@ickplant@lemmy.world to Lemmy Shitpost@lemmy.world • 1 year agoYou can also take deductions for costs relating to criminal activity!lemmy.worldimagemessage-square117fedilinkarrow-up1865arrow-down13file-text
arrow-up1862arrow-down1imageYou can also take deductions for costs relating to criminal activity!lemmy.world@ickplant@lemmy.world to Lemmy Shitpost@lemmy.world • 1 year agomessage-square117fedilinkfile-text
minus-square@blackbrook@mander.xyzlinkfedilink17•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 WolflinkfedilinkEnglish18•1 year ago“damn, I can’t steal any more this year or I go up another tax bracket”
minus-square@anton@lemmy.blahaj.zonelinkfedilink14•1 year agoAmericans will never understand tax brackets.
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@1couchpotato@lemmy.dbzer0.comlinkfedilink2•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.