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Thread: "Why should you pay taxes?"

  1. #26
    Banned Melonie's Avatar
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    Default Re: "Why should you pay taxes?"

    ^^^ No, she was still able to work. And the IRS 'resolved' things very quickly after she agreed to pay the $35k settlement ( which she had to sell her new car in order to raise ). But if she hadn't accepted the $35k IRS settlement offer, she would have faced a situation of having every additional dollar she deposited into her bank account ALSO frozen, along with her new car being impounded etc. And she would also have faced a situation of having to come up with $10k or whatever to pay a tax attorney using funds that had to come from a new source besides her frozen bank accounts or selling her car ( which the IRS would have continued to 'hold hostage' ).

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    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by oldster View Post

    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..........
    I did set it up as an S Corp, thanks to the advice I found on this forum. I have it set up where I take 10% from the gross total income to put into a savings account, and pay myself a fair salary from what's left and the remainder is dividends. It helps obscure the paper trail, which keeps me happy, and it makes taxes a LOT easier, which keeps the government happy.

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    Default Re: "Why should you pay taxes?"

    I am a dancer and I pay taxes. I invest, own a home, pay for school, use a credit card and pay it off every month- so it would be stupid for me to claim I didn't make money.
    That said, I do not think my club (they own 9 clubs) will issue any dancer a 1099 this year. Melonie, you say clubs have to, but what if they don't pay you out money? At my club customers get money on their credit card in the form of a cash advance, given actual cash not funny money. We are only paid in cash from the customer directly.

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    Banned Melonie's Avatar
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    Default Re: "Why should you pay taxes?"

    ^^^ the minimum threshold for issuance of 1099's under the new law is $600 in total payments to a single business / dancer during all of the year 2014. If indeed club customers are obtaining 'cash advances' from their credit cards via a non club owned ATM, then there isn't any credit card transaction between the customer and the club. Therefore there can't be any subsequent payment between the club and the dancer. Thus no requirement for the club to issue a 1099 to the dancer.

    However, if the customer's credit card transaction involves the club's credit card merchant account i.e. buying 'funny money' or buying VIP time or anything else involving a 'paper trail' that first flows from customer to club and then from the club to the dancer, this is a different story.

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    Default Re: "Why should you pay taxes?"

    Just a minor point, 'if'' you are an S corp and a club/camsite etc is paying the corporation, they will not be issuing you a 1099. Had a minor panic attack as it is that time of year but reading the current rules

    http://www.irs.gov/instructions/i1099msc/ar02.html

    it is as it was. Which would explain why I get no 1099s....................and still have to send none.

    So you also would not have to send out 1099's for payments to incorporated clubs etc

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    Banned Melonie's Avatar
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    Default Re: "Why should you pay taxes?"

    ^^^ that is true. If you are working through an S-Corp you can still 'net out' total dollars received ... without having to worry about keeping track of how much money you paid out in house fees, in tips to DJ / Bouncers etc. and issuing separate 1099's to them at the end of the year.

    Oldster, if you do some additional research, you'll find that under latest IRS rulings any 'tips' paid by dancers to DJ's / Bouncers etc. in the absence of the unincorporated dancer issuing 1099's to those DJ's / Bouncers etc. are now considered to be 'voluntary gratuities' ... which are NOT deductible as a business expense.

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    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by Melonie View Post
    ^

    Oldster, if you do some additional research, you'll find that under latest IRS rulings any 'tips' paid by dancers to DJ's / Bouncers etc. in the absence of the unincorporated dancer issuing 1099's to those DJ's / Bouncers etc. are now considered to be 'voluntary gratuities' ... which are NOT deductible as a business expense.

    how crazy is that.

    Usually it is the big ticket tax cases you see crazy IRS BS. Like interpreting a 'profit' where no income was really created, and dis allowing the related expense

    I am sure if you had a real lawyer you could beat that, but of course it is cheaper to pay.

    Like tipout is really voluntary.............

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    Featured Member Cashmere Star's Avatar
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    Default Re: "Why should you pay taxes?"

    I like having public schools for children so they don't become reckless hoodlums when I am older, well constructed roads to make our lives easier, public transportation systems, clean tap water.. these are all funded with tax money.


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  10. #34
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    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by rosemead View Post
    I like having public schools for children so they don't become reckless hoodlums when I am older, well constructed roads to make our lives easier, public transportation systems, clean tap water.. these are all funded with tax money.
    if the money really was going to these schools they wouldn't be so sh!tty. The real money is lining the pockets of politicians.
    The only way to get rid of a temptation is to indulge in it...


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    Default Re: "Why should you pay taxes?"

    Quote Originally Posted by rosemead View Post
    I like having public schools for children so they don't become reckless hoodlums when I am older, well constructed roads to make our lives easier, public transportation systems, clean tap water.. these are all funded with tax money.
    Children in public schools are more likely to become reckless hoodlums if they attend schools in the hood LOL!!!

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    Default Re: "Why should you pay taxes?"

    I actually read a study that said that public vs private school makes no difference on the child's outcome.

    The difference is that the children who attend private schools already have more resources($$$$$) or their parents wouldn't be able to pay for private schooling. And if they went on scholarship (which is a tiny %), those parents are already more aggressive and disciplinary about their child's schooling and behavior or they wouldn't have made it that far.

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    Senior Member drewburner69's Avatar
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    Default Re: "Why should you pay taxes?"

    Lots of good advice on this post - My only comment is to - thank God that you are making enough money to pay taxes - think about all the unemployed and underemployed people who had there jobs outsourced to slave wage foreign countries,

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    Default Re: "Why should you pay taxes?"

    ^^^ but also consider the 'flip side' ... what is the cash equivalent value of their unemployment checks, plus food stamps, plus subsidized rent, plus subsidized utility bills, plus 'free' medical care ? By some reports, this can be well over $30k per year. And not only do they NOT have to deal with dancing naked or fending off 'sexual assaults' by grabby customers, but they also have zero costs for gasoline, zero costs for costumes and shoes, etc.

    There's a reason that people continue to illegally immigrate to the USA to work at 'low skill level' jobs ... lots of unemployed Americans refuse to take such jobs because remaining unemployed 'pays better' !!!

    This concludes our test of the quasi-political broadcast system, and we now return you to regularly scheduled programming !!!!!!!!

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