Dr Gregg
Rookie
- Jan 28, 2010
- 2,901
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- Banned
- #41
Business owners get a hell of a lot more deductions and write-offs than W-2 people.
So quit yer bitchin'.
Don't be angry at us business owners because we're smarter than you W2 wage slaves.
I bet it really gets your goat that a business owner is able to write off a lot of personal expenses doesn't it.
For example I can't remember the last time I paid for coffee, or paper towels or many other household items. I even have the business pay my heating bills so I can write them off. And not to mention that I get to avoid Social Security taxes on a large part of my income.
It's good to be a business owner.
the OP doesn't sound smart if his entire savings, at age 55, are tied up in business. Seems a bit risky. Hope his business succeeds, but there are plenty W-2 people that at their current age have a nice savings and its not tied up in a business that may or may not succeed