[quote=AN][quote=SK in CV]That fantasy world doesn’t exist. Business owners can’t write off a lavish life style legally.
It is hard to become super rich as a wage earner. But it isn’t hard to become super comfortable as a very high wage earner. Don’t live like you’re super rich, don’t spend it all and invest wisely. It doesn’t happen overnight.[/quote]
I’ve listed many things that biz owners can write off that W2 earners can’t. It ain’t fantasy. I’ve seen first hand many biz owners who do it. You’re telling me company cars are illegal? How about company paid cellphones. How about company computers? How about have a home office? I can go on, but you obviously thing it’s fantasy.
I’m not saying it’s harder or easier to be super rich as a wage earner or as a biz owner. I was just pointing out the double standards.[/quote]
If they use a home office exclusively for work and there is no other local office, then there might be a small deduction. If they use their cars for business, they can write off a piece of the cost, exactly like you can. They can write off their cell phones if they use it for work and it’s a 2nd cell phone (can’t write off 1st cell phones). Bottom line is, they can legally write off costs that are related to the business. Not unrelated costs that improve lifestyle outside of work.
