Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post

Raven · 03-13-2007, 05:32 PM

i wouldn't worry about it Bigfish....

as the usa world turns....your business is small potatoes.

no offense meant... and i had not paid taxes for many years

all caught up now... tho

, but that wasn't the first time

either... so my point is that allot of that stuff is never enforced.

technically....you have to take all your materials...you spent

fixing the plug shack..all the fuel you used and spent $$ cash

to buy...every tool you own and use to make plugs.....the wood,

the paint, chisels, lathe,hardware everything and say its worth x amount of
dollars.....

then compare your current profit margin to that figure....

so .... when your profit margin is at the 100,000.00 level
then they might have an interest. Until then i wouldn't worry.

03-13-2007, 05:32 PM	#5
Raven ........ iTrader: (0) Join Date: Apr 2002 Posts: 22,805 Blog Entries: 1	---------- i wouldn't worry about it Bigfish.... as the usa world turns....your business is small potatoes. no offense meant... and i had not paid taxes for many years all caught up now... tho , but that wasn't the first time either... so my point is that allot of that stuff is never enforced. technically....you have to take all your materials...you spent fixing the plug shack..all the fuel you used and spent $$ cash to buy...every tool you own and use to make plugs.....the wood, the paint, chisels, lathe,hardware everything and say its worth x amount of dollars..... then compare your current profit margin to that figure.... so .... when your profit margin is at the 100,000.00 level then they might have an interest. Until then i wouldn't worry.