Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:

http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

B.

"Buddy Matlosz" wrote in message news:5QFWg.124
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:


http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

Either that or he doesn't want the IRS to get wind of the fact that he makes
extra under the table.

On Tue, 10 Oct 2006 01:13:55 -0400, "Upscale"
wrote:


"Buddy Matlosz" wrote in message news:5QFWg.124
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:


http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

Either that or he doesn't want the IRS to get wind of the fact that he makes
extra under the table.


Probably a little of both- but at 60, I doubt the guy wants to put in
too many nights or weekends. Best I ever found for pay as a
woodworker was $12/hr- and that was for someone willing to put up with
an insane boss who liked to scream and curse. Most pay a little less
than that. Gotta love it to do it for a job, because it sure won't
make you rich.

Another way to read it is that a "newbie" would make about $25K - the
article talks about earning potential after 5 years - and that is
essentially still an apprentice, not a master.
"Joe Bemier" wrote in message
...
On Tue, 10 Oct 2006 01:13:55 -0400, "Upscale"
wrote:


"Buddy Matlosz" wrote in message news:5QFWg.124
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:


http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

Either that or he doesn't want the IRS to get wind of the fact that he
makes
extra under the table.

Exactly....it is rampant around here. Makes me sick....guys with
"Support Our Troops" and American Flags all over their truck and then
trying to weasel a portion under the table.

When you are in business, your accountant always works the numbers within
the regulations to keep your taxable income as low as possible, while an
employed person does not have that advantage and pays tax on all that he is
paid.

"Buddy Matlosz" wrote in message
...
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:

http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

B.

On Tue, 10 Oct 2006 06:21:23 -0400, Joe Bemier
wrote:

On Tue, 10 Oct 2006 01:13:55 -0400, "Upscale"
wrote:


"Buddy Matlosz" wrote in message news:5QFWg.124
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:


http://www.app.com/apps/pbcs.dll/art...610090311/1003

Sure doesn't appear to be much money in it.

Either that or he doesn't want the IRS to get wind of the fact that he makes
extra under the table.

Exactly....it is rampant around here. Makes me sick....guys with
"Support Our Troops" and American Flags all over their truck and then
trying to weasel a portion under the table.

Makes ya sick, does it?

You know, what kind of makes me sick is a guy working 40-60 hours a
week and paying taxes on all of it to make about $20k/year take home
pay being looked down on because he chose not to pay additional taxes
on an extra couple hours of work a week he had to do to make sure the
kids had shoes or the morgage got paid- while some ****heel in a
corporate office is busy having his accountant write off his new yacht
and the year's golf tourament as business expenses so he can pay less
taxes than a high school kid who flips burgers 10 hours a week.

Be realistic. I'm not against taxation- I believe it's important and
serves a good purpose (most of the time). And I pay my taxes- but I
sure as hell am not going to hold a blue collar worker accountable if
he makes an extra couple hundred bucks a month in his spare time and
doesn't give it away voluntarily. You work your time at the day job
and pay the payroll taxes, you've done your part and made your
contribution. Bad enough they're taking our benefits away and selling
our livelihoods to the lowest bidder somewhere overseas without making
extra donations to the fellas who won't do a thing to stop it.

"EXT" wrote in message
anews.com...
When you are in business, your accountant always works the numbers within
the regulations to keep your taxable income as low as possible, while an
employed person does not have that advantage and pays tax on all that he
is paid.


One accountant said the proper consideration is not how much you are making
but how much you are TAKING from the business. I'm sure it is much tougher
now with new regulations, but many business owners don't buy cars, but the
business does. They don't take vacations, but do travel for seminars and to
meet customers.

I worked for a fellow that was on the board of directors for an industry
association. They were having a board meeting in the Bahamas. The agenda
for the meeting was "where shall we have next years meeting?"

"I would like to know when the politicians will pass a law that lets the
working class vote themselves a pay raise and vote to give themselves a
pension!!!! (?????)

Buddy Matlosz wrote:

.... Not much money ....:

How true. I was looking to buy a local furniture store. Guy gets his
stuff from distributors unpainted, then applies a markup for selling
the raw stuff and another if he has to paint it. Pine, some oak, very
functional not "high end". He told me he makes about $35k a year.
That's just himself, no help. I passed it up.

This guy says you could make $25 after 5 years, well he's been
in business a longer then that and has help, so he indicates. I also
think his business buys his trucks, supplies and tools. A lot of
overhead in workman's comp as well - I could imagine what
the claims are like for woodshop.

MJ Wallace

On 11 Oct 2006 18:01:14 -0700, wrote:


Buddy Matlosz wrote:

... Not much money ....:

How true. I was looking to buy a local furniture store. Guy gets his
stuff from distributors unpainted, then applies a markup for selling
the raw stuff and another if he has to paint it. Pine, some oak, very
functional not "high end". He told me he makes about $35k a year.
That's just himself, no help. I passed it up.

This guy says you could make $25 after 5 years, well he's been
in business a longer then that and has help, so he indicates. I also
think his business buys his trucks, supplies and tools. A lot of
overhead in workman's comp as well - I could imagine what
the claims are like for woodshop.

Some businesses buy tools, many require you to have your own. Trucks
and supplies are usually covered, but supplies often doesn't count
drill bits, driver bits for screw guns, razor knives & blades, etc.
Doesn't sound like much, but it adds up when you do it for a living.
Far as workman's comp goes, I made one claim in the last ten years,
and it was in a metal shop. I never saw anyone else hurt badly enough
to need more than a band aid or an elastic bandage, either. You
figure out how to avoid hurting yourself pretty quick when you do it
every day.

MJ Wallace

Great article. Thanks for including it.

On Oct 10, 1:02 am, "Buddy Matlosz" wrote:
Every week in the business section they do a close-up of someone in a
different profession. This week is a woodworker:

http://www.app.com/apps/pbcs.dll/art...BUSINESS/61009...

Sure doesn't appear to be much money in it.

B.