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Reply #19: She can't "take it off her taxes", nice try. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009)

ORDem

(1000+ posts) Send PM | Profile | Ignore

Thu Apr-24-08 11:02 PM
Response to Reply #7

19. She can't "take it off her taxes", nice try.

1) You can't deduct the loan from her income (it would be a deduction from income, not taxes) unless it's a bad debt (uncollectable, and how is a loan to yourself uncollectable? Also, it would have to be less than her adjusted income anyway.

2) If she could somehow deduct it then it would be a campaign contribution from herself, far exceeding the legal limits. And political contributions are not deductible from federal income anyway.

Are all Hillary supporters so friggin' dense?

:dem:

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