Amway And Taxes?

 Some people pitch Amway as a tax break or claim that Amway tools and functions pay for themselves because of tax breaks.  Both claims are total bull shit.   If you know anything about taxes, you know what I’ve said is true.  

You can only benefit tax wise if you lose money in Amway because if you made money, you’d be paying more taxes overall.   Functions don’t pay for themselves tax wise because  $1000 worth of functions will only offset whatever percentage of the tax bracket you’re in.   For example if you’re in the 10% tax bracket, the $1000 in function expenses will only get you a $100 credit.  In other words, you still lost money.  

If you take the time to google Amway IBOs and taxes, you’ll find that the IRS usually takes Amway IBOs to the cleaners.  And that’s because you can’t just use Amway as a tax shelter. You actually need to running a business and trying to make a profit.  The IRS allows legitimate tax deductions for expenses that will help you to make your business profitable such as a grill that is used in a restaurant.  

But what tangible benefit is there in standing orders and functions?   The vast majority of IBOs do not increase sales or sponsorship of down line because of tools and functions because these tools and functions, in my opinion is just a scam by the diamonds to make their dreams come true.  You don’t see and endless stream of new diamonds because the system works.  

I challenge anyone to explain why I’m wrong.   I’ve also outlasted all of the dedicated Amway defenders because I’m no quitter.   Where are all those belly aching Amway defenders?  They all quit while Joecool is going strong.