From: Larry Tighe (larryradio@worldnet.att.net)
Date: Fri Mar 18 2005 - 08:11:11 PST
IRS! Here we come :>) We is all gonna be in d' jail house!
lar
www.antiquetelephone.com
> Hey, it's only money right?
>
> If you think that us MV vehicle owners have it rough, just think about
> the guy who bought a 42 foot gas powered boat to run it in the ocean or
> great lakes. A lot of those hogs get less than 1 mpg.
>
> I know a guy who has a 36 footer with dual big blocks and he can get 1
> 1/2 to 2 if he doesn't run it too hard. I asked him how can he do that?
> He said he budgets in 2-3000 per year for gas (this was a couple of
> years ago - meaning $4-6000 now!) But the guy had some money.
>
> Another way to go with this stuff is to do something like setup a
> corporation or probably better yet an LLC and make your trucks assets.
> Do some hauling on the side - not all of the vehicles have to be used -
> (probably have to get a CDL) and make some money. All vehicle expenses
> come right off the top of the income pile. So if you make $4000 and you
> have $4000 worth of expenses, you pay virtually zero in tax. That way
> you can write off that 5 ton jack you wanted, all of the oil and
> filters, paint and etc and your personal bank account doesn't go down
> the tubes when gas hits $3.50/gallon.
>
> The rock suppliers around me are getting $80 to deliver 20 tons of rock
> 15 miles from the quarry. I recently paid a guy $600 cash to deliver a
> gooseneck trailer that was 350 miles away.
>
> If you have setup a company before, then you know that you can do it for
> about $500 or less. There is paperwork involved, but if you can make
> some money to offset expenses, what the hey.
>
> No matter how high gas prices go, people are still going to pay to have
> things moved.
>
> A couple of years ago, it was $40 to deliver 40 tons of rock 15 miles.
>
> I'm surprised that Bjorn isn't incorporated --- but then again, perhaps
> he is?
>
> Dave
This archive was generated by hypermail 2.1.4 : Sat May 07 2005 - 20:41:24 PDT