Quote:
Originally Posted by Discuss Thrower
I mean the amount of Federal, State and KCMO tax. I ain't rich yet I effectively lose 30% of my earnings and get what in return? the 1% KC tax especially. The schools suck. The roads suck. If I used the libraries I could say they suck if that were true. So where's that money going?
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I hear you.
Nobody hates taxes more than this guy.
Mine are better with a couple kids and QBI. Kansas sucks ass too fwiw. Wife teaches and that’s supposed to be where all the money goes and talk about a shit return.
Farmers are cash accounting and one year I deferred a bunch of grain and maxed out SE and then income average. It was a sound strategy but MOTHER****ER that sucked serious ass. I started an S Corp directly. I didn’t think I was a big enough farmer to justify it at the time, but I should have done it from the get go.
When we had the big liability that year I thought my wife was going to tell me you’re done with this farming shit LOL.