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originally posted by: FamCore
a reply to: introvert
We (our country) could eliminate poverty and save billions of dollars per year on health care costs and hundreds of other expenses if we had universal basic income, but then the medical industry, prisons and other Industrial Complexes wouldn't have their cash cows, so it would never happen.
I agree with you, not enough is done but that is completely by design.
originally posted by: olaru12
originally posted by: introvert
originally posted by: olaru12
What chaps my ass is that when you win a nice tourny at the Casino, they take the tax immediately but you can't write it off when you lose.
But you can write off your loss in the stock mkt.
Perhaps it's different by state, but I believe you can write-off gambling losses as long as you file an itemized return.
Writing off gambling losses is one sure way to get targeted for a very ugly audit. No thanks!!!
originally posted by: Gryphon66
a reply to: Edumakated
Hire a better accountant?
originally posted by: Edumakated
originally posted by: Gryphon66
a reply to: Edumakated
Hire a better accountant?
I take every deduction I am legally entitled to take. People like me get screwed because we are high income wage earners (straight w2 salary) so we wind up paying the highest tax rates. The bulk of my income does not come from capital gains, carried interest, or other investment income streams that are taxed at lower rates.
Besides, I thought you libs always accuse people of dodging taxes or not paying their fair share for hiring accountants to legally reduce their tax burden.
originally posted by: introvert
originally posted by: olaru12
originally posted by: introvert
originally posted by: olaru12
What chaps my ass is that when you win a nice tourny at the Casino, they take the tax immediately but you can't write it off when you lose.
But you can write off your loss in the stock mkt.
Perhaps it's different by state, but I believe you can write-off gambling losses as long as you file an itemized return.
Writing off gambling losses is one sure way to get targeted for a very ugly audit. No thanks!!!
That could be true. It would be a better idea not to lose that money to begin with.
originally posted by: FamCore
a reply to: Edumakated
Not to mention the fact that there is NO LAW IN THE BOOKS to justify Federal Income Tax.
Even senior members of the IRS quit and became whistleblowers to attest to this fact, saying they know the IRS is robbing people.
But anytime people bring it up the Supreme Court just rules in favor of the IRS - SURPRISE!!!
It's absolutely criminal.
originally posted by: Gryphon66
originally posted by: Edumakated
originally posted by: Gryphon66
a reply to: Edumakated
Hire a better accountant?
I take every deduction I am legally entitled to take. People like me get screwed because we are high income wage earners (straight w2 salary) so we wind up paying the highest tax rates. The bulk of my income does not come from capital gains, carried interest, or other investment income streams that are taxed at lower rates.
Besides, I thought you libs always accuse people of dodging taxes or not paying their fair share for hiring accountants to legally reduce their tax burden.
a) I'm not a "lib."
b) A good tax accountant insures that the laws are followed - good for you if you pay less than you calculated. /shrug
c) You make a generic statement and expect a specific response? Okay: Liberals (as opposed to socialists, etc.) generically agree with paying taxes as they understand the relationship between public services and tax revenues. No liberal I've ever met agrees with paying more than you owe.