@[email protected] to Lemmy [email protected] • 4 months agoYou can also take deductions for costs relating to criminal activity!lemmy.worldimagemessage-square117arrow-up1864arrow-down13file-text
arrow-up1861arrow-down1imageYou can also take deductions for costs relating to criminal activity!lemmy.world@[email protected] to Lemmy [email protected] • 4 months agomessage-square117file-text
minus-square@[email protected]linkfedilink17•4 months agoSo then if you get caught and these are taken away from you, I assume you can declare it as a loss and get an equivalent deduction the next year? I wonder if anyone’s ever used this to their advantage to game their tax rates?
minus-square@[email protected]linkfedilinkEnglish17•4 months ago“damn, I can’t steal any more this year or I go up another tax bracket”
minus-square@[email protected]linkfedilink14•4 months agoAmericans will never understand tax brackets.
minus-square@[email protected]linkfedilink-1•4 months agoInternet users will never understand sarcasm.
minus-squarePoggervanialinkfedilink2•4 months agoOr more accurately: “I need to steal at least $3k more in stuff so I can properly tax loss harvest on my criminal activities”
minus-square@[email protected]linkfedilink2•4 months agoFrom what I remember you actually can’t claim deductions for illegal activity. I believe the post title is wrong.
So then if you get caught and these are taken away from you, I assume you can declare it as a loss and get an equivalent deduction the next year? I wonder if anyone’s ever used this to their advantage to game their tax rates?
“damn, I can’t steal any more this year or I go up another tax bracket”
Americans will never understand tax brackets.
Internet users will never understand sarcasm.
Or more accurately: “I need to steal at least $3k more in stuff so I can properly tax loss harvest on my criminal activities”
This guy crimes (and taxes)
From what I remember you actually can’t claim deductions for illegal activity. I believe the post title is wrong.