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Old 08-20-2018, 01:07 PM
HappyGoLucky HappyGoLucky is offline
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Quote:
Originally Posted by cliffrod View Post
Running a shop on a shoestring budget because you (& I) can & do scrounge, make do and go without to maximize profit is nice to think about. So you do it because you don't know as much as you think you do. Then you get to write a $five figure check to the govt for being frugal and inventive because your income is too high and your expenses are too low. Even worse, just barely cross into the next tax bracket and make even less because you owe even more. You soon figure out its better to expense some of that money on anything allowed to retain equity than to simply give it to the govt. learning how to better manage resources is how you survive as a business because the money is going to go away one way or another. Period.

maybe you don't want to spend money on another whatever. but you can't keep the money as easily as you can keep the whatever. And if you're lying to hide cash or cheat the system, all bets are off. The same applies if you're a hobbyist that depends upon some other resource/employer for full time income.

There's a big difference between being able to build an untested machine cheap because of an occasional score of materials. Many here do that and like it when we can. Others even buy the real big deal machines for pennies on the dollar because that's what they do for fun. Occasional deals happen. Unless you can reproduce those results on demand whenever you need them, it's not a relevant argument. It's just a hat trick.

There's no need to keep bashing a specific company or product, especially if you are not a customer with a true actionable issue based upon failed product or customer service. Move on. Post your own build.

btw- I own no Baliegh products. I bought one of Peter's Hand Built cast iron English wheels, in part because I wanted it and in part for the exact tax reasons noted above. If I hadn't learned the hard (expensive) way, I probably wouldn't have pulled the trigger. It's nice to not be smart like I thought I was.....

Maybe Baileigh hasn't paid their dues... they came on the scene and tried selling expensive stuff... without having any relevant experience before. Like who came up with their die designs? Who did they copy for thumbnail dies? Etc... Don't try and tell me what works and what doesn't.... tax wise... because the tax codes change every year and if you are basing a longterm fairly expensive investment on the taxcode that is a mistake.

How do you know a machine design is untested? Maybe it is not... how complex are Recip machines.. anyways.... LOL they are very simple. I am not here to promote some other persons stuff... or why I bought it. I am here to share my build "once it is done"... to help others. Lol... Point of this thread is why are people stupid with their money... and like you have said "I thought I was smart by buying equipment before" when I should of just put my money in the then cheap, now inflated stock market... and sit back. My money I invested in equipment would have been millions of dollars in capital gains... hahaha. That's just how life works... there is always a winner and a loser regardless... Maybe you get your taxwrite off and there is some other person paying more than his share in taxes.... but that does not mean he is not smart. The goalpost is in the later terms of life, not 1/3 of the way... or even halfway... so I'm not really worried about some petty tax writeoff... I want to help people build machines for themselves. I have never met a metalshaper who would not prefer to build his own stuff... vs. buying it.

So, I am designing a Group share machine that does not cost a mortgage for the baseline people to build. If you want to pay extra money for something just for a tax writeoff.... go ahead... because someday that may go away.

Anyways... I would like to see some pics of your english wheel... I like Kerry's Imperial Designs.
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Last edited by HappyGoLucky; 08-20-2018 at 01:09 PM.
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