A friend sent this to me and I couldn’t resist sharing it.  I know some taxes are for good things like roads, schools, etc.  But this puts it in perspective… we pay lots of taxes!

Tax his land,
Tax his bed,
Tax the table
At which he’s fed.

Tax his tractor,
Tax his mule,
Teach him taxes
Are the rule.

Tax his work,
Tax his  pay,
He works for peanuts Anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his ties,
Tax his shirt,
Tax his work,
Tax his dirt.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

Tax his cigars,
Tax his beers,
If he cries
Tax his tears.

Tax all he has
Then let him know
That you won’t be done
Till he has no dough.

When he screams and hollers,
Then tax him some more,
Tax him till
He’s good and sore.

Then tax his coffin,
Tax his grave,
Tax the sod in
Which he’s laid.

Put these words
upon his tomb,
‘ Taxes drove me to my doom…’

When he’s gone,
Do not relax,
Its time to apply
The inheritance tax.

Here’s the list of Taxes:

Accounts Receivable Tax
Building Permit Tax
CDL license Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Excise Taxes

Federal Income Tax
Federal Unemployment Tax (FUTA)
Fishing License Tax
Food License Tax
Fuel  Permit Tax
Gasoline Tax (42 cents per gallon)
Gross Receipts Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges

IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Taxes
Marriage License Tax
Medicare Tax
Personal Property Tax
Property Tax
Real Estate Tax
Service Charge Tax
Social Security Tax
Road Usage Tax
Sales Tax
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Taxes
Telephone Minimum Usage Surcharge tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Taxes
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax

Tax Time Is Right Around the Corner!

As a real estate professional, did you realize you are operating a small business? There are many tax deductions that small business owners overlook – it’s the little things that can add up and save you MONEY!

Here are some ideas for items used for business purposes only:

  • Advertising and printing
  • Entertainment and gifts, provided they meet IRS criteria
  • Equipment and furnishings: Depreciation on equipment; Office supplies; Software costs; Telephone (cell phones), Internet, television and other communication tools
  • Insurance premiums
  • Costs of business books, periodicals or newspapers
  • Dues or membership costs to professional organizations
  • Education costs for self or employees
  • Office moving expenses
  • Fees and penalties–Relating to CDs, business checking, savings or money-market accounts; Associated with retirement accounts for self and employees; For credit bureaus, Better Business Bureaus, local associations, etc.; Paid to employment agencies
  • Interest payments on business loans
  • Janitorial, landscaping and maintenance costs
  • Losses due to fire, windstorm, hail, flood or other natural disasters; also losses due to theft may be deductible
  • Self-employed tax deductions. Individuals can deduct a percentage of their health insurance premiums paid during the year for themselves and their dependents; May deduct one-half of their self-employment tax
  • Tax preparation fees as well as accounting, attorney, insurance, consultation fees, etc.
  • Travel expenses
  • Utilities for business facilities