I failed at Lease Purchase.

Discussion in 'Schneider' started by rickybobby, Apr 25, 2017.

Thread Status:
Not open for further replies.
  1. KillingTime

    KillingTime Road Train Member

    3,865
    61,857
    Mar 26, 2016
    Rockland, Maine
    0
    Then you need to revive VH1 so i can go 'Behind The Music'. Do it to it, PJ!
     
    Asphalt Anarchy and VIDEODROME Thank this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. pattyj

    pattyj Road Train Member

    22,474
    20,081
    Jul 19, 2008
    Sioux City,ia
    0
    What the heck are you talking about you think I'm smart or what?
     
    KillingTime Thanks this.
  4. KillingTime

    KillingTime Road Train Member

    3,865
    61,857
    Mar 26, 2016
    Rockland, Maine
    0
    Best laugh I've had today. Thank you!
     
    pattyj Thanks this.
  5. Bakerman

    Bakerman Road Train Member

    4,590
    8,495
    Jan 27, 2013
    Phoenix, AZ
    0
    The very first thing I learned when I started my co. 20 yrs ago, pay yourself a salary and make sure taxes are payed first.
     
  6. Scott72

    Scott72 Road Train Member

    2,747
    1,753
    Apr 7, 2013
    0
    I've been in business for 3 years now and have never paid estimated taxes. You can elect to pay them all at once for a small penalty. My penalty for 2015 was 178 bucks. No penalty this year because I got a refund. The caveat here is you #### well better be disciplined with your money or you'll really put yourself in a jam when it does come time to pay.
     
    Mortarmaggot Thanks this.
  7. rickybobby

    rickybobby Road Train Member

    4,843
    6,669
    Jul 10, 2010
    greensboro, nc
    0
    Yes discipline is the key. I pay myself a grand every week. Everything else goes back into business.
     
    FireLotus Thanks this.
  8. stevep1977

    stevep1977 Road Train Member

    3,628
    15,842
    Dec 23, 2010
    Chicago, IL
    0
    How can you not pay your estimated taxes? Doesn't even make any sense. Plus he has a wife at home to help manage that sort of thing. All my money went into one big pot when I did it. Of course I didn't have any major expenses (cleared out all my debt before I did the l/p) and also don't have a wife at home that's raiding the bank account. But still you know going into it that at least 25-30% of your net gross goes to taxes. Bottom line is if you're irresponsible and don't plan accordingly these sort of things happen.
     
    Last edited: Apr 25, 2017
  9. stevep1977

    stevep1977 Road Train Member

    3,628
    15,842
    Dec 23, 2010
    Chicago, IL
    0
    If you never paid estimated taxes how could you get a refund? Lol
     
  10. Steel Tiger

    Steel Tiger Road Train Member

    2,666
    3,215
    Jun 6, 2012
    Orlando, FL
    0
    It's possible to fall into a bracket where you get EIC money. That, and a tax credit for Obama care
     
    Home_on_wheels Thanks this.
  11. DoubleO7

    DoubleO7 Road Train Member

    1,519
    1,545
    Aug 21, 2015
    Southern Illinois
    0
    I bet his lease purchase was successful for Schneider.
     
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  • Thread Status:
    Not open for further replies.