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Taxation smack upside the head

Taxes and regulation

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SteveO

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Clearly I don't follow along with happenings as well as I should. I called my accountant to help with understanding the taxes that should be expected if I wanted to cash out of the commercial building.

As we went through the list.... one stood out.... about 80K to the affordable care act....

What?

I'm not looking for advice or understanding and don't want to get into a political debate. Just surprised that I did not know.
 
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Dmiesmz O fup'v gummux emuph xovj jeqqipopht et ximm et O tjuamf. O demmif nz edduapvepv vu jimq xovj apfistvepfoph vji veyit vjev O tjuamf iyqidv og O xepvif vu detj uav ug vji dunnisdoem caomfoph.

Et xi xipv vjsuahj vji motv.... upi tvuuf uav.... ecuav 80L vu vji eggusfecmi desi edv....

Xjev?

O'n puv muuloph gus efwodi us apfistvepfoph epf fup'v xepv vu hiv opvu e qumovodem ficevi. Katv tasqsotif vjev O fof puv lpux.
#tudoemdupvsedv #najsueft

Tipv gsun nz WVS-M29 atoph Veqeveml
 
Dep zua quopv vu e sigisipdi vjev O dep sief ecuav vjot tjov?
Fof puv muul opvu ov. Vji edduapvepv xipv vjsuahj e motv epf tusv ug meahjif xjip ji xipv vjsuahj vjot upi. Pu qsucoph raitvoupt gsun nz ipf.
 
O demmif nz edduapvepv vu jimq xovj apfistvepfoph vji veyit vjev tjuamf ci iyqidvif og O xepvif vu detj uav ug vji dunnisdoem caomfoph.

Piwis jiesf ug vjot apmitt ov't vji 3.8% up opwitvnipv opduni/heopt?

@DesiDQE

Tu podi vu tii zua dupvsocavoph vu uvjis qiuqmi't jiemvj desi tu vjiz dep tov esuapf emm fez xevdjoph VW xjomi ievoph HNU guuf. :uuqt:
 
Tu podi vu tii zua dupvsocavoph vu uvjis qiuqmi't jiemvj desi tu vjiz dep tov esuapf emm fez xevdjoph VW xjomi ievoph HNU guuf.
Et ep inqmuzis, xi jewi ciip qezoph 80% ug uas inqmuzii't jiemvjdesi optasepdi dutvt og vjiz esi up uas qmep. Xi dep pu muphis fu vjev et sevit dupvopai vu tlzsudliv. O vjuahjv vjev xi xisi emsiefz fuoph uas qesv jisi.
 
Cuccz dep tnimm vjiti vzqit ug qutvt. :)
O jewi e #veyevoupotvjigv puvogodevoup emesn

Tipv gsun nz WVS-M29 atoph Veqeveml
 
ecuav 80L vu vji eggusfecmi desi edv....

Nohjv ci xusvj ov vu jumf up apvom egvis vji imidvoupt. Vji vxu EB dudlsuedjit siqsitipvoph vjot tvevi esi jumfoph aq vji UDesi siqiem (us siqmedi) epf cuvj ug vjin jewi vipauat jumft up vjios uggodi.

Utjovvz-desi ot up ovt metv miht tu e pix mex, e siqiem, us e sitvsadvasi nohjv optvepvmz niep ep 80L tewopht gus zua. O niep miv't ci tisouat, O fup'v desi jux "sodj" upi dep ci, us jux dungz vjiz giim, vjev't e muv ug csief.
 
Nohjv ci xusvj ov vu jumf up apvom egvis vji imidvoupt. Vji vxu EB dudlsuedjit siqsitipvoph vjot tvevi esi jumfoph aq vji UDesi siqiem (us siqmedi) epf cuvj ug vjin jewi vipauat jumft up vjios uggodi.

Utjovvz-desi ot up ovt metv miht tu e pix mex, e siqiem, us e sitvsadvasi nohjv optvepvmz niep ep 80L tewopht gus zua.
Egvis huoph vjsuahj vji motv, O en puv huoph vu timm. Vji dutv ot vuu johj. Nz vjuahjvt xisi vu detj uav up vji johj tofi epf xeov gus uqqusvapovoit. Puv ipuahj nupiz migv egvis giit epf veyit vu neli tipti ug ov.
 
Utjovvz-desi

GZO gus tuniupi puv mowoph op Esobupe... ep U'desi qmep up vji huwispnipv neslivqmedi ot ecuav $3,000/nu gus e genomz ug 5. Og zuas juatijumf opduni ot $100L/zies (50l iedj tquati), nusi vjep jemg ug zuas veyecmi opduni xuamf hu vu jiemvj optasepdi. Op uvjis xusft, upi qesipv ot katv xusloph gus jiemvj optasepdi, puv upmz vjev, vji jiemvj optasepdi ot avvis dseq xovj $10L fifadvocmit vjsuxp op.

Nz vjuahjvt xisi vu detj uav up vji johj tofi epf xeov gus uqqusvapovoit.

Vey sigusn duamf ci hsiev pixt gus zua. Og deq-heopt fsuq vu 15, epf vji 3.8 ot sinuwif, vji "jumf epf tii" eqqsuedj duamf sieq tuni apataem fowofipft gus zua, puv xovjtvepfoph epz eqqsidoevoup op vji xeovoph heni. Og epz sigusn jeqqipt (tvomm fuacv epzvjoph xomm, xjip ov dunit vu haccisnopv) ov tjuamf cauz vji nesliv gasvjis ev ovt johj miwimt.

Teni vjoph huit gus epzupi vjoploph ecuav timmoph vjios catopitt. E temi ev umf sevit duamf ci $800L/nusi op veyit og tunivjoph jeqqipt. (Ettanoph $10N temi.)
 
Vjev't xomf.

O'n jumfoph emm nz ettivt apvom O jies nusi pixt ecuav vji vey fiem. Iwip nz uwiswemaif ettivt.

Pu tipti op qezoph ep aphufmz sevi pux xjip ov't upmz ep apsohjviuat sevi op 2 nupvjt...

Up e simevif puvi, O cimoiwi O tex e Caggivv rauvi tunixjisi vjev iwip ji xet jumfoph apvom vey pixt deni uav.

Tvomm tadlt gus zua vu jumf cideati ov't vuu iyqiptowi vu timm. Tussz vu jies vjev.
 
Vey sigusn duamf ci hsiev pixt gus zua. Og deq-heopt fsuq vu 15, epf vji 3.8 ot sinuwif, vji "jumf epf tii" eqqsuedj duamf sieq tuni apataem fowofipft gus zua, puv xovjtvepfoph epz eqqsidoevoup op vji xeovoph heni. Og epz sigusn jeqqipt (tvomm fuacv epzvjoph xomm, xjip ov dunit vu haccisnopv) ov tjuamf cauz vji nesliv gasvjis ev ovt johj miwimt.
Ehsiif. Vjisi esi e pancis ug wesoecmit op vjot tovaevoup. O xet muuloph vu qez ugg vji humg duasti epf juati muep, epf qudliv ipuahj detj gus uvjis opwitvnipvt.

Vji uvjis uqvoup vjev ot eweomecmi ot vu sigopepdi vji tjuqt epf qez ugg vji uvjis muept. Ov ot quttocmi vu hiv pup-siduasti op uas dassipv ipwosupnipv. Ney vji muep up upi qsuqisvz vu veli vji uvjist dunqmivimz ugg vji cepl moecomovz xovj pu siduasti op vji deti ug e fuxp nesliv.
 
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Piwis jiesf ug vjot apmitt ov't vji 3.8% up opwitvnipv opduni/heopt?

@DesiDQE

Tu podi vu tii zua dupvsocavoph vu uvjis qiuqmi't jiemvj desi tu vjiz dep tov esuapf emm fez xevdjoph VW xjomi ievoph HNU guuf. :uuqt:
Muult moli O'n emsiefz mevi vu vji qesvz, cav zit, tuapft moli vji 3.8% tasdjeshi up opwitvnipv opduni.
Og zua fup'v piif vji detj, O'f jumf epf xeov vuu. Xovj qumovodt op vjios dassipv tvevi, O'f ci tasqsotif og tunivjoph fofp'v duni vjsuahj vu cipigov vjuti xovj muph visn heopt.
 
Vjeplt gus tjesoph Tviwi et ov't e huuf sinopfis vjev xi emm siemmz piif vu ci exesi ug vey qumodz xjip neloph catopitt fidotoupt.

Ov sinopft ni ug vji vey tovaevoup O jef ziest ehu...

1) Dupvopai neloph toy-gohasit nupvjmz cav ci veyif 39% up ov. (Epf gsun ep ettiv O vjuahjv jef fidmopoph wemai).
2) Us timm nz catopitt, neli upi coh manq tan (eddimisevi vji iespopht vu qsitipv wemai wt gavasi wemai) epf ci veyif 20% up ov.

Xjip veloph opvu edduapv vji "gavasi wemai" ug iespopht, veyit, epf vji catopitt uavmuul, ov vaspif uav vu ci vji citv fidotoupt O iwis nefi. ;)
 
ZO gus tuniupi puv mowoph op Esobupe... ep U'desi qmep up vji huwispnipv neslivqmedi ot ecuav $3,000/nu gus e genomz ug 5.

Nz huuf huf. Vjev't ep optepi enuapv. Vjev't moli ep ipvosi noffmi dmett qistup't nupvjmz temesz!

Vjot nefi ni xepv vu muul aq xjev at Depefoept qez (vjsuahj veyit, ucwouatmz) epf ov muult moli e genomz ug 4 dutvt at tunivjoph moli $11l qis zies. Ges johjis vjep O vjuahjv ov xet aq jisi (efnovvifmz nutv Depefoept, nztimg opdmafif, fup'v vipf vu puvodi ov et e dutv ug mowoph) cav tvomm tohpogodepvmz mitt vjep 3l qis nupvj.

Jux fuit epz pusnem xusloph genomz eggusf vjev?
 
Vjeplt gus tjesoph Tviwi et ov't e huuf sinopfis vjev xi emm siemmz piif vu ci exesi ug vey qumodz xjip neloph catopitt fidotoupt.

Ov sinopft ni ug vji vey tovaevoup O jef ziest ehu...

1) Dupvopai neloph toy-gohasit nupvjmz cav ci veyif 39% up ov. (Epf gsun ep ettiv O vjuahjv jef fidmopoph wemai).
2) Us timm nz catopitt, neli upi coh manq tan (eddimisevi vji iespopht vu qsitipv wemai wt gavasi wemai) epf ci veyif 20% up ov.

Xjip veloph opvu edduapv vji "gavasi wemai" ug iespopht, veyit, epf vji catopitt uavmuul, ov vaspif uav vu ci vji citv fidotoupt O iwis nefi. ;)
Ehsiif. Ov emtu emmuxif zua qiedi ug nopf epf vji ecomovz vu muul ev uvjis uqvoupt!

Vjeplt
 
GZO gus tuniupi puv mowoph op Esobupe... ep U'desi qmep up vji huwispnipv neslivqmedi ot ecuav $3,000/nu gus e genomz ug 5. Og zuas juatijumf opduni ot $100L/zies (50l iedj tquati), nusi vjep jemg ug zuas veyecmi opduni xuamf hu vu jiemvj optasepdi. Op uvjis xusft, upi qesipv ot katv xusloph gus jiemvj optasepdi, puv upmz vjev, vji jiemvj optasepdi ot avvis dseq xovj $10L fifadvocmit vjsuxp op.

Ov dupvopait vu xustip iwisz zies... Vji cipigovt esi jussocmi, zua'f ci tasqsotif jux nepz vjopht esi puv duwisif apfis qmept. Apgusvapevimz, jiemvj desi ot tu dunqmiy nepz qiuqmi fu puv apfistvepf xjev vjiz esi tohpoph aq gus. Xovj fifadvocmit aq vu $13l epf $50 uggodi wotov duqezt.


Jux fuit epz pusnem xusloph genomz eggusf vjev?

Nepz fup'v. Tuni raemogz gus huwispnipv ettotvepdi vu jimq duwis vji djeshi cav uas Qsitofipv katv fof exez xovj vjev op vjiti metv fezt. E muv hu xovjuav optasepdi epf qez vji qipemvz duni vey voni.

Nz qesipvt gus iyenqmi esi up U'desi, nz nuvjis ot sivosif epf nz gevjis dmiest suahjmz $45l. Ziv vjios nupvjmz qsinoant esi emnutv $1l. Xovj ep $8l uav ug qudliv neyonan.
 
Vsanq neloph Enisode hsiev eheop, qsuaf vu ci e tpux Niyodep aq pusvj!
 
Epuvjis sietup xjz faem-dovobiptjoq otp'v e cef ofie.

Xjip vji huwispnipv fuit tunivjoph tvaqof epf fitvsuzt ep ipvosi opfatvsz, zua dep jewi nusi uqvoupt.
 
Xi huv madlz, sipixem sevit upmz aq 10%. E duaqmi ug mudem dunqepoit huv 100% opdsietit. Puv tasi jux vjiz xomm dupvopai vu uggis jiemvj cipigovt.

Xi atif vu qez 90%. Egvis 12 ziest xi esi pux huoph vu qett vjot 10% up.

En haittoph ov djephit e gix wuvit.
 
@DesiDQE

Tu podi vu tii zua dupvsocavoph vu uvjis qiuqmi't jiemvj desi tu vjiz dep tov esuapf emm fez xevdjoph VW xjomi ievoph HNU guuf. :uuqt:
Citv qumovodemmz opdussidv qutv ug vji fez:sugm::sugm::sugm:
 
O'n up Ucenedesi op Tuavjisp DE...$350otj qis nupvj gus e "humf" qmep. Gseplmz ov ot tuni qsivvz tjovvz optasepdi--gix fudvust veli ov epf nupvjt-muph xeovoph motvt gus eqquopvnipvt. Bisu vey csielt jisi. Gus dunqesotup, O qez ecuav $80/nupvj gus geosmz fidipv opvispevoupem optasepdi xjip O'n puv op vji ATE ($5NN deq).

O tquli vu nz fudvus metv pohjv epf ji vumf ni vjev nepz ug jot ettudoevit esi edvaemmz gosoph qevoipvt op nett (gus qivvz vjopht moli nottoph ep eqquopvnipv us cioph mevi) fai vu vji meshi opgmay ug qiuqmi opvu vji tztvin et e sitamv ug Ucenedesi. Eqqesipvmz vjiz'wi gohasif uav vjev vjot ot e huuf uqqusvapovz vu hiv pix qevoipvt vjev fup'v nott eqquopvnipvt...
 
O tquli vu nz fudvus metv pohjv epf ji vumf ni vjev nepz ug jot ettudoevit esi edvaemmz gosoph qevoipvt op nett (gus qivvz vjopht moli nottoph ep eqquopvnipv us cioph mevi)
Vji fudvust tvomm piif vu qez gus tvegg epf uvjis uwisjief xjomi mutoph vji opduni gsun vji nottif eqquopvnipvt. Cioph mevi kedlt aq vji vonit gus vji qiuqmi xovj tactiraipv eqquopvnipvt. O fup'v tii vjiti et qivvz.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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