04/20 - Turn Up That Productivity Tuesday

Man, for the past two days my laptop has been sounding like a leprechaun was trying to kick it's way out of my hard drive. I spent hours looking up solutions, three hours chatting with tech support, and I finally made an appointment to have someone look at it... now it's completely silent. I've been opening up windows like a mad woman trying to get the problem to repeat itself.

 

Did you guys know that if you file with schedule SE instead of schedule C then you don't have to pay taxes on a bunch of your money

 

because you pay yourself with dividends, which is a fancy way of saying tax-free money. Unless I am missing something.

 

No, but I've heard that you can save 15% by switching to Geico.

 

I believe you though

 

I'm going to try like 25%-50% of money paid to me in dividends for 2021. It has to be a reasonable salary amount. I have no idea what that means but 25%-50% sounds like a reasonable salary for something. @SamAnt

 

Don't you need an LLC for that?

 

yeah and I got 1. it was easy. it did cost some money, I think it was like $50. I haven't used mine for anything yet, I'm pretty sure you don't have to use it.

 

You have to make sure it's the right kind of LLC too. I forgot what exactly that means but it was some box I checked or an extra paper or something.

 

Nik Bonaddio [AXN46L1KMVHPI] Answer a survey about quiz topics - $1.00 | PANDA

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@AlexZ if I can figure it out the rest of the way between having two jobs right now, I will tell you how.

 

Oh that's super sweet of you, but I have a tax guy that does my taxes because they're a bit complicated, so I'm sure he knows all that stuff and uses it if it's appropriate. But you can post it for others if you figure it out.

 

Well I have been angry about taxes all day, but now I'm a bit less ragey about it and going to sleep. I hope you guys have a good night.

 

I had a Barbie Dreamhouse when I was a kid. I loved it, and my cat did, too. He was a part-time resident there. He seemed to like sleeping on the kitchen floor of it, right next to that cute little refrigerator. I kept waiting for Barbie to evict him, but she seemed pretty tolerant of the whole situation.