Profitability

[Scott Stone 604]

I am conducting a poll on everyone's profitability. We are running by percentage to help establish a baseline. So, why don't we say it is the income you declared on your taxes, divided by your gross profits.

If you did do something like buy a truck where the whole thing was deducted at one time, then add that into your taxable income, less one years allowance.

For Example:

Gross 250,000

Taxable income 80000

New truck, Fully deducted 40,000

5 year life 8,000

Net income reduction 32,000

so the equation is,

112,000/250,000= .44 or 44%

For Obvious reasons, I do not want dollar figures. Some of us have really good years, and some bad.

We will also break it down in 5% increments.

[Littlefield 65]

Scott, I clicked the wrong button, but mine was 14% last year, no big purchases to drive it down. EEEEK!

[Scott Stone 604]

Curious that everyone wants to know what others profitability is, yet, want post their own numbers.

For what it is worth, this is a blind poll, so no one can see what you answered.

Scott

[Ron Musgraves 240]

Scott, we didnt see photo 40,000 shinny new diesel.

Fire engine red no less.

[Ron Musgraves 240]

I do it for the children, I have not idea how much i really made last year.

I dont like the irs...........

[Scott Stone 604]

That is the cheap one. The next one will be 80k... It is on order.

[Jon 533]

You want what on my book sales?

Are you NUTS?

Ron does what for the kids, spend money or make money:)

IRS, nothing to hate about them, nothing to love about them and in the end they will get their money one way or another so HIDE it good. Split it between a few offshore accounts as they now have access to some of them.

[Scott Stone 604]

Okay Jon,

You are getting really Random, so back away from the computer very slowly. The voices you hear are not real....Uhm...If you can hear them...

I'm still waiting for the 35% you promised me.

[Mike Williamson 198]

Curious that everyone wants to know what others profitability is, yet, want post their own numbers.

For what it is worth, this is a blind poll, so no one can see what you answered.

Scott

I haven't posted my numbers yet because I don't know yet...doing taxes this week, so I'll post mine by the weekend.

[Scott Stone 604]

I don't want numbers, just percentages.

And, nothing like waiting until the last minute.

[Mike Williamson 198]

I don't want numbers, just percentages.

And, nothing like waiting until the last minute.

Yep, agreed. Lucky for me I was hospitalized all last week with pneumonia, and have all this week at home learning to breathe again. :) Taxes are scheduled for Wednesday!

[Scott Stone 604]

Okay, that is a weak excuse, but I will take it.

Just kidding. I hope that you are feeling better, and are able to get everythign else in your life taken care of...

[James 625]

Scott I have worked 18 months in the last 36 months. The 4 years before that I was sick all the time.

I lost a couple of a hundred thousand dollars easy. Not one missed paymant or bankrupt. Of those 18 months I did 20 grand a month.

This year is the first year in 4 without surgery going into PC season. Survivial with a reputation is very difficult in our biz. So far so good. It pay's to have a great body and face !!! LOL , 5 fooot one 300 pounds. No pimples!!

My profit is 2 more months of work and a bonus of one month!