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50495445 No.50495445 [Reply] [Original]

I won a lawsuit and have a $50k pretax check coming soon.

How can I avoid paying taxes on it?

Is this enough to start a food truck business?

>> No.50495501

>>50495445
doesnt want to pay taxes on a literal check

wants to start a food truck business

youre a fucking idiot and you will lose it in a year

>> No.50495539

>>50495501
If you have all the answers then share some

>> No.50495597

>>50495445
Go back

>> No.50495970

You will get robbed in America 100%.

>> No.50495990

>>50495445
god i want to slap that ass

>> No.50495993

>>50495445
You can avoid some of the taxes by maxing a HSA for $3650

>> No.50496333

>>50495445
You will get shot and blacks will take everything.

>> No.50497803

>>50495445
only start a food truck business if you really really enjoy selling food to people. If you do it only because you think it'll be profitable, you'll be miserable

>> No.50498360

>>50495445
if it's a personal injury suit, you don't owe taxes on that settlement

>but your lawyers and health insurance will get their cut which is worse than taxes

>> No.50498486
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50498486

>>50495539
Buy stock in Rite Aid before the merger becomes public knowledge.

>> No.50498591

>>50497803
i live in a rural area and some people started a BBQ truck and make money hand over fist. i'd say its viable in a area without non-fastfood options.

>> No.50498667

>>50498591
are you their accountant, how would you know that?

>> No.50498699

>>50498667
because i know them and they told me? they were able to break even on startup cost in 6 months and quit their old jobs. they have a 3 county circuit and set up in parking lots of dollar stores and usually sell out after a few hours.

>> No.50498780

>>50498699
Yes but my point was moreso how do you know they aren't lying or exaggerating their numbers?

>> No.50498790

>>50498780
i guess i dont know but all the indicators are that they are doing fine, if not well.

>> No.50498854

>>50495445
This reminds me, the biggest sluts I ever met weren't in college, they were working in food service.
I still don't understand why.

>> No.50498895

>>50498790
Makes sense. I knew a guy with a hotdog truck who had lines all day. It was right near a park/school. I assumed he was doing real well for himself but even he told me that things weren't doing so well lately, so you can never really be too sure with that type of business.

>> No.50499020

>>50498895
i guess but they have not competition at all. they have a captive market here.

>> No.50499166

Food truck really does sound fun!
I'd like to do one, but when it comes to cleaning I'll admit I'm not the most motivated. Perhaps if I wasn't exhausted from my day job cleaning wouldn't seem so daunting, but food service standards are admittedly far higher than mine at present.
I wouldn't want standard food truck fare. What would you sell in yours? Quesadillas take like 2 seconds to cook if they're prepped, you could stack 50 of them in a cooler & go. $10/per would be an easy sell and you could probably make 3 or so from a single chicken breast.
Chicken breast packs sell for $12 here and have 5 or 6 breasts. A food service provider would be cheaper, but going off the prices available to me, 5 breasts x 3 quesa's made with each x$10 is $150, not a bad profit from the $12 price tag for chicken. A block of cheese costs $8 and veggies cost nothing comparatively. So, spend $20 to make $150, doesn't sound bad. Especially because you'd have access to bulk supplies instead of retail prices.
I've also never seen a quasa sell for $10, they're always like $13.50 anywhere you go, so you could probably sell them for that.