Anyone here post a higher income this year AFTER taxation, than before?

[blumpkin blownuts]

I didn't, but now that corporations are people, I did find a list of 28 different persons who actually sucked more money out of the IRS than they paid, due to all the incentives for our Nobility caste:

Pepco Holdings
General Electric
PG&E
Wisconsin Energy
NiSource
Paccar
Integrys Energy Group
CenterPoint Energy
Atmos Energy
Tenet Healthcare
American Electric Power
Boeing
Ryder System
Con-way
Verizon Communications
Duke Energy
Interpublic Group
NextEra Energy
CMS Energy
Navistar International
Consolidated Edison
Mattel
El Paso
Baxter International
Apache
Corning
DTE Energy
Honeywell International
Wells Fargo
DuPont

source
http://www.ctj.org/pdf/notax2012.pdf

So many energy companies, why do they whine about being stepped all over by the Fed and blame the Fed for $4-5/gal gas prices when the Fed gives them free money instead of levying taxes? Then again, we pay about 1/3 at the pump as almost every other 1st-world country, despite the claim that petrolueum prices are supposedly fixed by OPEC.

It's a brain-buster to me. Anyone wanna take a crack at this?

[maks]

Judging from our last discussion about GE, your source is probably talking out of his ass. I'm not really interested in googling all 20 companies on that list or reading your pdf though.

[Gentleman Doli]

Get on stevia my nigga

[stalker virus]

i'mma take a crack at your head if you keep postin this jive shit :hogan:

[Gentleman Doli]

Self-Employed individuals and owner-only (and the owner’s spouse) businesses and partnerships can save more for retirement through a 401(k) plan. Fidelity's Self-Employed 401(k) allows you to take advantage of this increased retirement and tax savings opportunity with a full range of investment options.


Tax benefits Tax-deferred growth, tax-deductible contributions, and pre-tax deferral contributions
Fees No set-up or annual account fee
IRS maximum contribution
Salary deferrals up to $16,500 for 2011 and $17,000 for 2012. See how much you may be able to contribute to your plan with our self-employed contribution calculator.
Catch-up contribution Salary deferrals up to $5,500 for 2011 and 2012 (if age 50+)1
Profit sharing contribution Up to 25% of compensation2, up to the annual maximum of $49,000 for the 2011 and $50,000 for 2012 plan years
Establishment deadline The deadline to open a new plan is December 31 (or fiscal year-end)
Administrative responsibilities Annual Form 5500 filing after plan assets exceed $250,000
Withdrawals Minimum required distributions starting at age 70½. 10% early withdrawal penalty if under age 59½ and no exceptions apply.
View important contribution information

ShowAdopt a Self-Employed 401(k)
ShowEstablish Accounts
ShowContribute to a Self-Employed 401(k) (with deadlines)
ShowChange (roll over) to a Self-Employed 401(k)
ShowMaintain Your Fidelity Retirement Plan

Tax Advantages of Self-Employed 401(k)s

A Self-Employed 401(k) may substantially reduce your current income taxes because generally, you can deduct the entire amount of your plan contributions from your taxable income each year.

If your business is unincorporated, you can deduct contributions for yourself from your personal income
If your business is incorporated, you can generally deduct contributions as a business expense.

The hypothetical example below is used for illustrative purposes only, and shows just how significantly a retirement plan may reduce your taxes for the 2012 tax year.
No Plan Self-Employed 401(k)
Net Business Profits $100,000 $100,000
Less Deduction for 1/2 Self-Employment Tax -7,065 -7,065
Less Max. Contribution (25% of earned income)2 -0 -18,587
Less Salary Deferral -0 -17,000
= Taxable Income = $92,935 = $57,348
Taxes Due5 $19,937 $11,256
Taxes Saved $0 $8,681
View important contribution information
How a Self-Employed 401(k) contribution can add up

As you can see from the example below, a self-employed business owner who is age 50 with $100,000 in compensation may save up to $20,500 more with a Self-Employed 401(k) than with a SEP-IRA or Profit Sharing Plan.
2012 Example SEP-IRA Self-Employed 401(k)
Employer's Tax Deductible Contribution Up to 25%2 of compensation (not to exceed $50,000) $18,587 $18,587
(25% x $74,348)
Employee's Deferral Option (not to exceed $17,000) Not applicable $17,000
Employee's Catch-Up Deferral Option if age 50 or older (not to exceed $5,500) Not applicable $5,500
Final Total Contribution $18,587 $39,587
View important contribution information

Note: Fidelity also offers a Profit Sharing Plan which lets you contribute the same amount as a SEP-IRA. A Profit Sharing Plan may be better suited for your needs if you have multiple employees and want more restrictive eligibility requirements to participate in the plan. Please contact a Fidelity Retirement Representative at 800-544-5373 for further information.
The benefits of a Fidelity Retirement Plan
Investment choices

Access investment options including Fidelity and non-Fidelity funds, stocks, bonds/treasuries, CDs, annuities, and ETFs.
Great value

Our low-cost retirement solutions and free online planning tools help you keep more of your money working for you.

Exceptional service

A team of knowledgeable professionals help you select the plan that may be right for you and work with you to maintain the plan.
One-on-one guidance7

Work with one of our professionals, at no cost, to help create a retirement investment strategy that’s right for you.

[Gentleman Doli]

:grin:

................................................................... :grin:

........................................................................................ :grin::grin::grin:

[stalker virus]

:barryscream:

[Gentleman Doli]

look, i know ytmnsfw likes to fuck around but some of us are actually pretty smart despite the "hurr tims hole" shit. So lets talk retirement planning.

[maks]

Lets all bitch about a country where even the poor have opportunities and a quality of life that are unprecedented in human history. lets take to the streets and tear that nation down because it's not fair because "big companies somehow". lets all turn away from our daughters so they cannot see the pain on our faces.

[jon]

if you live in new england you probably pay more to the federal government but get more back from the state on the balance

if you live in the south like me you probably get more from the federal government since we're basically all on welfare down here

[jon]

i said new england and not the northeast because new yorkers pretty much get fucked twice, without fail

[jon]

http://i51.tinypic.com/2m7yzp4.gif

[maks]

brb ddosing mastercard.com because they have the fucking nerve to charge fees to use their service, then I'm going to hit up pirate bay and download v for vendetta and watch it on my ipad and jerk off until my cock bleeds. We are the 99%.

[lnopia the great]

the only reason immigration even exists is to create a everflowing market of poor people to work shitty jobs and make rich people rich

[maks]

the only reason immigration even exists is to create a everflowing market of poor people to work shitty jobs and make rich people rich

If it wasn't immigrants it would be the young. There's always going to be someone trying to work their way up, or too stupid to ever make more than minimum wage. Except for the 99%, of course, their parents sent them to college for 4 whole years they're clearly entitled to something better than subway or burger king.

[Gentleman Doli]

http://avidinvestorgroup.com/wp-content/uploads/2012/03/401k1.jpg

[maks]

general doli is one of those faux news watching ignorant racist fundie gay bashing bush voting 1%ers

[syncan aka ken post jr]

the corporation that i am the major stakeholder in in fact did post a higher income after taxes

you can look it up if you want

it's nigger death holdings llc

[rubycalaber]

there are investments in some chinese company that uses child slave labor in my name, so everytime a little gook gets worked to death I get a pound