/biz/ - Business & Finance

[Anonymous No.12430094]

I'm fucking retarded so tell me why I am and how to improve.
So let's say I'm a fucking normalfag that can get 10 people, including me, to work at a minimum wage job (soon to be 12 dollars an hour.) for 8 hours a day all living in the same house. so 10x(8x12)x30x12 is 345,600 a year. So if this goes perfectly (nobody fucks up, bla bla bla, pockets money) so then if I pay the 25.75% tax it leaves me with 256,208 for food, rent, power and water. Should I buy a house, or maybe pay 2 grand a month rent for a big house for such 10 people to live in? How much food would you theoretically need to buy for these people? What are the chances someone pockets cash or leaves angrily? What could go wrong? Am I retarded?

[Anonymous No.12430107]

>10 people

imagine the smell lmao

[Anonymous No.12430141]

>>12430107
Sadly, the smell isn't that bad.
T. Lived in a house with 9 of my family and never had any privacy ever

[Anonymous No.12430158]

>>12430094
>Am I retarded?

[Anonymous No.12430299]

Shameless self bump.

[Anonymous No.12430784]

Please you faggots. I need to work on this plan

[Anonymous No.12431010]

>>12430094
I don't think that's legally possible. each of your workers will have an individual tax liability, and if they give you their net income for whatever reason you have to pay the tax on that too.
There isn't a legal entity that allows people to be employed as individuals at any company at the same time a treating 10 unrelated people as a single entity for taxation.

[Anonymous No.12431038]

>>12431010
I meant having a joint bank account. You're saying they have to pay taxes before depositing the money in said account?

[Anonymous No.12431077]

>>12431038
That shit taxed before they even thought about it touching your bank account.

[Anonymous No.12431082]

You won't work 7 days a week, every week of the year. And even if you do, the others likely won't.
There are 251 business days in 2019 in the US, so it's 8*251*10*$12 = $240,960. If you have to pay taxes of 25.75% (no idea how accurate that is) that's $178,912 or $14,909 per month for rent, utilities and food.
You would definitely have to trust the other people, both financially and socially (general chemistry when living together) tho.

[Anonymous No.12431121]

>>12431038
it will be withheld by their employer and paid directly to the fed quarterly. You could make it work for some time as a temp agency, but keep in mind that will make each individual liable for taxes on the presumed market value of the accommodations. Also no bank is going to open a 10 way joint account. Especially not a retail bank in the US.
If you try the temp agency thing you are probably going to get surprise visits from men in various three letter costumes with automatic weapons.

[Anonymous No.12431124]

>>12431082
This is Quebec, Canada were talking about here.
>inb4 A FUCKING LEAF

[Anonymous No.12431134]

>>12431124
That explains the extreme retardation. France was a mistake.

[Anonymous No.12431140]

>>12430141
Pajeet.

[Anonymous No.12431144]

>>12431134
>tfw Anglo
sorry, no frenchfags here.

[Anonymous No.12431152]

>>12430094
Get them to pay for you to live free.

[Anonymous No.12431182]

>>12431124
Then it's apparently 252 business days, so one day more. Keep in mind a mandatory amount of days off as well, I'm sure your partners will want to take them as well.

[Anonymous No.12431210]

So there's no way for me to pull this off? Why do (((politicians))) want to fuck over honest, hard working people?