Does this seem like OVERKILL from my lawyer???

[hereforinfo]

what do you mean "WHAT TAXES?"

What do you think I do when I make over $50,000 per year? Do I just tell the IRS to get bent? I have to pay like 12% of that in taxes.

According to your posts in the other thread, you "throttle" your income down to zero on your tax returns.

[debtmonster]

According to your posts in the other thread, you "throttle" your income down to zero on your tax returns.

No, I throttle it down using write-offs so my income can go way under the median. I never said anything about not paying taxes. You pay less taxes, but not zero.

If you got a 1099 for $60,000 and had $20,000 in expenses, you now have made a gross of $40,000.

If you got a W-2 for $60,000, you didn't have $20,000 in expenses because you're working for somebody else. So you grossed $60,000 and that's that. End of story. You can't throttle down anything without some kind of home business on top of this.

[hereforinfo]

No, I throttle it down using write-offs so my income can go way under the median. I never said anything about not paying taxes. You pay less taxes, but not zero.

If you got a 1099 for $60,000 and had $20,000 in expenses, you now have made a gross of $40,000.

If you got a W-2 for $60,000, you didn't have $20,000 in expenses because you're working for somebody else. So you grossed $60,000 and that's that. End of story. You can't throttle down anything without some kind of home business on top of this.

Not true. There are tons of other legitimate tax deductions one can take. Mortgage interest, property taxes, rental property losses and deductions, etc. We have about $38k to deduct each year just in mortgage interest and property taxes on our primary residence alone. Can't get that kind of deduction living in a relative's spare bedroom.

[debtmonster]

Not true. There are tons of other legitimate tax deductions one can take. Mortgage interest, property taxes, rental property losses and deductions, etc. We have about $38k to deduct each year just in mortgage interest and property taxes on our primary residence alone. Can't get that kind of deduction living in a relative's spare bedroom.

Those are standard deductions that you take whether you're working W-2 or 1099. With a 1099 you get a whole bunch of write-offs on top of all of those.

You're rich. You shouldn't even be messing with bankruptcy. Most of us can barely afford one house and you have more than one. I don't feel sorry for you in the least bit. Anyone who can afford more than 1 home, I don't feel any pity for.

You shouldn't even be on a bankruptcy forum to start with. So stop wasting our time and leave.

[hereforinfo]

First of all, I'm not in bankruptcy. This is a public forum and is open to anyone.

I know that those deductions are available whether one is 1099 or W-2. I was responding to your comment that someone who is W-2 is paying taxes on their gross earnings and "that's that, end of story." That is not the end of the story because there are plenty of ways to reduce your taxable income besides joining some stupid pyramid scam, I mean scheme.

[debtmonster]

... besides joining some stupid pyramid scam, I mean scheme.

You sir, are a scam. Go away.

[hereforinfo]

You sir, are a scam. Go away.

You are just a "glass is half empty" kind of person. You need to stop being so pessimistic and doubtful all the time. That's no way to go through life with that attitude.

[debtmonster]

You are just a "glass is half empty" kind of person. You need to stop being so pessimistic and doubtful all the time. That's no way to go through life with that attitude.

No, I am the "glass half full" person. You people are the ones with the negative comments about my posts. I'm the one trying to be positive here and then you try to wreck my posts with your negative and doubtful comments. Stop turning my posts into debates. It's getting old already.

If you don't like what I have to say, then just keep scrolling and stop adding your drama to it.

Thanks.

[Flamingo]

You sir, are a scam. Go away.

Debtmonster...this is from the forum rules..."All BF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BF you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed."

This thread is being closed as it has gone off topic and has run it's course. If attacks on posters persist with name calling, further action will be taken.