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jen 11:12 AM 12-02-2009
Originally Posted by mac60:
Yea, I know there are tax write offs, I have been doing this for over 10 years. My point was that my day does not end at 5:15 when the kids leave. I/We pay expenses that I am sure the parents don't even think about. Yea, I may get to write off food at the end of the year, but I still have to buy it throughout the year. So while the deductions at the end of the year are nice, I still have to pay my utility bill, buy groceries, pay the insurance premium, put gas in my car to go buy the groceries.

And my accountant has told me, you never want to have a consistent loss, that raises lots of red flags.
Here is one way of looking at it...

Most people go to work, earn a paycheck, pay taxes, and use whats left to pay bills.

We go to work, earn our pay, pay our bills, and then get taxed on whats left! How great is that?! Keeps the taxes down and my child support up..and drives my ex-husband batty! Ya gotta love it!
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