this post was submitted on 16 Mar 2024

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Are the Boomers Okay? (lemmy.dbzer0.com)

submitted 7 months ago by [email protected] to c/[email protected]

29 comments fedilink hide all child comments

I genuinely did not expect them to respond to this:

This was so beyond ridiculous that I debated posting it. I wasn't sure if people would believe it or not.

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[–] [email protected] 54 points 7 months ago* (last edited 7 months ago) (2 children)

"I did without a paycheck for 7 years"

because you just didn't pay yourself and counted everything you paid into the business as a loss, so you just didn't have to pay taxes, you just had to pull out enough of your pre-tax income to pay your utilities

I made an LLC for my husband's hobby of repairing mowers that then became our sole income, and it has taught me a lot about how much these fuckers can claim against their income to diminish their tax obligations. The way the system is rigged against anyone who doesn't own a business - all of the poor fuckers deducting their expenses from their post-tax income - is ridiculous.

It was $100 to file for an LLC in Ohio. Idk how much it is in your state, but maybe you should consider it

[–] [email protected] 39 points 7 months ago (1 children)

we're very busy, and people keep asking when we will hire employees, and I keep telling them FUCKING NEVER

what, just because I lucked into having a home with a garage and some disposable income to throw at tools start this thing, then I should bring in some other poor fuckers with less opportunity and income and take advantage of them???

what the actual fuck is wrong with people

[–] [email protected] 15 points 7 months ago (1 children)

Okay, but when will you hire employees?

[–] [email protected] 18 points 7 months ago (2 children)

Fucking never?! If somebody desperately wanted to service tractors and mowers with us, we'd make them part owner.

I just can't see profiting off somebody else's labor?? I didn't earn the luck that enabled us to keep tools and parts when we had to abruptly move, shit just happens.

It just doesn't seem fair to tell somebody who can do the job just as well that they deserve less money for their time just because our chips fell differently. I genuinely don't understand how anybody is okay with that.

[–] [email protected] 12 points 7 months ago

loony lefty millennials refusing to create jobs, thus destroying the economy

smh joever

[–] [email protected] 12 points 7 months ago (1 children)

If you really needed help you could hire someone who’s willing to learn, pay them decently, then once you feel they’ve learned enough ask them if they’d like to be a partner. That seems fair to me personally since you’re giving them a free education.

[–] [email protected] 4 points 7 months ago (1 children)

And we’ve circled back to apprenticeships!

[–] [email protected] 4 points 7 months ago (1 children)

Sort of, this is pretty much how it’s done in the trades except for the becoming a partner part. That part is replaced by starting your own business and becoming a small business tyrant in our timeline.

[–] [email protected] 3 points 7 months ago

Yeah, I was thinking about euro cottage industry apprentices like ye old village blacksmith

[–] [email protected] 12 points 7 months ago (1 children)

You should see what landlords can deduct. They can basically go 10 years with artificial losses and never pay taxes on rental income

[–] [email protected] 8 points 7 months ago (1 children)

And then I bet they just make a new LLC to buy all the assets of the old one and reset the 10 year timer

[–] [email protected] 8 points 7 months ago

That’s what independent contractors do. They flush all income through it then deduct all car mileage and miscellaneous expenses through it and “pay” themselves a meager wage from that income. The LLC or S-corp shows paper losses and since it is a flow-through entity they get to deduct those losses on their personal income taxes

[–] [email protected] 38 points 7 months ago

Civil War Against the left

The "left" they're so scared of: biden-troll liberalism obama-drone

These dumb as bricks fascists deserve one thing: barbara-pit

[–] [email protected] 37 points 7 months ago (1 children)

did without a paycheck for seven years

a) this did not happen

b) even if it did he owns the company, he made this theoretical sacrifice for the equity not for the employees

[–] [email protected] 15 points 7 months ago (1 children)

Oh, it's totally made up. There's just no way that lines up with him going $100k in debt to save the business; the scales are all wrong and they don't line up. These are numbers pulled out of the ass of somebody LARPing as a businessperson, at best.

[–] [email protected] 6 points 7 months ago

The owner is personally in debt to save the company? Seems like commingling personal and business accounts is bad / maybe illegal

[–] [email protected] 33 points 7 months ago (2 children)

I did without a paycheck for seven years during the Great Recession so that all of my employees could keep their jobs.

r/ThatHappened

[–] [email protected] 14 points 7 months ago

It would be true in that he wasn't on the payroll but withdrew money from the company directly. Or at least something like that. Him saying that is probably also a cudgel he uses to rhetorically discipline his workers for not raising their pay. Then when they don't know how to respond he reads it as their reverence for him.

[–] [email protected] 12 points 7 months ago

Even if it did, it's just bragging he had so much wealth that being unemployed for 7 years made no difference to his quality of life.

[–] [email protected] 23 points 7 months ago (1 children)

they were literally never okay

[–] [email protected] 21 points 7 months ago

Capitalist propaganda and lead paint, never again.

[–] [email protected] 16 points 7 months ago

"I'm slightly right of Attila the Hun"

Guys, we found a vampire! Gettem!

[–] [email protected] 14 points 7 months ago* (last edited 7 months ago) (2 children)

I can't see the image in the body? Even when I go to lemmy.ml or lemmy.dbzer0

[–] [email protected] 23 points 7 months ago

[–] [email protected] 2 points 7 months ago

If you hit the fediverse "show context" button below the post it should load properly.

[–] [email protected] 12 points 7 months ago

Post link

[–] [email protected] 12 points 7 months ago

Most progressive petty bourgeois

[–] [email protected] 7 points 7 months ago* (last edited 7 months ago)

At Langley, sometimes I'll ride around in someone's car whose father was a veteran. Whenever we're around asshole drivers or cops, I'll cynically go, "what? I'm a veteran CIA agent! You wouldn't do this to a veteran would you?!" And it gets a laugh out of him.

It simply takes a weirdo to want to tend to a lot of employees. Even given the project is noble and useful, making payroll is a responsibility and it weighs heavily. You're not going into personal debt when you take a payroll loan, by the way. You're not fucking your own life up with risk. Remember, their worst fear is losing their capital and having to work like you. Whether you fire everyone and stop being in business or everyone has to leave because you have to do bankruptcy and the business gets dissolved is an inconsequential difference (bankruptcy might be a giga loss that means you don't pay taxes for a decade or something).

Beyond that they just hate liberals and I mean heartbreaking . Ask them about spearheading union organization to make sure their employees get as much as they possibly can via collective bargaining.

[–] [email protected] 6 points 7 months ago* (last edited 7 months ago)

I'm slightly to the right of Attila the Hun

I hate that I know this but is this motherfucker identifying with the military coup portrayed in the fucking movie version of Evita? This is a line from that unless I'm mistaken. Just, an unbelievable level of cringe

EDIT: I was fucking right though it might also be from the original musical