republicans have been lying for years - now it has caught up to them

[extragreen]

The treasury is bringing in record tax revenue is here’s an idea CUT SPENDING ON EVERYTHING

You begging for a recession? We just had one of those. Most people dont enjoy them.

 

[raleighherdfan]

pffft, i was merely answering the question posed above. designer suits, suits, and accessories aren't cheap. hell, i do okay and money for clothing of that nature isn't in my budget.

oh, and "clothing and crap" isn't the only usable deductible expenditure.

If you are buying designer suits as deductible expenses you are not going to really move the needle in taxable income as a biz owner.

The biggest (most usable and beneficial) deduction is depreciation. It's obviously tied to real assets and has the biggest effects on limiting pass through income to a biz owner.

And again....we are talking biz owner here. High income, non biz owner professionals are very limited on what "deductions" they are permitted to take. Greed's "point" is worthless has it relates to most in a higher income bracket.

 

[raleighherdfan]

Since when do they give deductions for buying clothes and crap

As usual Greed has such a narrow view and blurred the overall discussion. Clothing for a high income employee is NOT deductible to that employee.

 

[WV-FAN]

If you are buying designer suits as deductible expenses you are not going to really move the needle in taxable income as a biz owner.

The biggest (most usable and beneficial) deduction is depreciation. It's obviously tied to real assets and has the biggest effects on limiting pass through income to a biz owner.

And again....we are talking biz owner here. High income, non biz owner professionals are very limited on what "deductions" they are permitted to take. Greed's "point" is worthless has it relates to most in a higher income bracket.

once again, i was responding to the post above regarding "clothing and crap". there was also the little tidbit i left behind regarding "other deductions".

i agree with your final point and greed's narrow mind.

 

[extragreen]

once again, i was responding to the post above regarding "clothing and crap". there was also the little tidbit i left behind regarding "other deductions".

i agree with your final point and greed's narrow mind.

My mind is exponentially broader than yours.

 

[WV-FAN]

My mind is exponentially broader than yours.

problem is, you have shit for brains.

 

[extragreen]

problem is, you have shit for brains.

Nope. Mine is also cleaner.

 

[herdfan429]

Nope. Mine is also cleaner.

I think you meant "cleaRer"

 

[extragreen]

I think you meant "cleaRer"

That too.