@ickplant to Lemmy Shitpost • 1 year agoYou can also take deductions for costs relating to criminal activity!imagemessage-square117arrow-up1865arrow-down13file-text
arrow-up1862arrow-down1imageYou can also take deductions for costs relating to criminal activity!@ickplant to Lemmy Shitpost • 1 year agomessage-square117file-text
minus-square@[email protected]linkfedilink17•1 year 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-squareMidnight WolflinkEnglish18•1 year ago“damn, I can’t steal any more this year or I go up another tax bracket”
minus-squarePoggervanialinkfedilink2•1 year 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•1 year 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.