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The Water Cooler
General Discussion
Roofing company in Tulsa area, not looking for a rip off artist
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<blockquote data-quote="Matratliff" data-source="post: 4362191" data-attributes="member: 48729"><p>Those 100k trucks roofers are driving, typically are to offset tax debt. The money is being spent regardless. A friend is going through this now with his new start up in Florida. His accountant said, at $2M a month profit he would owe approx 800k in taxes. That 800k is leaving no matter what. He told him they would spend that money on higher end vehicles, flights, etc because it’s going out the door regardless. I thought it was interesting to know and those obnoxious trucks made more sense to me if that was the case.</p></blockquote><p></p>
[QUOTE="Matratliff, post: 4362191, member: 48729"] Those 100k trucks roofers are driving, typically are to offset tax debt. The money is being spent regardless. A friend is going through this now with his new start up in Florida. His accountant said, at $2M a month profit he would owe approx 800k in taxes. That 800k is leaving no matter what. He told him they would spend that money on higher end vehicles, flights, etc because it’s going out the door regardless. I thought it was interesting to know and those obnoxious trucks made more sense to me if that was the case. [/QUOTE]
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The Water Cooler
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Roofing company in Tulsa area, not looking for a rip off artist
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