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| Grumpy Old Pharts Board Gerritol, Ex-Lax, Immodium, Bad Breath - all requirements for the Grumpy Board |
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03-18-2007, 09:59 AM
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#31
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Retired Surfer
Join Date: Dec 2000
Location: Sunset Grill
Posts: 9,511
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I am pretty sure assessors can get you for anything that is attached..........such as a painting or other hanging thingies.
This is a question I have needed answering and I appreciate it being asked. So if I go to my town hall and get a business license for the flies/teasers I sell here and there, what they will do in return is tax me on what I use to make them, bucktail, thread, hooks, vise, right? I have been going to do thisbecause two suppliers I have approached over and above the ones I use want that business license in place. So how bad can it be to get taxed on some flie tying material and vise?
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Swimmer a.k.a. YO YO MA
Serial Mailbox Killer/Seal Fisherman
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03-18-2007, 06:35 PM
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#32
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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I can't imagine the tax on my stuff will be too much Frank?? A bandsaw a lathe, a few drill presses and a compressor???? $50.00 maybe??? I am not gonna sweat that! I don't think they will tax you on those Frank....they specified power tools to me!
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Almost time to get our fish on!!! 
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03-18-2007, 10:20 PM
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#33
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Moderator
Join Date: Oct 2000
Location: 4 hours from my favorite place
Posts: 5,366
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Big fish....basically everything in life is taxed at least twice. Go to work earn money and they tax you. Take whats left and buy stuff you need....they charge sales tax on that. Buy a house...taxed. Car, boat, trailer, taxed...then exise tax on top of that yearly. It doesnt end.....
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Simplify.......
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03-19-2007, 05:01 PM
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#34
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Hydro Orientated Lures
Join Date: Oct 2002
Location: Brockton,Ma
Posts: 8,484
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Quote:
Originally Posted by Jenn
Big fish....basically everything in life is taxed at least twice. Go to work earn money and they tax you. Take whats left and buy stuff you need....they charge sales tax on that. Buy a house...taxed. Car, boat, trailer, taxed...then exise tax on top of that yearly. It doesnt end.....
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what a racket Sales Tax is ... A dolllar changes hands 20 times they got the whole dollar .. |
Belcher Goonfoock (retired)
(dob 4-21-07)
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03-26-2007, 07:43 AM
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#35
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Afterhours Custom Plugs
Join Date: Mar 2004
Location: R.I.
Posts: 8,642
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we need the national sales tax - no income tax on earnings-just on spendings.
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03-26-2007, 09:24 AM
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#36
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........
Join Date: Apr 2002
Posts: 22,805
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the only way to screw them is with a trade...
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03-26-2007, 07:06 PM
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#37
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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The irs guy was walking around at the msba show. Wonder if he'll be at risaa too.
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03-26-2007, 07:34 PM
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#38
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Registered User
Join Date: Feb 2005
Location: Burlington
Posts: 2,290
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Swimmmer - you will not pay a sales tax on materials. The equipment will be taxed. Once you are a registered business you can write off all your expenses. That includes space rented and auto expenses. The states of MA & RI will require a tax payment monthly. Screw up and the penalties fly. 
The tax that really croaks you is the extra 15% tax you have to pay to be in business.
Just wait till you get audited!  |
low & slow 37
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03-26-2007, 08:01 PM
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#39
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........
Join Date: Apr 2002
Posts: 22,805
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Quote:
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
The irs guy was walking around at the msba show. Wonder if he'll be at risaa too.
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tar and feather's comes to mind  |
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03-27-2007, 07:12 AM
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#40
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Plug Builder in Training
Join Date: Apr 2000
Location: wareham MA
Posts: 4,046
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Quote:
Originally Posted by afterhours
we need the national sales tax - no income tax on earnings-just on spendings.
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03-28-2007, 12:40 PM
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#41
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Super Moderator
Join Date: Aug 2000
Location: Middleboro MA
Posts: 17,125
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Quote:
Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
The irs guy was walking around at the msba show. Wonder if he'll be at risaa too.
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So? was he buying plugs or something?
who cares if he'll be at rissa, maybe he'll catch a seminar or 2 about how to fish. |
The United States Constitution does not exist to grant you rights; those rights are inherent within you. Rather it exists to frame a limited government so that those natural rights can be exercised freely.
1984 was a warning, not a guidebook!
It's time more people spoke up with the truth. Every time we let a leftist lie go uncorrected, the commies get stronger.
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03-28-2007, 12:52 PM
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#42
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Registered User
Join Date: Apr 2002
Posts: 5,945
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