Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (19958)	8/19/2024 2:08:35 PM
From: Augustus Gloop	1 Recommendation Recommended By Kirk © Read Replies (2) \| Respond to of 26451

<< I guess your dealerships will offer minimum wages to your workers then as part of the complex paperwork they have buyers sign to get a favorable loan, they will agree 20% of the price they are paying is a TIP to the workers at the dealership that helped them select the car. It is far more work than taking a food order, delivering it to the table and asking if you need more water or tea. The dealerships will save their share of taxes by not having that TIP count as revenue and thus lower their income and requirements to pay Payroll Taxes on it.>> I think we just had a Vulcan mind meld.... "My mind to your mind - your thoughts to my thoughts...our minds are becoming one"

To: Kirk © who wrote (19958)	8/19/2024 9:37:52 PM
From: robert b furman	1 Recommendation Recommended By sixty2nds Read Replies (1) \| Respond to of 26451

Hi Kirk, No way in hell our store would consider that. The one thing most people never understand about those who have true wealth is, they pay their fair share. Most, certainly not all, have professional help who know and understand the tax code, bitch a bit as they write the check, but DO NOT WANT the trouble of a tax code review/ audit. They are more than overwhelmed running an money making business, and do that with a passion. If they let greed enter the formula, they were fools, ignorant or GREEDY! The latter of which is a failure, and counter productive to the business they've invested their lives into. IMHO the 80 billion for IRS auditors is squarely focused on wage earners who do side jobs and spend far more living life than they do reporting revenue on their 1099. Most successful small business owners (of which I have been one in my working years) pay their fair share, bitch about - you bet, but cheat about it not a chance. That's all I've got to say about that. I do believe it to be true. Bob