Hmmm. Ok, I'll spell it out for you. The business allows you to itemize costs that can be attributable to the business. Don't do a business only for taxes, it must be profitable to you, the owner. But when you do taxes and include certain accommodating write-offs, along with your (or my) "big kid" job, I can lower my % taxes against total family revenue.
You must be hung up on the "tax return" verbiage. It was a bit of a slight at the government coined termed, "return". Or is it the "profitable" part? "Profitable" is relative to personal worth, not necessarily reported income for taxes. A new computer is worth something to me AND can be written off as a buesiness expense to lower the taxable income.
There, now do you know where to start? Did I assume too much intelligence when I posted my oritinal quip? Apologies.
Who said anything about having a business just for taxes? Not me. The only costs I expense through my businesses, are attributable to that business. And who said my businesses weren't profitable? Not me. That was you that said that, ye who knows nothing about my businesses. I make a profit on two of them and the third is a start-up cattle business, where expenses are heavy on the front-end but revenue comes slow until you can grow the herd large enough to start taking some of them to market to make a buck.
And I have no idea what a "big kid" job is because I don't have one. Apparently you do because you admit to it.
Now, do you know where I'm coming from? If it went right over your head, like it appears to have done, I offer absolutely no apologies to arrogant know-it-alls who think they know more about how to run other people's businesses and do their taxes. I have run two of my businesses for 20 years now and one for 5 years. I've done my own taxes since I was in high school and made my first buck at a summer job. I have done just fine without your advice. I just don't know how I have gotten along without you all these years.
My “big kid job” is my business. My intelligence hangs in the balance of whether it is wise to overpay taxes or pay just enough? Profitability, well enough to keep me away from your day job for sure. I think you are probably someone I’d like to buy for what you’re worth and sell for what you think you’re worth. Yeah I bet that’s a really healthy margin right there.