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My monthly income from my personal savings and retirement plans are structured in such a way as to insure that rather than pay income taxes, I will be getting tax refunds.
Originally posted by Whiffer Nippets
This is pure BS.
Guy -supposedly- owns a business yet he trusts all this to accountants who cannot forecast? There is "no data" to work with? And they seemingly know nothing of income taxes either.
Here's where he hangs himself: (from the OP)
My monthly income from my personal savings and retirement plans are structured in such a way as to insure that rather than pay income taxes, I will be getting tax refunds.
Originally posted by Whiffer Nippets
Who in the heck is going to listen to an "accountant" who claims they don't know what to do and they have no data?
Right. That's exactly what I'd do. Liquidate my biz because my accountant says they have no data and don't know what to do. Sure.
This story is pure fiction.
Originally posted by Whiffer Nippets
Nope. Sorry. I ran this by an accountant. I am correct.
And if he claims to have enough "income" to support his supposed lifestyle - yeah - he ain't going in no 'poor bracket'.
Besides which - he stated himself that his accountants do not know what their doing.
This story is nothing but a fantasy built to Propagandize against so called "Socialists".
Again, it's an interesting story - but there are far too many holes in it.
If you're going to try and float BS it actually helps if you know what you are talking about.
That's his biggest mistake - he knows no details. Anyone with a supposedly mid sized and successful business who's been doing it for 30 years has absolutely got to know some basics of accounting. They would not say - "my accountants set it up in such a way" - he would use more detail.
And - he's liquidating this biz due to the upcoming health care plan? Yeah - that's how many years off? And yes a competent accountant would know how to work with this.
Who in the heck is going to listen to an "accountant" who claims they don't know what to do and they have no data?
Right. That's exactly what I'd do. Liquidate my biz because my accountant says they have no data and don't know what to do. Sure.
This story is pure fiction.