I gotta throw this one out. A buddy has a truck repair shop. He routinely would replace a starter or generator or tranny. then have the old one rebuilt and stick it in a cubby area over the shop. Over a few years, it became a spare parts repository for a good bit of stuff.
Enter the revenuer. "You gotta inventory everything, and pay an inventory tax on it every year." Nope. "Either you do, or I'll come back with the police". Bring 'em on....
About a month later, here comes this fool- I'm sorry, Government Man- and two of the biggest State Troopers he could round up. Buddy pointed to a ladder, and said, 'Have at it'. About fifteen minutes up in that attic area, in the middle of July, the G-man came down and asked for a fan. 'Don't have one, go get your inventory done...' About five more minutes passed, and the G-man reappears. "Would you think there is $100,000 worth of parts up there?" Nope- go finish your inventory... Another five miutes, and "Would you settle for $50,000?" Nope- go do your work... About five more minutes, and all three appeared, looking like well done lobsters. They offered $10,000, and my bud then suggested $100. He paid his inventory tax and hasn't been reassessed since.....
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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