Post:


  16. #10
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    ^^^ I would also add that where undocumented income from a 'cash' business is concerned, there is an additional risk factor. In the absence of weekly payroll records, and in the presence of direct 'cash' payments between strip club customers and dancers, there is no way for an audited dancer to prove that she did NOT actually earn the amount of money that the IRS may 'estimate' she earned ... and expects taxes paid on. Thus in the scenario of the particular dancer I described above, reporting $20k worth of income while actually earning ~$60k worth of income, there would be nothing to stop the IRS from arriving at an 'estimate' that she earned $100k ... resulting in a $35k IRS bill for back taxes on her actual $60k income !!! Once the IRS reaches a conclusion that a particular person is deliberately falsifying their finances to deliberately avoid tax liability, that person loses all financial 'cred' with the IRS and anything is possible !!

    Agreed that with ACA mandated 1099 payment / income reporting by all US businesses taking effect this year, this is likely to become a 'moot point' in any case !!!

  17. #11
    Member Saoirse13's Avatar
    Joined
    Jun 2013
    Posts
    28
    Thanks
    10
    Thanked 13 Times in 7 Posts

    Default Re: "Why should you pay taxes?"

    Thank you so much guys. Yeah, it was a serious question because my mom (who is a sole proprietor and fudges her taxes every year) and i got into a huge argument over this issue. Shes cinvinced that if i honestly report my earnings and honestly set aside money SPECIFICALLY FOR PAYING TAXES that i would be better off setting that money on fire. Im apparently just "giving money away" at that point, and if im going to do that anyway, then i should just give it to her to reimburse her for all the financial support shes given me during tough times in the past. I tried to explain to her that i set myself up undet an s-corp to make things simpler (and also the added bonus of the "passive income") but her response was that businesses operate in the red all the time and i should just make it appear that i do,too. My mom is a bastion of bad advice, though, so i didnt argue the point further, just nodded and agreed, and made plans to pay my damn taxes lol. I just needed some solid reasons in case she starts giving me hell again.

  18. #12
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    ^^^ I don't know what sort of business your mom operates, but where dancers or camgirls are concerned there's essentially no way that enough business expenses can be 'reasonably' made to offset the amount of business income that will be reported by the 1099's from webcam hosts and strip clubs. Dancers and camgirls don't have a reason to build buildings, purchase vehicles for exclusive business use, pay other workers, purchase productive machinery, etc., which often allows other types of small businesses to report a net 'loss' without causing red flags to be waived at the IRS.

    An S-Corp can certainly can provide significant LEGAL tax advantages. The primary advantage is the ability to 'mutate' the payments / earnings received from strip clubs and webcam hosts from being one big 'pile' of ordinary income ( which is taxed at high rates ) ... into two smaller 'piles', with one being a 'salary' that is taxed as ordinary income, but the second being a 'dividend' which is treated as 'passive' income and taxed at a lower rate.

    And as discussed in other threads, an S-Corp can also provide a paper trail 'firewall' which goes a long way towards making sure that future straight job employers, state professional licensing agencies, etc. aren't able to connect the names of adult businesses like Streamates, Rick's, DejaVu etc. with the dancer / camgirl's name and social security number ( which in the absence of the S-Corp would show both the adult business name and the dancer / camgirl's name and SS# together on 1099 forms ). That feature alone could be worth thousands of dollars per year if it enables a retired dancer / camgirl to land a lucrative 'straight' job that she wouldn't have gotten if the prospective employer had turned up the existence of an adult industry work history.
    Last edited by Melonie; 01-09-2014 at 04:21 AM.

  19. #13
    Senior Member Tarasaurusrex's Avatar
    Joined
    Jun 2012
    Location
    Georgia
    Posts
    188
    Thanks
    22
    Thanked 220 Times in 100 Posts
    My Mood
    Goofy

    Default Re: "Why should you pay taxes?"

    ^^^^I've always had my name under a company whether it was my Dad's consulting business, or my boyfriend's Limousine and Sedan Service. I actually do help out with the companies, not a ton, but as needed. Also, it covers employment gaps and if for some reason I take time off work (off of my vanilla job, like on Christmas or Summer Vacation) and end up buying a lot of things (which I need to stop doing) I can say the money came from being part-owner of XXXX Transportation Company. Also, since I do work in the medical field and plan on continuing up that ladder I would rather have everything come back to a name that doesn't hint of dancing, or the adult industry.

    However if your dummy company has a website you could log on 3x a week and then you would have a reason to have a 'building' aka your place of business (your home LOL). Additionally pick something you kind of like, for example, interior design. Maybe say you decorate spaces for unique requests. Or specialize in custom wall paint colors. This would also make your car a business expense, since you have to drive to other's houses to conceptualize their request for you to feng shui out that place. You could just be the drafter though, to avoid it being overwhelming. Or just do it for your friends. Easier is if you know someone with a small business, you can ask to do work for them and be put down as an employee, like your Mom, ask her to put you on payroll, LOL.

    Passive income is also a wonderful idea. One of the pharmacists I work with makes more money off his passive investments (he owns some apartment buildings, other real estate, stocks, options, etc) and online poker than he does being a pharmacist!

    As for passive investments if you have $2000 to put down you can trade options, but I warn you you should study it before doing it (tastytrade.com), because it's not just pushing buttons and making money. Also if you are putting down under $25,000 you are probably going to have to use a margin account at some point. This is tricky, because you also have to pay an interest rate (part of your profit) to the lender. It's best not to borrow unless you REALLY know your stuff. Also your house and computer equipment could then be considered "business expenses".

    Also talk with your club and ask if you can put your business's name instead of their's on the header. I don't think most places will care at all, you are an independent contractor, unless you work at a club that pays hourly (few and far between).

    Although if you do start a business make sure to license it as an LLC, so you have a TIN and/or Payer's Federal ID Number.
    "I can feel guilty about the past, apprehensive about the future, but only in the present can I act." - Abraham Maslow

  20. #14
    Veteran Member she wolf's Avatar
    Joined
    Dec 2013
    Location
    CHI
    Posts
    238
    Thanks
    93
    Thanked 139 Times in 86 Posts
    My Mood
    Daring

    Default Re: "Why should you pay taxes?"

    i see the government has you guys trained like good sheep
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




  21. #15
    God/dess simone87's Avatar
    Joined
    Feb 2012
    Location
    New England
    Posts
    5,171
    Thanks
    7,361
    Thanked 9,469 Times in 3,228 Posts
    My Mood
    Cheeky

    Default Re: "Why should you pay taxes?"

    ^ im probably one of the most libertarian/anti income tax ppl around, but you need to be smart about things and serving prison time over money just aint worth it. most ppl will get caught, and like i said its living hell when they audit you. its not about it being right, its about it being the law. plus i think its against the rules to tell ppl how to get out of paying taxes on here

  22. The Following User Says Thank You to simone87 For This Useful Post:


  23. #16
    Veteran Member she wolf's Avatar
    Joined
    Dec 2013
    Location
    CHI
    Posts
    238
    Thanks
    93
    Thanked 139 Times in 86 Posts
    My Mood
    Daring

    Default Re: "Why should you pay taxes?"

    just because it's a law doesn't mean it's a fair law. and since it isn't, people should find ways to thwart the law. i stand by what i've said
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




  24. #17
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    ^^^ I obviously agree with that position in principle, given the fact that I now reside outside the USA 330+ days per year to legally avoid having to pay US income taxes !

    But there's a difference between making use of every legal 'loophole' in the US tax code to minimize taxes paid, versus deliberately 'defrauding' the IRS and state tax agencies by deliberately under-reporting / not reporting taxable income. At the 'captain obvious' level, that is illegal. But at the 'maximum IRS mileage' level, there has arguably never been a better time for well publicized IRS 'busts' of particular tax evaders to be used to 'send a message' to other tax evaders !!!

    Granted that when I first started dancing and camming in the 90's, it was taken as a given by girls working in the industry that 'cash' income that the girl 'forgot' to report to the IRS would almost never be discovered after the fact. Thus, back then, the probability of the girl experiencing negative 'consequences' were very low.

    However, the tax situation has changed tremendously between then and now. Gov'ts at all levels are 'broke' ... and look towards increased tax revenue collections more 'greedily' than in the past. Technology improvements ... both in terms of automatic income and spending reports, as well as in IRS computing power ... now makes it 'practical' for the IRS to use 'reported spending matching reported income' enforcement techniques against middle class earners which, because of pre-computer analysis human accounting requirements, were once reserved for investigating only the 'very rich'. And even on the human accounting side, the Obamacare law has provided the IRS with new funding with which to hire thousands of new IRS investigators. Thus the probability that deliberately under-reported / unreported 'cash' income will avoid drawing IRS attention this year is now lower than at any time in the past !!!

    In terms of relative IRS 'priorities', dancers now definitely fall in a 'high risk' category. First reason is that they work in a predominantly 'cash' business. The IRS has recently targeted enforcement efforts towards larger 'cash' businesses, like casino waitstaffs and cab drivers. Second is that ( by IRS interpretation at least ) they work in an 'adult' business, which have an abominable past history of poor tax compliance. Third is that they are 'small' businesses, which the Obamacare law has imposed new tax compliance requirements on ( i.e. supposed requirement that dancers who pay more than $600 per year in house fees must issue 1099's to the club etc.).
    Last edited by Melonie; 01-11-2014 at 04:43 AM.

  25. #18
    Senior Member Tarasaurusrex's Avatar
    Joined
    Jun 2012
    Location
    Georgia
    Posts
    188
    Thanks
    22
    Thanked 220 Times in 100 Posts
    My Mood
    Goofy

    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by she wolf View Post
    just because it's a law doesn't mean it's a fair law. and since it isn't, people should find ways to thwart the law. i stand by what i've said
    Sorry to be a buzzkill here, but doing or not doing something based on your interpretation of "fair" is not really a viable strategy for life. Your idea of fair is probably waaaaaay different than others, so that would explain why laws are just that laws, not necessarily the 'right' thing, but the thing that the majority or the most influential geniuses that run our country could agree best upon.....note the sarcasm.

    Seriously though, bad news, life isn't fair and the times it is, it is unfair to someone else, it's the world we live in. Nobody likes taxes, but I just try to think of all the fireman that need their paychecks.....to put out fires.....
    "I can feel guilty about the past, apprehensive about the future, but only in the present can I act." - Abraham Maslow

  26. The Following User Says Thank You to Tarasaurusrex For This Useful Post:


  27. #19
    Moderator
    Joined
    Jun 2013
    Posts
    901
    Thanks
    635
    Thanked 1,519 Times in 585 Posts

    Default Re: "Why should you pay taxes?"

    You should pay taxes for entirely selfish reasons

    Show income for banks, credit cards, car loan etc. Dancers frequently live a lower lifestyle compared to their income because they do not have access to credit.

    While it is a long way off, Social Security builds over the long haul, so provided it is there when you need it, every little bit helps

    That said, in my experience, the way you get audited is when the club gets audited. The IRS has little to no interest in the couple of grand they might squeeze out of you, but they cannot ignore you once you are brought to their attention

    So the club cheats, gets caught, and all the paperwork is in front of auditors. They know how much customers spend via CC receipts, they estimate tips etc, and go after everyone. Happens to regular restaurants all the time. Friends of mine have been nailed with the credit card tip thing, which is why I usually tip like a buck on the credit card and the rest in cash, screws up the IRS percentages............

    Really the only time they lifestyle stuff comes into play is when they are already after you. They simply don't have the time to chase every one who bought a new car to find out how much money they make.

    So in the end, pay taxes, maybe not everything, but the gov't will believe you are a lousy dancer, but they will not believe you dance for free

    Also if you can do the S Corp thing, it lowers your odds of being audited, plus if you show 20k income as an individual, a bank thinks you are broke. If you show 20k through a business, they think you have a good accountant..........

  28. The Following 3 Users Say Thank You to oldster For This Useful Post:


  29. #20
    Veteran Member she wolf's Avatar
    Joined
    Dec 2013
    Location
    CHI
    Posts
    238
    Thanks
    93
    Thanked 139 Times in 86 Posts
    My Mood
    Daring

    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by Tarasaurusrex View Post
    Sorry to be a buzzkill here, but doing or not doing something based on your interpretation of "fair" is not really a viable strategy for life. Your idea of fair is probably waaaaaay different than others, so that would explain why laws are just that laws, not necessarily the 'right' thing, but the thing that the majority or the most influential geniuses that run our country could agree best upon.....note the sarcasm.

    Seriously though, bad news, life isn't fair and the times it is, it is unfair to someone else, it's the world we live in. Nobody likes taxes, but I just try to think of all the fireman that need their paychecks.....to put out fires.....
    it isn't my interpretation of fair necessarily. there is no where in the constitution that say we have to pay taxes. It isn't a secret that the richest 1% also pay the least amount of taxes and own a big share of the federal reserve. If they can hoard "their" wealth, I will too. You can continue to play by the rules like a sheep but I won't.
    The only way to get rid of a temptation is to indulge in it...


    ~I have no roots. I stay away from groups and communities. I wander, an itinerant lone wolf. I have nowhere to go back to. I either burn the bridges or keep walking. I never look back. I detach and vanish. In my mind, I am not human. I am a machine at the service of a madman that snatched my body and invaded my being when I was very young~




  30. #21
    Moderator
    Joined
    Jun 2013
    Posts
    901
    Thanks
    635
    Thanked 1,519 Times in 585 Posts

    Default Re: "Why should you pay taxes?"

    Stay away from the Tea Party blogs. There is nowhere the constitution says you don't have to pay taxes. Taxes are not a new idea.

    Probably you won't get caught, don't whine if you do.

  31. The Following User Says Thank You to oldster For This Useful Post:


  32. #22
    God/dess DonaDiabla's Avatar
    Joined
    Mar 2013
    Location
    San Francisco
    Posts
    3,820
    Thanks
    5,361
    Thanked 7,701 Times in 2,730 Posts
    My Mood
    Cheeky

    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by Saoirse13 View Post
    Ive been getting a lot of flack from various people re: my desire to pay my taxes. Ive been getting told that the govt will never know how much i really made and that, because of that, i should put that tax money to good use. I dont have a very good comeback as to why i should pay my taxes and report my earnings other than that it is the right thing to do. Can you guys help me out with this? What ARE the reasons i should pay my taxes?
    Don't you want a nice house and the IRS off your back? That is reason enough to pay your taxes and report your income to the IRS.

  33. The Following User Says Thank You to DonaDiabla For This Useful Post:


  34. #23
    Senior Member LaPatrona's Avatar
    Joined
    Jun 2013
    Posts
    160
    Thanks
    49
    Thanked 117 Times in 56 Posts
    My Mood
    Breezy

    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by Melonie View Post
    ^^^ I would also add that where undocumented income from a 'cash' business is concerned, there is an additional risk factor. In the absence of weekly payroll records, and in the presence of direct 'cash' payments between strip club customers and dancers, there is no way for an audited dancer to prove that she did NOT actually earn the amount of money that the IRS may 'estimate' she earned ... and expects taxes paid on. Thus in the scenario of the particular dancer I described above, reporting $20k worth of income while actually earning ~$60k worth of income, there would be nothing to stop the IRS from arriving at an 'estimate' that she earned $100k ... resulting in a $35k IRS bill for back taxes on her actual $60k income !!! Once the IRS reaches a conclusion that a particular person is deliberately falsifying their finances to deliberately avoid tax liability, that person loses all financial 'cred' with the IRS and anything is possible !!

    Agreed that with ACA mandated 1099 payment / income reporting by all US businesses taking effect this year, this is likely to become a 'moot point' in any case !!!
    Wow your friend is going too far. Once she gets caught she's going to crash hard. How she's going to justify her expending, plus car and nice apartment?

    For me I have no problem paying taxes. I have work a minimum wage job and I get taken about 30%. If I'm making a lot of money, I know it will take a huge chunk, but I would be considerably making more anyways than a dead end job. Is only fair, people who work straight jobs, get the same percentage taken out.

    And it looks bad if many people in this industry are being crooked towards their taxes. If we want to be treated like professionals we must act like it. There are many ways that banks and people who made a lot of money get away with paying almost nothing, sure look for loopholes, as long as they're legal. But not paying taxes at all is very risky. You will probable spend all the money you save in legal fees and bailouts. Because honestly, there's no way you can get away with it, once they calculate your expenditure, check out where you live, the car you drive, and your banking account.
    Last edited by LaPatrona; 01-18-2014 at 08:38 AM.

  35. The Following User Says Thank You to LaPatrona For This Useful Post:


  36. #24
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: "Why should you pay taxes?"

    ^^^ actually she already got 'caught' ... after her purchase of a new car was passed on to the IRS via a state motor vehicle title agency. And indeed, when audited, the IRS took the attitude that because of her deliberate efforts to evade taxes, that all of her subsequent claims of a ~$60k actual income were also 'lies' ( even though the ~$60k was fairly accurate ). As a result the IRS 'estimated' that she must have actually been earning ~$100k per year to afford living as she did and buying the things she did, and in turn sent her a tax bill based on a ~$100k income level not a ~$60k income level.

    In other words, after being 'caught', she wound up having to pay $15,000 MORE in federal taxes ( $35k versus $20k ) than she would have had to pay if she had been 'honest' about her ~$60k income level. With no way to prove she didn't earn the ~$100k the IRS 'estimated' she did, she had no choice but to either pay the amount the IRS wanted, or have all of her assets frozen by the IRS while she retained an attorney to attempt a ( low probability ) appeal in tax court.

    As a consequence of having to pay this huge tax bill, she wound up having to sell the new car as well !!! And, of course, the IRS will continue to scrutinize her future estimated tax payments and annual tax returns with a 'fine tooth comb'.

  37. #25
    Senior Member LaPatrona's Avatar
    Joined
    Jun 2013
    Posts
    160
    Thanks
    49
    Thanked 117 Times in 56 Posts
    My Mood
    Breezy

    Default Re: "Why should you pay taxes?"

    ^^^ That's a freaking nightmare. Specially having your assets frozen, I bet she couldn't even work, and it probable took a long time to get the issue "resolve", and her credibility means nothing after that.

    My momma always told me, the worst offense to the United States is stealing from uncle Sam.

Page 1 of 2 12 LastLast

Similar Threads

  1. "High-end coffee doesn't pay my rent" otc rant
    By Aniela in forum Stripping (was Stripping General)
    Replies: 7
    Last Post: 06-22-2013, 08:59 PM
  2. Camming new articles: "Amateur Porn Really Can Pay the Bills"
    By GlamourRouge in forum Camming Connection
    Replies: 28
    Last Post: 05-20-2012, 12:11 PM
  3. Im stuck with taxes! dont want to be a "stripper"
    By glitterbaby in forum Dollar Den
    Replies: 17
    Last Post: 03-02-2008, 05:00 PM
  4. Replies: 0
    Last Post: 06-09-2006, 04:01 PM
  5. Replies: 11
    Last Post: 11-12-2004, 03:14 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •