Bozita
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Wed Jan-11-06 02:42 AM
Original message |
| IRS has a new deduction: body armor for children serving in armed forces |
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Edited on Wed Jan-11-06 03:00 AM by Bozita
Just heard on Bernie Ward's stream.
UNFUCKINGBELIEVABLE!
Buy the armor for your kid. Get a tax break.
UNFUCKINGBELIEVABLE!
Better yet, you don't get to write off the entire cost. Deduction is a percentage.
No deductions for shipping and handling.
UNFUCKINGBELIEVABLE!
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| berni_mccoy
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Wed Jan-11-06 02:47 AM
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| 1. What the soldiers need to do is to incorporate and file as a business. |
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Then the body armor AND shipping reduces their income dollar-for-dollar. Anyone can do this as a sole-proprietor and file schedule-C as long as they have income from one other source and the expense is related to the outside source (certain limits apply to qualify though).
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| mikelewis
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Wed Jan-11-06 02:50 AM
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| 2. Can they claim the lose of an appendage? |
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What would be the rate for that and would the rate still apply if the Army knew where it was? They can't really claim they lost it when the army has it in a freezer somewhere, can they?
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| Bozita
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Wed Jan-11-06 02:52 AM
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| 3. Republicans regard class action suits as being bad for America |
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Edited on Wed Jan-11-06 03:04 AM by Bozita
Hhhhmmmmmmmmmm!
They say it's all about lawyers.
When the finger points at you, point at someone else.
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DU
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Thu Apr 25th 2024, 12:52 PM
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