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Message:: [QUOTE="Vess1, post: 421365, member: 13650"]That stuff's really interesting Clembo.   From an outsider's view, it's easy to envision the different perspectives in play there.  Yours would definitely seem to make more sense.  Get the mint sets moved!  But he's waiting for a better day.   So how many years must pass before one of you gets to say they were right?  <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />   Great thread.  BTW US656, I just wonder how many of those "small businesses" were actually hobbyists?   I think the reason such a high percentage of small businesses fail is that so many people have caught onto how to play the tax game and most never were legitimate businesses to start with.   I don't do it and never have.  But anybody can set up a business with a tax ID number and can claim losses for 7 years and get 25% of your money back on all your 'business' purchases, before you have to start reporting some sort of profit.   After 7 years, whelp, the business failed!  Close the door (if there ever was one) , start up the next one and your set (to buy expensive toys) for the next 7 years.  It's amazing how many business expenses/write-offs there can be.  And nobody in society but the owner really benefits from them.  lol   And some people wonder why they must get screwed at tax time.[/QUOTE]