MOTM

Just did 1st pass tax run-through of the biznes for 2001:

Sales - Expenses - salaries = $0.

Spent ~$157,000 on parts, ~$5300 on the PHONE BILL (includes ISDN service and web hosting).
Haven't done postage yet, but guessing about $6,000.

My personal pre-tax salary (what the corp. pays me as an employee) was $39,330. After tax profit
was right at $7.25 an HOUR!!!

So, as you can see this is not exactly a "get rich quick" scheme I'm running here :)

Paul S.
hoping for a refund!

2001 Contract income - Expenses - Stock losses - $MOTM < $0.

George
hoping for my next contract!  :)

> Just did 1st pass tax run-through of the biznes for 2001:
>
> Sales - Expenses - salaries = $0.
>
> Spent ~$157,000 on parts, ~$5300 on the PHONE BILL (includes ISDN service
and web hosting).
> Haven't done postage yet, but guessing about $6,000.
>
> My personal pre-tax salary (what the corp. pays me as an employee) was
$39,330. After tax profit
> was right at $7.25 an HOUR!!!
>
> So, as you can see this is not exactly a "get rich quick" scheme I'm
running here :)

>
> Paul S.
> hoping for a refund!

McDonalds is hiring for $8 an hour right down the street .
<snicker>  But, you LOVE what you do. That has to make
it all worth while. :)
Larry H

----- Original Message -----
From: Paul Schreiber <synth1@...>
To: MOTM listserv <motm@yahoogroups.com>
Sent: Sunday, February 24, 2002 11:10 AM
Subject: [motm] Taxes!


Just did 1st pass tax run-through of the biznes for 2001:

Sales - Expenses - salaries = $0.

Spent ~$157,000 on parts, ~$5300 on the PHONE BILL (includes ISDN service
and web hosting).
Haven't done postage yet, but guessing about $6,000.

My personal pre-tax salary (what the corp. pays me as an employee) was
$39,330. After tax profit
was right at $7.25 an HOUR!!!

So, as you can see this is not exactly a "get rich quick" scheme I'm running
here :)

Paul S.
hoping for a refund!







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--
___________________
John Blacet
Blacet Research
http://www.blacet.com