I have watched all 36 videos on that channel, produced in the last 2 years, so one about every 3 weeks?
He mentioned that he was using his new domino tool for a video just for a tax deduction, so at least the next time I make a decent purchase I may start making videos. Nobody will watch them, but I can deduct the expenses!
If only I had thought of this when I bought the 2002 Civic...
Well, my federal tax rate is 12% on everything above $9,950, so I could have recovered $96 on that purchase, but what about state?!
Well, that is only 2.59%. I am pretty sure that I was just under the next tier and of course only whatever I might earn over that amount would be at the higher rate, but 2.59% of $800 is $20.72, plus $96, so a total of $116.72.
I don't remember how much I paid for registration. The calculator says it would have been $44.80.
Did I claim that on my taxes?
I tracked down the site, but apparently I used my desktop, as I had for the 5 previous returns, so I will look up that later.
If I make a video about Crazy J replacing the engine and transmission, can I deduct the engine, transmission, and labor?!
That might save me $350, but would still cost at least $2,000!
The YouTube guy drove to Georgia, reviewed a Yugo in especially poor condition, the same Yugo that Doug DeMuro reviewed, and then Tavarish souped up.
Then Tavarish gave it back to him:
He made a video destroying a 2003 Lancer and has almost 1.5M views:
What is the profit margin on buying cheap cars that aren't roadworthy and destroying them on camera?
Well, they need to run and drive. I don't think my 2002 could do everything he did in the video and that cost me $800. Here is a video of him destroying a 1992 Civic:
I was only able to watch about half. It was too similar to the Lancer video and I like Civics!