Author Topic: Chicago Master Thread (Read 564824 times)

jj1000 · « **Reply #200 on:** June 25, 2013, 03:07:15 AM »

Quote from: 12HRS on June 25, 2013, 03:05:04 AM

Many owners with the money to invest have 0 desire to manage the restaurant.

And you REALLY missed the point.

501c3= tax free. Owner usually takes home say $150K. SO now he can take home the same amount and give all would be taxes to charity of his choice.

Dan · « **Reply #201 on:** June 25, 2013, 03:11:00 AM »

Quote from: jj1000 on June 25, 2013, 03:07:15 AM

And you REALLY missed the point.

501c3= tax free. Owner usually takes home say $150K. SO now he can take home the same amount and give all would be taxes to charity of his choice.

If he takes home $150K as salary he'll owe tax on it.
He would've been better off taking home everything as salary and then donating it all to charity to avoid taxes.

jj1000 · « **Reply #202 on:** June 25, 2013, 03:14:37 AM »

Quote from: Dan on June 25, 2013, 03:11:00 AM

If he takes home $150K as salary he'll owe tax on it.
He would've been better off taking home everything as salary and then donating it all to charity to avoid taxes.

I suppose it would take serious number crunching on a case to case basis. #IANAA

12HRS · « **Reply #203 on:** June 25, 2013, 03:31:41 AM »

Quote from: Dan on June 25, 2013, 03:11:00 AM

If he takes home $150K as salary he'll owe tax on it.
He would've been better off taking home everything as salary and then donating it all to charity to avoid taxes.

Not sure i understand this...if you take home lets say 500k in salary and then donate 350k leaving you with a 150k salary. You don't pay taxes based on 500k you pay it based on the 150k. Correct? AFAIK charitable contributions only reduce your tax liability by considering it as if you never earned the money in the first place.

12HRS · « **Reply #204 on:** June 25, 2013, 03:34:43 AM »

Quote from: jj1000 on June 25, 2013, 03:07:15 AM

And you REALLY missed the point.

501c3= tax free. Owner usually takes home say $150K. SO now he can take home the same amount and give all would be taxes to charity of his choice.

Owners "salary" would still not be tax free. Am I not understanding something?

CountValentine · « **Reply #205 on:** June 25, 2013, 06:43:54 AM »

Quote from: Dan on June 24, 2013, 07:01:02 PM

Of course it's after salaries are paid. Did you expect them to operate at a loss like that?

Very interesting question. How about all volunteers and no salaries?

mochada · « **Reply #206 on:** June 25, 2013, 12:02:32 PM »

I've seen mentioning the PH Chicago.
Does anyone have any reviews they can share on the PH Chicago?
Did they give kosher breakfast to Diamonds?

Ergel · « **Reply #207 on:** June 25, 2013, 12:40:50 PM »

Quote from: jj1000 on June 25, 2013, 02:54:34 AM

You are missing his point. The owner can take a managers salary of 150K and now you chap?

Trust me, the owner is not taking a salary. He is really doing this to do the community a service (try and help the Lakeview community grow) and give money to charity.

aarony · « **Reply #208 on:** June 27, 2013, 10:40:15 AM »

i am thinking of taking a one day trip to chicago this sunday with my daughters ages 11 and 15. anyone have any suggestions? should i just go to the Navy Pier? where should we eat supper?
Thanks,
Aaron

Ergel · « **Reply #209 on:** June 27, 2013, 10:41:27 AM »

Quote from: aarony on June 27, 2013, 10:40:15 AM

i am thinking of taking a one day trip to chicago this sunday with my daughters ages 11 and 15. anyone have any suggestions? should i just go to the Navy Pier? where should we eat supper?
Thanks,
Aaron

Navy pier is nice (just hope it's not too hot). Maybe that and rent bikes or a boat ride.
Second question is an easy one-milt's

twentie4hrs · « **Reply #210 on:** June 28, 2013, 09:10:06 AM »

OK..DAN...you were right....

I finally went to Milt's last night....it was great.

you were right about the Milt Burger (and ordering it with EXTRA Bbq aioli). ---*The only things I would add, is to order it with a "pretzel bun", otherwise they bring it to you on a store bought roll.

My wife got the steak sandwich, which was amazing.

I also got a bowl of Brisket Chili - $6 - VERY good (* a lil spicy, but thats what chili is supposed to be)

and the fact that all of the deserts are $5, esp. for a big bowl of cobbler(could serve 3) was even better.

I'm normally looking for things to go wrong/get screwed up, but I would recommend Milt's to anyone.

Danny29 · « **Reply #211 on:** June 30, 2013, 08:10:51 PM »

Im going to Chicago with my wife and we are looking to stay downtown by the river. I see they have a Westin and a Sheraton on the river. Any suggestions which is better? They are about the same price. Thanks!

Lotofsimcha · « **Reply #212 on:** June 30, 2013, 10:24:52 PM »

Quote from: Danny29 on June 30, 2013, 08:10:51 PM

Im going to Chicago with my wife and we are looking to stay downtown by the river. I see they have a Westin and a Sheraton on the river. Any suggestions which is better? They are about the same price. Thanks!

Both are a tad on the older side but the sheraton is nicer

joed25 · « **Reply #213 on:** July 01, 2013, 09:31:37 AM »

Are there any rooms/houses I could rent in Chicago near shuls for Shabbos? Thank you.

lbvtch · « **Reply #214 on:** July 01, 2013, 10:24:55 AM »

Quote from: joed25 on July 01, 2013, 09:31:37 AM

Are there any rooms/houses I could rent in Chicago near shuls for Shabbos? Thank you.

i believe that the Chicago Center for Torah and Chessed has apartments that they rent out. call them

twentie4hrs · « **Reply #215 on:** July 01, 2013, 10:42:39 AM »

Park Plaza in West Rogers Park also rents rooms.

moko · « **Reply #216 on:** July 01, 2013, 12:42:36 PM »

Holiday Inn across the street from Skokie Yeshiva
there's also a motel pretty centrally located but it's pretty grungy

Yordai Dooma · « **Reply #217 on:** July 02, 2013, 12:27:14 AM »

Quote from: moko on July 01, 2013, 12:42:36 PM

Holiday Inn across the street from Skokie Yeshiva
there's also a motel pretty centrally located but it's pretty grungy

People actually stay at that motel?

Free kosher breakfast for elites? Should I email the GM for an upgrade?

joed25 · « **Reply #218 on:** July 02, 2013, 03:01:44 PM »

Thank you

Lotofsimcha · « **Reply #219 on:** July 02, 2013, 06:25:25 PM »

Quote from: moko on July 01, 2013, 12:42:36 PM

Holiday Inn across the street from Skokie Yeshiva

Nicest option plus Skokie Yeshivah is across the street from Shallots (closed Fri but open sat night)

Quote from: moko on July 01, 2013, 12:42:36 PM

there's also a motel pretty centrally located but it's pretty grungy

EH... this place charges buy the hour, stay far away !

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Author Topic: Chicago Master Thread (Read 564824 times)