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Friday, September 10, 2021

Worst Tax Shelter? Amway, Horses, or Drag Cars?

 At Amway cult meetings, our sack of sh*t Platinum - and other cult leaders - always claimed that, if nothing else, Amway is an excellent tax shelter because you can deduct everything associated with the company. That is how the majority of ambots get their money from Amway, which is in the form of a tax return, by deducting their Amway expenses from their regular employment income. Lucky for us, our accountant declined to include Amway on our tax return, claiming that she only deals with real businesses and not pyramid schemes. When it comes to tax deductions, you don't want to be playing games with the system. In the event that you leave yourself wide open for an audit and you include all of the Amway groceries and cleaning supplies, as well as tickets to Amway functions and the associated expenses of getting there, you may find yourself liable for the money you defrauded Uncle Sam of, as well as fines and possible jail time. If their clients are being scrutinised, a skilled accountant will alert them to the fact that they are being investigated. In order to save money, ambots have been brainwashed into believing that hiring professionals such as accountants is a waste of money. A sum of money that could have been better spent on Amway products and tools. Instead, consult with your "upline" for tax guidance and to determine which expenses can be deducted from your income.

Yes, fools are receiving counsel from other fools.

It's quite frightening. And there were plenty of ambots in our WWDB line who followed this erroneous advise.

Listed below is an excerpt from a recent post by Peter Reilly on the Forbes blogs, in which he asserts once more that Amway (fake business) owners don't fare well in tax court when the IRS audits them for the false business costs they report. And what else would you expect from bogus business owners who profess to be powerful figures in the Amway organisation? However, the most of the blog is devoted to a horse breeder, which appears to be an industry that the IRS audits as frequently as Amway independent business owners (IBOs), with the exception that breeders appear to fare better than IBOs!

http://www.forbes.com/sites/peterjreilly/2012/04/22/drag-racing-and-horse-breeding-in-the-same-case-at-least-they-didnt-try-amway/

A few dumb asses ambots usually pop up when Peter publishes about Amway IBO tax cases, preaching their prepared Amspeak replies to him and wanting to dispute what a terrific business opportunity Amway is. In order to discredit other sources who speak the truth about Amway, they do whatever they can to discredit them, including one ambot who submitted a remark claiming that Peter murdered his mother. When someone accuses you of a significant crime you did not commit, it must come as a huge shock! What else would you expect from a jerk like an Amway jerk? Deny, disparage, and divert attention. It doesn't matter to them what they get away with because they have no morals and don't care about damaging other people's life. As of right now, no ambots have come up to snark at him on his most recent post, but that could be because the most of his post was devoted to other hobbyists, which could explain why.

Listed below are links to a number of additional pieces he has made regarding Amway ambots and their battle with the tax man.

http://riles52.blogspot.com/2011/06/selling-soap-as-hobby-amway-ibos-in-tax.html

http://blogs.forbes.com/peterjreilly/2011/07/26/drag-racing-and-amway-fun-not-profit/

In addition to cursing out my Amway upline, no post of mine would be complete without including the following sentence:

Fuck you and your champagne horse, which you galloped in on to begin with!

You'll have to check out Peter Reilly's blog to really comprehend that one.

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