Started By
Message

re: Besides W2 employees, what percent of people are 100% honest with taxes?

Posted on 6/6/18 at 10:17 pm to
Posted by CohibaLady76
Member since Dec 2017
178 posts
Posted on 6/6/18 at 10:17 pm to
Our tax account claims 100% of all our income sources but pushes the limits on deductions, credits, etc. He always says that is the key to minimize problems while limiting taxable income. I do know several people (including some family members) that DON'T claim all income, especially goods and services in a barter system while also pushing the limits on expenses and deductions for small businesses and self employed. I think this is pretty common with non-W2 wage earners.
Posted by dat yat
Chef Pass
Member since Jun 2011
5044 posts
Posted on 6/6/18 at 10:25 pm to
I am 100% honest with my W2 income. I fudge the hell out of rental income and flip income, mainly because I don't keep records well*, and guess a lot at tax time.

*I am an Auditer/Examiner in commercial finance; I really should know better....
Posted by Koach K
Member since Nov 2016
4818 posts
Posted on 6/6/18 at 10:25 pm to
Man you ain’t kidding. Sales tax will sneak up and bite the inept.
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram