Wow.
I gave a 90 second breakdown on why you can’t run a diveboat on $100. I hand-waved taxes for a whopping $34. Yes, I know how business taxes work: I’ve run an S Corp, an LLC and a Schedule C.
You all focus on *that* and ignore the fact that I put operating expenses at $0! Might *those* have exceeded $34 whole dollars?
You’re proud of the fact that he’s probably running a business so close to break-even that he probably won’t pay much in taxes?!! And you feel that you should be able to make that worse?
Because a lot of people believe business taxes are like income taxes, and are surprised when businesses pay a low percentage compared to their gross receipts.
Personally I have no dog in this fight. PDC has always treated me right, so the following criticism is not directed at them. But I do think shops should be a bit more transparent on the likelihood that a charter will go out, I've had shops that will gladly tell you what days charters will likely go out, and what locations attract people (when you are the first to book). While others are "Just book and we will call you the night before if we have to cancel." I've even had charters (in a 40ft Newton) go out with 2-3 customers because of last minute cancellations and they wanted to be there for customers that did show up and not cancel the day of. I know that they probably are losing money and I really appreciate it when they do it. But I also understand when they have to cancel because no business should be operating at a loss.