goemaw.com
General Discussion => Essentially Flyertalk => Topic started by: j rake on March 13, 2012, 10:37:50 AM
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
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I didn't report the $5 bill I found blowing across the street next to the taco bell.
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I didn't report the $5 bill I found blowing across the street next to the taco bell.
lol
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Donate the $100 to fatty4ksu. Problem solved.
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I didn't report the $5 bill I found blowing across the street next to the taco bell.
This is great, simple, and poignant. :)
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I didn't report the $5 bill I found blowing across the street next to the taco bell.
yeah, that was good. i never find money.
i only lose it at taco bell drive thru's. :angry:
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
You basically just summed up the entire argument against the death tax in a simple, 2 sentance example, except the people that have already paid the taxes are usually your parents.
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
You basically just summed up the entire argument against the death tax in a simple, 2 sentance example, except the people that have already paid the taxes are usually your parents.
That argument can be applied to every monetary transaction that ever occurs.
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
You basically just summed up the entire argument against the death tax in a simple, 2 sentance example, except the people that have already paid the taxes are usually your parents.
That argument can be applied to every monetary transaction that ever occurs.
No it can't. The difference is when the money is "earned" thru some transaction. There is a difference between giving money to someone just because it's yours and you want to give your money to someone and using money as a legal tender for a trade transaction.
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
You basically just summed up the entire argument against the death tax in a simple, 2 sentance example, except the people that have already paid the taxes are usually your parents.
That argument can be applied to every monetary transaction that ever occurs.
No it can't. The difference is when the money is "earned" thru some transaction. There is a difference between giving money to someone just because it's yours and you want to give your money to someone and using money as a legal tender for a trade transaction.
Oh, so "unearned" income is different than "earned" income and should not be taxed. Good to know.
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if you find a $100 bill on the ground, and keep it, you are supposed to include this $100 on your tax return as income. so basically, you're paying taxes on money that someone else has already paid taxes on.*
now tell me, how is that fair? :sdeek:
*someone else told me this info. not sure if true.
You basically just summed up the entire argument against the death tax in a simple, 2 sentance example, except the people that have already paid the taxes are usually your parents.
That argument can be applied to every monetary transaction that ever occurs.
No it can't. The difference is when the money is "earned" thru some transaction. There is a difference between giving money to someone just because it's yours and you want to give your money to someone and using money as a legal tender for a trade transaction.
Oh, so "unearned" income is different than "earned" income and should not be taxed. Good to know.
take this crap to the pit.
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I hope Jamar at least has the decency to report this on his 2012 taxes.
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I hope Jamar at least has the decency to report this on his 2012 taxes.
Do you think Curtis reports it as a charitable donation or a business expense?
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I hope Jamar at least has the decency to report this on his 2012 taxes.
Do you think Curtis reports it as a charitable donation or a business expense?
Has to be business expense, unless Jamar has got himself a charity tax ID.