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Author Topic:   Pate fuel tanks and taxes
BemidjiWhaler posted 04-14-2004 03:38 PM ET (US)   Profile for BemidjiWhaler   Send Email to BemidjiWhaler  

This morning I called Pate Plastics in Miami to order a C-24 for my MTK 170. The price (including shipping) will be $415.00.

This afternoon I did my income taxes. I owe the IRS, no kidding, $415.00.

Help me gang, what should I do? I've got to get my priorities straight.

Dave\Bemidji

Legobusier posted 04-14-2004 03:58 PM ET (US)     Profile for Legobusier  Send Email to Legobusier     
Send the IRS a check made out to Pate Plastics...It will buy you some time and by the time they figure it out, you can explain the "honest" mistake and pay em. :)

Note: The above is not my professional opinion no in any way should be taken as a recomendation to screw those commie bastards at the IRS.

BemidjiWhaler posted 04-14-2004 04:45 PM ET (US)     Profile for BemidjiWhaler  Send Email to BemidjiWhaler     
What if I send Pate a check made out to the U.S. Treasury? Do you think they'll send the tank? What will I do if they send the tank to the IRS? This is getting complicated.
LHG posted 04-14-2004 05:08 PM ET (US)     Profile for LHG    
Re-figure your taxes to come out even, and send the $415 to Pate!
Knot at Work posted 04-14-2004 06:49 PM ET (US)     Profile for Knot at Work  Send Email to Knot at Work     
Tell them that the government will recover the taxes owed by the taxes collected on the gas you will be putting in the tank. Tell em you gave at the office.

jimh posted 04-14-2004 09:28 PM ET (US)     Profile for jimh  Send Email to jimh     
You should pay your income taxes and be very glad you got a bargain this year.

When the media conspires to elect a party that wants to raise your taxes, you will never see a tax rate this low again, the rest of your life. Take advantage of it while you can.

Spend all the money you have because in two years you will be sending every cent you used to spend on boating to the government in the form of higher taxes. They'll be used to fund social programs to create more voters to re-elect politicians that favor higher taxes. That is how it works these days in America.

Your money is their money, after November.

AQUANUT posted 04-14-2004 10:43 PM ET (US)     Profile for AQUANUT  Send Email to AQUANUT     
I got a question.

how many states besides Oregon require a state issued boat drivers permit?

AQUANUT posted 04-14-2004 10:47 PM ET (US)     Profile for AQUANUT  Send Email to AQUANUT     
after re-reading this thread....
415 buckaroos?.....WOW..........
now thats dialed in really close
I just gave sam enuf to buy a new
Jaccuzzi....and I thot I was dialed in.
Jeepers
BemidjiWhaler posted 04-15-2004 09:37 AM ET (US)     Profile for BemidjiWhaler  Send Email to BemidjiWhaler     
The 415 buckaroos I gave to Uncle Sam was in addition to the cost of a new Montauk he had already taken from my paycheck.

jimh, I read you loud and clear about our collective tax future....

prj posted 04-15-2004 09:40 AM ET (US)     Profile for prj  Send Email to prj     
I agree jimh, after all, it's MY DAMN MONEY, right?
I mean, I work hard for it and those lazy SOBs
that can't get off their butt and get a job in this
fabulous economy can just go to hell.
I DON'T CARE one iota about the rest of youse,
'cause it's MY MONEY!

Programs for the environment?
Screw 'em, we don't need water here in the Great Lakes Region
and the rest of you can tough it out.

Poverty and undereducation in the Cities,
our economic engines?
TOUGH! The view is fine from my bedroom community,
at least as soon as I disappear into my garage in the evening,
and as long as I don't have to venture out until tomorrow morn.

Thank god we've awaken from that 8 year long
national nightmare of peace and prosperity
into the current Admin.'s "vision" of a new world!

jimh posted 04-15-2004 01:49 PM ET (US)     Profile for jimh  Send Email to jimh     
If we raise taxes high enough, we can start a government program to teach boating, too.
Moose posted 04-15-2004 04:33 PM ET (US)     Profile for Moose  Send Email to Moose     
This is fantastic!

I'm only a newcomer... it's great to see that the views on taxation aren't all sugar-coated and P. C.

Just think of the boats we all could have if we got a real tax cut/break, not this stuff where they cut it here and slip it back in over there while your not watching.

Prj, great to see your views on where our water in the Great Lakes should stay.

prj posted 04-16-2004 10:51 AM ET (US)     Profile for prj  Send Email to prj     
Darn,
where's that "dripping with sarcasm" emoticon
when you really need it...

Patrick

Moose posted 04-16-2004 04:38 PM ET (US)     Profile for Moose  Send Email to Moose     
Enjoyed that post prj, I think I caught your wink at the end of it.

I can't help but to hope that you'd like to see the Great Lakes water stay in the Great Lakes like us over on the east shore of Lake Michigan.

prj posted 04-16-2004 05:11 PM ET (US)     Profile for prj  Send Email to prj     
Thanks Moose,
and that issue was the only one I was dead serious on.
We are strongly with you on the issue of fresh clean water
remaining in the basin, despite the fact that the
subcontinental divide, over which GL water cannot pass
without being returned, runs very close to this coast.
This is quite unlike Michigan whose entire drainage
is within the basin (obvious if you look at a map).

We have suburban sprawl within 15 miles of the shoreline
whose water supplies from both deep and shallow aquifers
are degraded and dropping.
These cats are begging for a crack in the international agreement
about GL water usage.


My retort? Move to the City, go out and have a nice meal,
top it off with a fine 18 year Macallen, then walk home
and draw a glass of clean cool right from the tap!

Buckda posted 04-16-2004 06:52 PM ET (US)     Profile for Buckda  Send Email to Buckda     
I got $15 bucks back, and am not kidding. Am I dialed in enough?

Perhaps if we taught our children self reliance and responsibility more often, and put a stop to the classroom dogma that we're guaranteed life, liberty and happiness, we'd be in a better place.

No one guaranteed success or happiness in this country...just the right to pursue it. Seems to me that people think that they're owed comfort, and ought to "feel good" no matter what life decisions they have made.
(yes, yes, yes...some people have it better than others to start with; but no one can deny that in this country, no matter who you are or what you decide to do, you CAN become successful and happy if you try hard enough and pay attention. This regardless of your starting point in life.)

I'm not speaking from suburbia, or the bedroom communities further out. I am not speaking from the rural farm and forestland that covers much of this great country. I'm writing this three blocks from the absolute center (200 East and 100 North) of one of America's greatest and largest cities. I will agree that as a people we need to pay attention to those among us who are less fortunate than we, but my fundamental difference of opinion is WHO should be paying attention. Certainly not the government. They can't even balance their own checkbook - it is little wonder that those they "look after" through government funded programs face such a challenge to get out of their situations. After all, you can only lead as far as you've come. If you can't keep your financial house in order, then how can you expect those who follow you to do so?

Whoever you vote for this fall, be sure you're voting for the best person for the job and not just along party lines - this person will have to LEAD us into fiscal responsibility and have the strength of character and moral fortitude to lead us through a new era of threats against our countrymen, our interests abroad and our way of life. This individual will have to forge strategic partnerships with our allies and collaborate with myriad so-called experts and advisors - but most importantly, this person will have to be able to take all of this information and make a judgement call - a tough decision - and then follow through in a direction that we are expected to follow. I submit that we don't need a politician, we need a CEO. And we need a new board of directors - people from the field, experts from education and industry. We don't need people who just sit on boards and committees...we need people with real-world experience and who have made difficult decisions with successful outcomes. People who have a proven track-record of fiscal responsiblity and motivating stakeholders. Think about that when you go to the polls - and think about that the next time someone mentions that they think maybe you should get involved.

Privatize, privatize, privatize! Cheaper, faster, stronger better - through financial motivation of stockholders and stakeholders. Government programs are WASTEFUL. Think about how much money your company wastes every year...multiply that by 100, even 1,000 and you've got an approximation of how wasteful it is to let a non-motivated, unincentivized government worker do the same task.

Flat tax! CNN recently reported that (something like) 60% of companies didn't pay taxes in 1999. How could this be? Hmm...maybe because our tax code is ten miles long. Tax everyone the same amount. "Mr. X, How much money did you make this year? Multiply that by .10. This is what you owe. How much money did you pay in taxes? Subtract that from what you owe. If the number is positive, you owe us that amount. If the number is negative, this is how much you overpaid." Man, think of the cost and environmental savings in government ink alone! We'd be able to use 2-stroke motors on our Whalers for a thousand more years by the savings in trees and ink. And it is fair. Unfortunately, I am currently disincentivized to succeed. You see, I'm teetering on the upper edge of my current tax bracket. My review is in two weeks, and I'm likely to be promoted, and put firmly into the new tax bracket. The problem, you see, is that this new tax bracket will actually make me take home LESS money for harder work, smarter programs and more thoughtful and creative ideas. I provide my clients with a better product, and the government penalizes me - limiting my entertainment budget. My rent went up this year. The Chicago Transit Authority raised the fare 15% for each ride. Gas is more expensive.

And I'm going to make less money.

Not because of a poor decision on my part, or because of a life-event or accident.

Nope. I, like many of you who have succeeded before me, am being penalized for being good at what I do. I'm being punished for hard work and initiative.

How sad is that?

I guarantee one thing. I'll be thinking about that when I pull the curtain on the voting booth in November.

Knot at Work posted 04-17-2004 09:27 AM ET (US)     Profile for Knot at Work  Send Email to Knot at Work     
I will be thinking about who will best defend my nation and allow my son the opportunity to grow up with out tyranny and without worry his children will be blown up by mindless and heartless thugs.

I agree money is important, taxes are ridiculous, but I wonder how many social programs have been cut while we have STILL in a midst of a global war on terror, been forced to maintain defense spending at pre 1992 levels?

Where is the money going? I will tell you, we are paying for the "procurement holiday" the Clinton Administration used to pay for his so called balance budget, yet, NOT once did we receive any tax cuts or any relief. Social Programs went bloated while the defense department suffered. Lets not forget certain voting records, to emasculate our intelligence capablities either.

I am voting for Bush. He IS a Commander in Chief.

AQUANUT posted 04-17-2004 10:16 AM ET (US)     Profile for AQUANUT  Send Email to AQUANUT     
HEAR! HEAR!

I am plaesed to see a thread I agree with 100%.
my vote is fro buck as president..and knot as the vice.


seriously tho..boil it down and ask your self this question.


if you were standing in your yard and the American hating arah extremist we headed your way to cause injury and suffering to your family and your home...would ya want bush with a m-14 or kerry with a white flag with a peace sign on it?

WT posted 04-17-2004 11:58 AM ET (US)     Profile for WT  Send Email to WT     
Where should I mount my machine guns on my Montauk?

WT

Legobusier posted 04-17-2004 01:58 PM ET (US)     Profile for Legobusier  Send Email to Legobusier     
Buckda wrote : "CNN recently reported that (something like) 60% of companies didn't pay taxes in 1999"

Don't believe everything you hear. As is always the case with the media Buckda, you must take this information with some skepticism. This is one of the problems with the media today and especially with the Communist News Network. They will make a statement like this and not offer any follow up information or clarity. As a casual reader/listener, you're assumption is these guys aren't paying taxes and you are instantly polarized to their point of view. It's simple, glossed-over propaganda meant to sway opinions and it's not really that cut and dry.

My company is a Corporation, an "S-Corporation" to be exact. Do we (the company) pay taxes? Depends on what taxes you're talking about. We pay our portion of FICA, Medicare, Social Security, and unemployment for our employees, so yes, we do pay taxes. Do we (the company) pay INCOME taxes? No & here's why. In an S-Corp, The Company has no real assets, therefore all end of the year income (remember you must have income to be taxed on it) flows down to the shareholders in percentages equal to their ownership. Those individual shareholders then are responsible for the taxes on that "income". So the TAXES ARE PAID, just not directly by the corporation. The really goofy thing is that this "income" could be just on paper - meaning the shareholders are responsible for the taxes on it, yet may not have actually received the income. It's certainly not what you WANT to happen, but it is entirely possible.

Just a point of clarity.

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