Re: [CAD_CAM_EDM_DRO] Re: Off topic but very lucky

cnc4me@... wrote:

> > It is my luck to share 50 percent of my income with my business
> > partner, Uncle Sam, who does not take my risks and is not to be
> found
> > to share the work or the losses if I make a mistake.

You need to find a new accountant! (You obviously must be using a bad
one, as if you did your taxes yourself, you would have run across all
the
incredible deductions, writeoffs, depreciations, business use of home,
etc. that are available.)

Or else, you are making money hand over fist, reliably, month after
month, to
get into that tax bracket!

I make money hand over fist when I have a manufacturing run going, but
there
are long gaps between them. But, I deduct all the goodies I can,
whether I
have a lot of income that year or not! You can also carry-over some
undeductable
expenses from one slow year to the following year with more income.
On slow years, I pay anywhere from 0-15 % federal taxes, on a really
good
year it can get up close to 30 %. (I also have 6 kids -- (really not MY
idea !!)
and they do give you a tax break, too.) Now, of course, that is 15 or
30 %
of the ADJUSTED gross income, and after business deductions, that is a
WHOLE lot less than the gross proceeds.

If you haven't seen Kiplinger's Tax Cut program, you might look at it.
Usually
available for about $9.95 after rebates at the local OfficeMax type
store,
it does a better job with my taxes (with ALL the business bells and
whistles)
than my old accountant did for $300+. I still need to provide all the
same
records, but I can see how things are going as I enter all the numbers.
It even handles the 50+ items I have in the depreciation schedule, aging

them year by year.

Jon