I mean, she lost $35 000 in 11 years, which is little shy of $3200 a year... you all understand that this is a product industry, and no matter how much you dislike the business structure, the products themselves are rarely second to none. The average Amway salesperson may make enough money to cover their expenditures and make $3200 per year in profit. That's not even include the money earned in tax refunds if they just keep half-assed financial records! My favourite thing about her is that she doesn't mention how much money she made selling products or from her tax return income from running a home-based business.... and if she didn't make her money back from sales volume or tax return income, I don't feel sorry for her... she was just being lazy, and I know how much you all enjoy hearing that!
Put aside for a time the prefabricated Amspeak blather and think about anything else. This is representative of the majority of the comments left on my blog by bots.
The focus of today's post is on the section of this comment where the ambot suggests receiving a tax return revenue as a result of operating your Amway company. I thought I'd rehash the entire "receive a tax refund if you're in Amway" thing, especially since tax season is quickly approaching. This is a promotion heavily touted by the Amway cult's leaders.
Our Amway upline provided us with this type of tax advise, stating that everything in Amway is a tax deductible, and as this ambot stated, Amway tax returns are included in IBO income. To put it another way, an IBO's only way to make money in Amway is to deduct the costs of running his or her business from the income they get from their regular job, with the only Amway income coming in the form of a tax refund. Our upline assured us that we would receive a substantial tax refund if we deducted all of our Amway expenses, whether they were genuine or not.
When I went to Amway meetings, I was in the Platinum level, and it seemed like everyone else in the room was gushing about how things couldn't be better and how their business was booming. Following that, these same IBOs claim they will receive a substantial return after submitting their income taxes.
My Ambot was completely captivated. He had no notion that, according to our upline, the key to earning a tax return was to become an Amway Independent Business Owner (IBO). The government is giving you money for nothing!
Refund? When your company is performing well, it's easy to have a good chuckle.
Ambots are unable to comprehend this concept.
If your firm generates an excessive amount of revenue (income) and you do not have an enough amount of deductions (expenses), you will owe money at tax time. Yay! Everything is going swimmingly!
Generally, if you do not earn much money and your costs exceed your income, the government will pay you a refund. Boo! Business is a load of shite!
To put it another way, it is nearly impossible for an IBO to claim that business is booming and that they are making a lot of money while simultaneously claiming that they are receiving a substantial tax rebate. Alternatively, tax return money from running an Amway firm, as ambots refer to it.
Most Amway IBOs, in addition to being fictitious business owners, hold down a day job with a legitimate corporation and earn regular paychecks. When tax time comes along, those sly Amway bastards deduct all of their Amway expenses (XS, Perfect Water, vitamins, food bars, motels, function tickets, meals, travel, and so on) from their job's revenue, so increasing their take-home pay.
That is the only way most Amway independent business owners (IBOs) make money. By classifying everything they spend on Amway as a business expense and deducting it from their salary, they can reduce their taxable income.
They are little ambot bastards who lie about everything! Tax evaders, take note!
Now here's a major hint, ambots! Unless you own a food store, products that you consume (groceries!) cannot be deducted as business expenditures in order to receive a tax refund from the government. If you're an Amway Independent Business Owner (IBO), and you're claiming travel and restaurant expenditures on your taxes, you better be able to demonstrate some sort of Amway income profit from the sale of Amway items. If Uncle Sam manages to track you down, you'll be up the creek without a paddle!
My husband and I are the owners of a reputable company. We have a tax identification number. We are in possession of a business licence. We are covered by insurance. We have accounting software that allows us to make customer invoices and record all cash received from clients as well as all monies paid out in the course of operating our company. We have valid company expenses that can be written off as tax deductions on our tax return. We back everything up on a CD and provide it to our accountant when it is time to file our taxes. This is due to the fact that we are wise enough to hire the services of a professional who checks that we have entered everything correctly and that we have not left any information out, and who also does everything in their power to ensure that they write off as many legitimate expenses as they possibly can so that we have less money to pay back to the government in what we owe in taxes.
Everything in Amway (XS, Perfect Water, vitamins, laundry soap, and cleaning goods, among other things) is a valid business deduction, which is a far cry from "counselling with upline."
Our accountant, by the record, was not in agreement with our Amway upline. He refused to deal with anything associated to Amway, stating that he only deals with reputable firms and not pyramid scams.
So much for the adage "never challenge your superiors"!
Preparing for an audit is essential if you are running a fictitious Amway business and following your upline's guidance on how to file your taxes so that you can earn your money in Amway by receiving a government tax refund check; otherwise, you could find yourself in serious trouble.
If nothing else, we were told when we visited Amway, that the company is a good tax haven. The taxman, on the other hand, might disagree. Another source of interest is provided below:
The Internal Revenue Service to Amway: The Party's Over!
http://www.hiddenmysteries.org/conspiracy/conspiracy/amwaybush5.shtml
IRS responses to questions about your business or hobby, as well as deductions. http://www.irs.gov/newsroom/article/0,,id=169490,00.html
Peter Reilly's blog post regarding Amway Independent Business Owners (IBOs) in tax court.
http://riles52.blogspot.com/2011/06/selling-soap-as-hobby-amway-ibos-in-tax.html
Peter Reilly has written yet another post regarding taxes and Amway. If you read the comments on this one, you'll find it to be rather interesting. In typical ambot fashion anytime posts like this surface on the Internet the Amway rats scramble out of the sewer to battle the truth by coming out swinging with false accusations in a bizzare attempt to create distractions away from the truth about Amway. Mr Reilly is accused of murdering his mother by the first ambot to submit a response to this thread!
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