re: #141 reine.de.tout

He said has about $600,000 a year from the business; and after he “feeds his family”, he’s got about $400,000 to invest in the business. So he’s living on $200,000 a year. That’s not $400,000, but it’s not bad either.

I doubt his claim that his personal $400K goes back into his businesses. The reinvestment money probably doesn’t come from his personal income but from the business income. He might reinvest some of his personal money for expansion, buying new outlets etc. but from an accounting standpoint I find it very unlikely that he’s claiming personal income from his businesses of $400K which he then turns around and puts back into his businesses. It would make much more sense to leave the money in the business and claim deductions for improvements, upgrades, investment, etc.