whadja do today?

[treevet]

I have a 04 2500HD 4x4 with a 6.0 with 235000.

booooh yahhhhh

 

[treevet]

I don't want a new truck, I like my truck.

View attachment 191546

drop dead gorgeous

http://www.youtube.com/watch?v=yQg0ET8amtE

 

[the Aerialist]

It's all part of managing a business ~ If you make money you have to spend money ...

And the eight wheel kit is supposed to do what? Oh right, added stability for toting that one moldy 12" log around the yard in the Steiner's tin "slip scoop"... <nasty comment redacted> ... I would have just gotten one of those motorized wheelbarrows (those are pretty cool actually), and saved a ton of dough... but hey, whatever.

The primary purpose of the eight wheel kit is to make the tractor have a really bad ass look to it. It's won't be mistaken for a John Deere or anything like it. It is a great motorized wheelbarrow too!

The biggest near term benefit is that I've been making too much money this year. so I needed a couple of significant tax write offs before the end of the year. The Steiner and the Colorado will help out quite a bit in that respect. if this keeps up I may have to buy something real expensive in December. I liked that stumper upstream in this thread, or maybe a new chipper or something. Any sugestions?

 

[jefflovstrom]

The primary purpose of the eight wheel kit is to make the tractor have a really bad ass look to it. It's won't be mistaken for a John Deere or anything like it. It is a great motorized wheelbarrow too!

The biggest near term benefit is that I've been making too much money this year. so I needed a couple of significant tax write offs before the end of the year. The Steiner and the Colorado will help out quite a bit in that respect. if this keeps up I may have to buy something real expensive in December. I liked that stumper upstream in this thread, or maybe a new chipper or something. Any sugestions?

Ya know those Monster Truck shows?. Do they have ----well, you know.

 

[Arbor Vision]

I have a 2000 psd f250 4x4 (7.3diesel) with 226000 miles and gets 22 to 25 mpg on highway not towing and roughly 18 to 19 mpg pulling skid loader or chipper.
In town driving empty gets 19 to 20 and towing is around 15 to 16 mpg. Haven't put any money into break downs but have spent roughly 3500.00 in mode to get those kind of mpg. And the truck can pull more than what is legal without hesitation.

 

[Garden Of Eden]

The primary purpose of the eight wheel kit is to make the tractor have a really bad ass look to it. It's won't be mistaken for a John Deere or anything like it. It is a great motorized wheelbarrow too!

The biggest near term benefit is that I've been making too much money this year. so I needed a couple of significant tax write offs before the end of the year. The Steiner and the Colorado will help out quite a bit in that respect. if this keeps up I may have to buy something real expensive in December. I liked that stumper upstream in this thread, or maybe a new chipper or something. Any sugestions?

That doesn't even make sense. You spent money so you could pay sales tax, and avoid income tax on the business? You need a new tax person if that's what they're advising you to do. There are a ton of other ways to avoid taxes that are more lucrative for you, the owner.

You should have read more economics books, instead of tom clancy. Just sayin...

 

[the Aerialist]

I think I know ...

Ya know those Monster Truck shows?. Do they have ----well, you know.

I don't think the Monster Trucks have articulated drive, but they do have four wheel steering. Or do you mean dual dualies?

This would make a pretty mean monster truck:

Think that would be legal? Are there rules?

 

[Arbor Vision]

"You should have read more economics books, instead of tom clancy. Just sayin..."


I don't care who you are....but that there is funny....

 

[the Aerialist]

I'm not trying to avoid taxes ...

That doesn't even make sense. You spent money so you could pay sales tax, and avoid income tax on the business? You need a new tax person if that's what they're advising you to do. There are a ton of other ways to avoid taxes that are more lucrative for you, the owner.

You should have read more economics books, instead of tom clancy. Just sayin...

It's a total write off as is the trailer and the company truck that pulls it. My goal is to buy a beater helicopter in a few years and get back in the air... more fun than a crane!

 

[Garden Of Eden]

It's a total write off as is the trailer and the company truck that pulls it. My goal is to buy a beater helicopter in a few years and get back in the air... more fun than a crane!

Can you not double talk, and just be straight. Say you didn't know there was a better way. It takes a real man to admit he was wrong. In the post I quoted, you stated you needed tax write offs. The purpose of tax write offs, is to avoid paying taxes. Then, you say you're not trying to avoid taxes. Tax avoidance is kosher with the IRS. Tax evasion, however, will get you arrested eventually. Every good business owner tries to avoid paying taxes as best they can.

What the heck does a helicopter have to do with any of this? You're starting to sound slightly like FTA's long lost cousin or something.

Try and explain how 100% of the truck and trailer are write offs. You should depreciate them. Would make more sense. You should probably find a decent tax person, and spend some of your millions on advice. Or hell, you could just impress him/her with one of your stories. Might get some free advice.

 

[the Aerialist]

I get free advice all the time ...

... What the heck does a helicopter have to do with any of this? You're starting to sound slightly like FTA's long lost cousin or something...

Now you sound like my accountant. I have people who know what they are doing handle those things. I just make money. I pay taxes on the profits from my business. The profits are reduced by my expenditures, So I spend money to make money. When I start making way more money than I'm spending it's time to spend more money. Sooner (I hope) or later I'm going to have to spend a lot of money to keep up with the money I make. A good used helicopter would be a good way.

I've bought two airplanes that way and it worked out pretty well, why not a helicopter for tree work? I know a guy who bought a ski boat for his fish farm ~ aerate the water for the fish.

When my AAPL hits $600 a share I'll sell it and get the helicopter, see I have a plan... What's yours? And who the heck is FTA? The Dan mentioned FTA and I had no clue what or who he was talking about.

 

[ropensaddle]

Well not much today i went and moved equipment and turned in a bid, my largest so far on one tree. Likey in you guys area it would be 15k, anyway its bid for 5600 should hear from her this week. I will take picks if we do it, going to rent a skytrack i think. Its a virgin oak struck by lightning 7 foot diameter backyard lol! It stays thick 40 foot!

 

[Slvrmple72]

Sounds like fun Rope! Stay safe and take all this heat coming up my way back! I think I sweated my weight in water today. Pretty bad when you could _iss in your jeans and not really tell any difference. Stupid finger still hurts from that dam Corona, good thing it wasnt a Silky, Ida been in surgery getting it reattached!

 

[the Aerialist]

I don't drink beer very often ~ but when I do it's Corona ...

Sounds like fun Rope! Stay safe and take all this heat coming up my way back! I think I sweated my weight in water today. Pretty bad when you could _iss in your jeans and not really tell any difference. Stupid finger still hurts from that dam Corona, good thing it wasnt a Silky, Ida been in surgery getting it reattached!

Ole Dirty takes a dump in his pants and nobody knows the difference ~ he smells the same ...

 

[treeman75]

Heres mine ext cab long bed.View attachment 191599

 

[ropensaddle]

Heres mine ext cab long bed.View attachment 191599

Hmmmmm i like that picture for some reason il think about it and get back to ya lol

 

[Garden Of Eden]

Now you sound like my accountant. I have people who know what they are doing handle those things. I just make money. I pay taxes on the profits from my business. The profits are reduced by my expenditures, So I spend money to make money. When I start making way more money than I'm spending it's time to spend more money. Sooner (I hope) or later I'm going to have to spend a lot of money to keep up with the money I make. A good used helicopter would be a good way.

I've bought two airplanes that way and it worked out pretty well, why not a helicopter for tree work? I know a guy who bought a ski boat for his fish farm ~ aerate the water for the fish.

When my AAPL hits $600 a share I'll sell it and get the helicopter, see I have a plan... What's yours? And who the heck is FTA? The Dan mentioned FTA and I had no clue what or who he was talking about.

Ok, I know you're older, so I'll go as slow as I can. I got a Dr. appt in a bit, so I'm not gonna be here forever explaining this. The math is REAL simple.

First, lets say you make 100k this year, and are responsible for 40k in taxes. If you spent 40k throughout the year on legit expenses for the business, you're golden, you walk not paying a dime more. However, if you only spent 25k, you still need to come up with 15k for the taxes. It's a much better idea to come up with expenses such as mileage, food, etc. that you've already spent, than to actually spend more money. That way, you pay your taxes, yet you actually save the cash. Then, do the same next year. Now we're up to 30k. If you keep track, I can almost guarantee you spend more each year than you need to pay in taxes, without the buying of trucks and trailers trying to "create" write-offs. The system is set up very nicely for you to make a ton of cash, pay minimal taxes on it, and save bundles. Find someone who actually knows what they're doing. My state is 17th highest in business income tax rates, you're taxes are lower than mine. It should be much easier for you to avoid as much as they request.

You want to buy a helicopter, buy used vehicles write off the mileage, save the difference, and whammy, in a couple years, you'll have your clunker.

As far as my plan, I lucked out. I plan on banking as much cash as I can for the next 6-7 years, then I'm out. My wife will be set, and my income will be replaced. That's my plan, get 12x my income, so my wife can sit on it, make her money and be comfortable.

Jeff

 

[Jumper]

Up early, job interview at KalTire at 0800 hrs.

 

[treeclimber101]

The primary purpose of the eight wheel kit is to make the tractor have a really bad ass look to it. It's won't be mistaken for a John Deere or anything like it. It is a great motorized wheelbarrow too!

The biggest near term benefit is that I've been making too much money this year. so I needed a couple of significant tax write offs before the end of the year. The Steiner and the Colorado will help out quite a bit in that respect. if this keeps up I may have to buy something real expensive in December. I liked that stumper upstream in this thread, or maybe a new chipper or something. Any sugestions?

A dictionary.........

 

[tree md]

Been trying to get out of town all week. I've been stuck waiting on checks. Now I have to go look at a job I hope to be able to do this weekend. It's either do it before I go or let someone else have it. Still waiting on a check for a grand from an insurance company. I'll have to get that one when I come back. I'm hitting the road for Atlanta Monday come hell or high water...