The big money boys prefer gridlock. So do I. The best government is one that can't get anything done. As for the raise in taxes coming up you just have to remember that a side job or business is untaxed after "deductions".
Unless your dumb enough to tell any one aboutthe amount your cash intake. You can literally lose money for years and not pay enough taxes to matter. Just make sure you have your lines of credit in place. Remember, borrowing is a tax free event in business. Besides there are people in real estate who pay next to nothing in taxes year after year because no one knows they even exist!
Get a good tax guide and prove it to yourself. That 's my plan for what it's worth. Boom and bust are the norm.
Get ready for the next boom.
Hot Air » Who will be the New Obstructionists after the midterms?
Unless your dumb enough to tell any one aboutthe amount your cash intake. You can literally lose money for years and not pay enough taxes to matter. Just make sure you have your lines of credit in place. Remember, borrowing is a tax free event in business. Besides there are people in real estate who pay next to nothing in taxes year after year because no one knows they even exist!
Get a good tax guide and prove it to yourself. That 's my plan for what it's worth. Boom and bust are the norm.
Get ready for the next boom.
Hot Air » Who will be the New Obstructionists after the midterms?
Rumor has had Barack Obama secretly hoping for a Republican victory in the midterms, a pet conspiracy theory that propagated among House Democrats during the winter of their discontent over ObamaCare. Ever since, pundits have convinced themselves that having a foil in a Republican-controlled House would allow Obama to blame the GOP for any gridlock, and use that to get himself re-elected in 2012. Bill Clinton did something similar when he won a standoff and a government shutdown with Newt Gingrich in 1995.
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