Reporting Drug Money on a 1040: 5 Wei...

Reporting Drug Money on a 1040: 5 Weird Tax Laws

There are 8 comments on the Wall St. Cheat Sheet story from Jul 20, 2014, titled Reporting Drug Money on a 1040: 5 Weird Tax Laws. In it, Wall St. Cheat Sheet reports that:

They reduce our take home pay and there's really nothing we can do to completely avoid them - taxes are a burden that virtually all of us face.

Join the discussion below, or Read more at Wall St. Cheat Sheet.

Level 4

Since: Oct 08

West Bloomfield, NY

#1 Jul 21, 2014
You can claim the maximum amount of exemptions. That at least controls the federal and state taxes taken out. You're still screwed when it comes to social security though.

“.WHERE DID”

Since: May 14

THAT POST GO

#2 Jul 21, 2014
ahem.......... Capone went to prison for what?????????

For 2014 (tax year 2013) the Social Security wage base is $113,700. For 2014 the rate is expected to be around $115,500.

that is for everyone ...... after 115,500 no more FICA is taken.... meaning the Gates/Trumps are Fica free after
Maggie Gallaghers Schmear

Philadelphia, PA

#3 Jul 21, 2014
tora tora tora wrote:
after 115,500 no more FICA is taken.... meaning the Gates/Trumps are Fica free after
I am surprised you would be criticizing that...if you in fact are.

It's hard enough to figure out what people are trying to say even when they use full sentences.
Maggie Gallaghers Schmear

Philadelphia, PA

#4 Jul 21, 2014
I should think up ways to disguise drugs as other things or to transport drugs illicitly across borders, patent those ideas, and then sue the drug cartels for patent infringement when they "discover" my pre existing art.

$

(A long time ago I bought a pretty nice, long, formal, wool coat in a Lower East Village vintage shop. It was new...except all the lining material was cut and hanging loose. And there were hundreds of such coats in the same store - heroin or coke brought in in the linings, and then the coat off for re sale once across the border, I presume. I'm sure these days you have to be much more clever.)

“.WHERE DID”

Since: May 14

THAT POST GO

#5 Jul 21, 2014
Maggie Gallaghers Schmear wrote:
<quoted text>
I am surprised you would be criticizing that...if you in fact are.
It's hard enough to figure out what people are trying to say even when they use full sentences.
fica . is a flat rate . not based upon income over all

a billionaire pays the same amount as you do ...

psssssssssssssst cross words isn't your forte
Maggie Gallaghers Schmear

Philadelphia, PA

#6 Jul 21, 2014
tora tora tora wrote:
<quoted text>
fica . is a flat rate . not based upon income over all
a billionaire pays the same amount as you do ...
I feel better now that you've become your usual stupid self again. Had you sobered up at last you might have wound up living longer.

“.WHERE DID”

Since: May 14

THAT POST GO

#7 Jul 21, 2014
Maggie Gallaghers Schmear wrote:
<quoted text>
I feel better now that you've become your usual stupid self again. Had you sobered up at last you might have wound up living longer.
as you are your stupid self black/white goes moo do you need more info ... ok raw milk

Spotted Girl

“The Spotted Girl News Network”

Level 8

Since: Apr 09

Spotted World

#11 Jul 22, 2014
Do drug dealers file a joint return?

The other points in the article are amusing too. You can deduct breast implants as a work-related expense if you are a stripper, but you cannot deduct business attire other than a literal clown suit. In Kansas, they can tax you for a tether balloon ride, but they cannot tax you if you actually go into the air - since then it is considered aircraft and subject to federal laws. You can deduct part of the price of a pool if you can prove it is for medical reasons.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Weird Discussions

Title Updated Last By Comments
*add A word / drop a word* (Nov '12) 35 min whatimeisit 17,271
Stupid things to ponder ... (Feb '08) 1 hr Bovenzi13 7,338
What turns you on ? (Aug '11) 1 hr Bovenzi13 2,973
Last two letters into two new words... (Jun '15) 1 hr Bovenzi13 6,790
conversation using song lyrics (Aug '13) 1 hr wichita-rick 2,687
What song are you listening to right now? (Apr '08) 1 hr wichita-rick 221,965
Poll Things that drive you crazy (Jan '10) 2 hr Sublime1 4,848
Poll What are you thinking right now? (May '08) 2 hr 99 percent 5,410
Coffee with Pie! (Sep '08) 3 hr Paisley_Posey 35,397
Denny Crain's Place (May '10) 3 hr Paisley_Posey 25,078
More from around the web