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  1. #331
    Senior Member Hangin' Burrito's Avatar
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    Quote Originally Posted by JohnSawyer View Post
    Found it:

    That's good stuff John! Too funny!!
    "Is this the best you've got?!!" (Shortoff Mtn., Linville Gorge 2010)

    "Life is tough.....it's even tougher if you're stupid!".....(John Wayne)

  2. #332
    Member zyhano's Avatar
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    Quote Originally Posted by opie View Post
    zy, sorry but we just got everything wrapped up. Unless you want 600 or 1200 feet.
    Thanks opie, I'll have to pass this one. I was able to work something out here in the Netherlands right after my post
    Since I'm an amsteel noob I'm stuck with the question about the difference between 1/8 and 7/64 inch amsteel.
    the breaking strength of course and a little weight, but I'm more concerned about it being 'idiot proof' (the idiot being me of course) than weight savings.
    Is there anything I'm missing here??

    thanks

  3. #333
    Senior Member opie's Avatar
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    Zy, the only differences are the strength, physical diameter of the line and 7/64 is 8 strand while all other sizes are 12 strand. There are escalating bury lengths as you increase in line diameter also.

  4. #334
    Senior Member opie's Avatar
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    All spools have been rounded off. I'll get some math done after work today.

  5. #335
    Senior Member opie's Avatar
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    No math today. Snowing so I need to go to bed. Gotta be up in a few hours to go back to work.

    However, I should be home just about all day tomorrow so I can get the payment arrangements worked out. I did forget to add in the paypal fees in my quick price figure a few posts back. I think its still 3% and $.29 per transaction.

    However, the IRS, starting this year, is requiring Paypal to report any accounts that have $20,000 AND 200 transactions within the calender year. Not sure if this includes personal payments so I need to look into that. Since Im not selling the line for profit, Id hate to have this venture count against me next year on my taxes.

  6. #336
    Senior Member JohnSawyer's Avatar
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    Quote Originally Posted by opie View Post
    However, the IRS, starting this year, is requiring Paypal to report any accounts that have $20,000 AND 200 transactions within the calender year. Not sure if this includes personal payments so I need to look into that. Since Im not selling the line for profit, Id hate to have this venture count against me next year on my taxes.
    Having been self-employed in the past, you'd need to keep records of the costs of goods, and the sale prices. You deduct the cost of goods sold from the sales price. In this case, you won't profit, so nothing to pay taxes on... Of course, you'll need to track all your ancillary expenses: postage, supplies, etc. Those are a cost of doing business, so net-net, you may take a loss at some point and owe little to the tax-man...

    Get a good accountant if you're going to be in business for yourself.

    Besides, you're small potatoes. They won't target you over a few thousand dollars...

    John
    "Do or do not, there is no try." -- Yoda


  7. #337
    Senior Member opie's Avatar
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    Quote Originally Posted by JohnSawyer View Post
    Having been self-employed in the past, you'd need to keep records of the costs of goods, and the sale prices. You deduct the cost of goods sold from the sales price. In this case, you won't profit, so nothing to pay taxes on... Of course, you'll need to track all your ancillary expenses: postage, supplies, etc. Those are a cost of doing business, so net-net, you may take a loss at some point and owe little to the tax-man...

    Get a good accountant if you're going to be in business for yourself.

    Besides, you're small potatoes. They won't target you over a few thousand dollars...

    John
    Thats what I figured after I thought about it. Since Im not making any money on it, theres no issue.

  8. #338
    Senior Member opie's Avatar
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    Im figuring shipping prices right now.....

    You international folks that arent in Canada are going to get hammered.

    I figure I can get 200' of 7/64 into a small flat rate box which goes for $11.95 to Canada and Mexico and $13.95 everywhere else.

    Anything above 200' will need to go in a medium box which goes for $27.95 to Canada and Mexico and $45.50 everywhere else.

    Payment thread HERE.

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