I believe his formal words were, "Im like a nun, I don't give a f.." I heard he just moved to the "White Men Can't Jump" filming location. Not paying taxes for a long time is like challenging a midget to a fist fight... You may be taller, but you'll get knocked in the nutts sooner or later. _J
They are famous for their love of Bridge. http://www.thestreet.com/story/10404597/1/buffett-and-gates-play-bridge--do-you.html
That looks like a gin-rummy hand to me,,,and honeymoon bridge ain't that much fun,,,and those two guys just don't do ''not much fun'',for long,and in this pic they're ''feet up/shoes off/belt loose'',,,and when fly'n at's fun,,, WB is known for Bridge mastery...maybe has mucho ''Masters''points. Gates is learning,from WB,from what I read which could be erroneous
"THE MAN"? Those ones trying to get into your wallet are Democrats and Liberals. The people that don't see a difference between the guy making 150k a year and Bill Gates. To their mind they're both RICH and need to be taxed heavily.
"Trying to deduct any sort of exotic car is asking for an audit" Contrare, deducting anything that is not a legitimate expense is asking for an audit, exotic cars, airplanes, yachts, etc. can all be legit expenses and deductions if your business and or corp is structured as such....
Poor-person-in-Congo-region-starving-to-death: " Typical-Car-owner-eating-McD's-while-driving: " Guess everything is relative, and perspective has it's own value system.
I just saw these two from the fast food frontier: Arby's wants to buy Wendys for some multiple billions; more than Tata gave for Jaguar. Mars bars wants to buy Wrigleys gum for --- 23.x BILLION DOLLARS. Sometimes I think that it is the people selling poor people colas, saturated fats, and processed sugar that are the real overfiends of the universe...
A long time ago someone pointed out to me that the average Toyota is more expensive than the average Rolls-Royce. When calculated as a percent of the owner's net worth and cash flow. Additionally can you say that the man with 1 million bucks but who can never bring himself to spend a dime of it is richer than the guy who enjoys whatever modest amount he can muster to the fullest?
I think it would work if you drive the car for business and the business is located in your home. Even business owners cannot deduct commuting expenses. Of course, if the business is in your home, there is no commute and all business trips in the car qualify.
Is there not still that "business viability rule" where you must show a profit for a certain number of years out of five years or so to deduct from a "hobby" or "secondary" business?
That is partly correct you need to have growing revenues or a company that they believe is a legi business. If I remember correctly Amazon.com lost money for almost 10 years before turniong a profit. Gross revenue of under 10K with expenses of 15K a year will get you in trouble, just ask a friend of mine.