Taxes and being married to your CPA…

[Psycho Ward]

My wife is an accountant first and foremost, a big time accountant that manages a billion dollar business, but, in her heart, an accountant. She takes as much joy in “running some numbers” as I do in playing the bass. So when tax time comes around we never have to call H&R Block, she has our taxes ready the day she gets her W-2.

Getting ready to do the taxes always brings out “interesting” patterns of spending here at the Psycho household, stuff like how much we spent on the cars, electricity, clothes, plus the dreaded “Do you know how much money you spent on music equipment” report! (I Hate IT!)

This year the total came to (exactly…) $14,974.62!!! (I fully expect to see that tattooed to my forehead soon!)













I’ve got to get a gig!

 

[Big Poppa]

Chuckles,

Whats and wheres the problem?

 

[Psycho Ward]

Chuckles,

Whats and wheres the problem?

Ah, well... it's like this BP, I don't make any money.

 

[Mobay45]

Ah, well... it's like this BP, I don't make any money.

It looks to me that, in a round about way, you made $14,974.62 last year.

 

[Psycho Ward]

It looks to me that, in a round about way, you made $14,974.62 last year.

Larry, I like your thinking, I'm going for a raise this year! Helloooooooooo Jack!

 

[LowDownDave]

From the pictures we've been "exposed" to Chuck, surely all the money you are saving on not wearing clothes should be taken into account in your favour! Then again cowboy boots can be expensive (not that I'd know)!

 

[Psycho Ward]

.... the boots were free ....

 

[Bill]

I used to work at a local music shop when I was right out of college. In the year I worked there, I probably ended up not making a penny 'cause I spent just as much money there as what they paid me.

 

[Mobay45]

.... the boots were free ....

So was everything else!

I kid, I kid!

 

[BigBallz]

My wife is an accountant first and foremost, a big time accountant that manages a billion dollar business, but, in her heart, an accountant. She takes as much joy in “running some numbers” as I do in playing the bass. So when tax time comes around we never have to call H&R Block, she has our taxes ready the day she gets her W-2.

Getting ready to do the taxes always brings out “interesting” patterns of spending here at the Psycho household, stuff like how much we spent on the cars, electricity, clothes, plus the dreaded “Do you know how much money you spent on music equipment” report! (I Hate IT!)

This year the total came to (exactly…) $14,974.62!!! (I fully expect to see that tattooed to my forehead soon!)













I’ve got to get a gig!

We spent 15,900.00 last year also......ON MORTGAGE

 

[bovinehost]

Whats and wheres the problem?

I would say the fact that this money is able to be tracked - that is the only problem I can see.

 

[Freddy-G.]

$14,974.62!!! (I fully expect to see that tattooed to my forehead soon!)

If that's the only form of retribution you have to endure, I'd say you made out fairly well.

 

[radiotrib]

This year the total came to (exactly…) $14,974.62!!! (I fully expect to see that tattooed to my forehead soon!)

Or on some other readily available part of your anatomy ...

On the other hand, how many bits of musical instrument did you sell .. and is the 15K actually the resultant imbalance, or does it represent only the expenditure side of the equation ?? I bet it's all tax decuctable over there in the land of the free (or in your case, the land of the fairly expensive !!)

My wife has an odd tendency to be able to overlook the income when she looks at my expenditure .. and vice versa for vice versa ...

 

[Dr Stankface]

My mom did my taxes.

Andrew

 

[AnthonyD]

...This year the total came to (exactly…) $14,974.62!!! ...

Wow!

I try to keep my annual "musical spend" within 4-digits to help keep it under the radar...

 

[Dr Stankface]

I think mine last year was about $2000. Not bad for a teenager.

Andrew

 

[Psycho Ward]

I went a little nuts, but 85% was for bass gear! This year won't be near as bad, just a couple of Bongo's and I'm done.

 

[Dr Stankface]

Liar.

Andrew

 

[SteveB]

Wow, Chuck! I'd be dead with that budget!

Seriously, a typical year for me includes purchases of strings, fast fret, and polishing cloths. I've spent more on gear in the last two years than I have the rest of my life in total. I think I'm done for a while, although I am reserving some $$ for a mythical EB Wah pedal.

I actually bought a cheap-o wah just to get me through the interim. I hate it.

 

[muggsy]

I was actually around $500 in the black on bass gear this year. Sold a Lakland, bought a Bongo, and pocketed the difference. I'm hoping to pick up a 30th Anniversary Ray this year and still break even after selling some stuff off.