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RE: An Unexpected Christmas Present and How To Pay Less Tax

in #music7 years ago

I have no idea about audio recording equipment in the least. I will say I love the fuck over of the tax laws. :) Upvoted for telling Uncle Sam to fuck off.

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Ug...every year we go through this! Since we have an S-corp, we pay the taxes for the business personally. So then we have to spend money on things that perhaps we may need in the coming year, otherwise it goes to the IRS. Of course, it's not dollar-for-dollar in the end: we only get to write off what % our tax bracket is. But we consider it as getting a really good deal on something. And not giving it to the Feds. Win-win.

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