Who’s ready for massive unemployment

[UncleBuck]

Explain what part of this is illegal. @TacoMac agree so he can help. I need the lol.

Set up a S corporation for self. have your clients or customers now pay the corporation instead of you. begin withdrawing a salary ( earned income) from the corporation . not a full salary 50-60 percent then pay yourself the other 50-40 in dividends ( unearned income ). self-employment tax applies only to earned income.
you are then eligible to deduct half of your self-employment taxes from your federal taxable income.

So lie about half my income to evade taxes?

 

[londonfog]

So lie about half my income to evade taxes?

Damn you stupid. Cant believe you have people following you on this site. Where's the lie ? You paying yourself income and dividends. Interest income and dividends are considered forms of unearned income. You still reporting, just not paying out your ass for your self-employment tax. Just admit you clueless about how this works, then maybe you can learn what it takes to become a business owner that makes profits. How many people you have on payroll ?

 

[UncleBuck]

Damn you stupid. Cant believe you have people following you on this site. Where's the lie ? You paying yourself income and dividends. Interest income and dividends are considered forms of unearned income. You still reporting, just not paying out your ass for your self-employment tax. Just admit you clueless about how this works, then maybe you can learn what it takes to become a business owner that makes profits. How many people you have on payroll ?

so what is the net benefit in lying about half my income to evade federal taxes

 

[londonfog]

so what is the net benefit in lying about half my income to evade federal taxes

you use the word lying so I have no answer for your stupidity. What part you don't understand about you're still reporting what you doing just not paying self employment tax on the unearned income.
How many people you have on payroll ?

 

[Sir Napsalot]

I just finished applying for unemployment for my wife who has been laid-off until this shit is over

 

[UncleBuck]

you use the word lying so I have no answer for your stupidity. What part you don't understand about you're still reporting what you doing just not paying self employment tax on the unearned income.
How many people you have on payroll ?

I’ll ask my financial advisor about this today when I request my tax docs from last year so I can get my free SBA loan

what do you think he’ll say about your tax evasion scheme?

 

[rkymtnman]

I just finished applying for unemployment for my wife who has been laid-off until this shit is over

I just became employed as my daughter's 2nd grade teacher probably until fall. Can I get paid whatever the going rate in CO is for teachers? I'm non-union.

 

[londonfog]

I’ll ask my financial advisor about this today when I request my tax docs from last year so I can get my free SBA loan

what do you think he’ll say about your tax evasion scheme?

Please keep up with your lies. You supposedly had already asked him/her.
You have to have a business to get a SBA loan application. You are nothing but a day laborer. You are too stupid and unknowing to be running any kind of business. I see though your lies. Well actually you kind of tell on yourself when you post so much

 

[Sir Napsalot]

I just became employed as my daughter's 2nd grade teacher probably until fall. Can I get paid whatever the going rate in CO is for teachers? I'm non-union.

What is the going rate in carbon monoxide for teachers?

 

[UncleBuck]

Please keep up with your lies. You supposedly had already asked him/her.
You have to have a business to get a SBA loan application. You are nothing but a day laborer. You are too stupid and unknowing to be running any kind of business. I see though your lies. Well actually you kind of tell on yourself when you post so much

Don’t project, liar.

 

[rkymtnman]

What is the going rate in carbon monoxide for teachers?

right now, i need N2O, not CO. Stat!

 

[londonfog]

Don’t project, liar.

Says the fool he is totally lost on how S-corp works. I see you never answered how many people you have on payroll. I'm so about to bust you out on a lie you told recently. Just waiting until you finish saying more stupid shit.

 

[londonfog]

I just checked it out and I qualify

all I have to do is borrow the money (I’d get about $10,000), pay it to myself as weekly payroll, and they’d forgive the loan

LOL I like this regime’s utter incompetence. I’m gonna do this and try to collect pandemic unemployment assistance too

free money to stay home. Awesome

We will just save this little tid bit for when UB returns. Fun times to be had on RIU LOL

 

[TacoMac]

I just finished applying for unemployment for my wife who has been laid-off until this shit is over

I'm very sorry. Hopefully she'll qualify for the higher amount. At any rate, at least it last a lot longer than it used to.

 

[UncleBuck]

Says the fool he is totally lost on how S-corp works. I see you never answered how many people you have on payroll. I'm so about to bust you out on a lie you told recently. Just waiting until you finish saying more stupid shit.

I understand perfectly how your tax evasion scheme works though

your mental breakdown is funny to me. Bernie 2024

 

[londonfog]

I understand perfectly how your tax evasion scheme works though

your mental breakdown is funny to me. Bernie 2024

Well someone like you should report it to the IRS because they allow it. How many people do you have on your payroll in your " business " is it just you making one ?
Bernie might be dead in 2024. Warren 2024 sounds better

 

[londonfog]

I just finished applying for unemployment for my wife who has been laid-off until this shit is over

Did she lose her insurance ?

 

[UncleBuck]

Well someone like you should report it to the IRS because they allow it. How many people do you have on your payroll in your " business " is it just you making one ?
Bernie might be dead in 2024. Warren 2024 sounds better

Better yet I’ll simply not lie to the irs to evade federal taxes in half my income in the first place

 

[londonfog]

Better yet I’ll simply not lie to the irs to evade federal taxes in half my income in the first place

Dumb Dumb you just asking them a question. I'm sure they will agree with me. Sorry you too stupid to understand how an S-corp work day laborer, maybe one day you can become a real business man and understand how to make your business work for you...until then you be the best day laborer you can be.
Can we now talk about that 10,000 you supposedly qualify for, will that be the grant or the PPP ?

 

[srh88]

Well someone like you should report it to the IRS because they allow it. How many people do you have on your payroll in your " business " is it just you making one ?
Bernie might be dead in 2024. Warren 2024 sounds better

Warren, the lady bernie bashed? Either he bold face lying or she was