Even better, claim you stole the painting but it lost value, so now you can claim the loss. It was worth a million when I stole it, but now its only worth 50 bucks because my dog took a shit on it. Someone now owes me a million....right?
edit: My reading comprehension sucks. The itemized deduction for theft of items used by employees is gone and rolled into something else. You can still claim income-producing item theft. Not sure about non-income producing item theft.
How does this work with the 5th amendment and self incrimination? So not only are you guilty of stealing, you're also guilty of not telling on yourself???
Also, the IRS treats EVERYTHING as income. If you get a free hooker from your mob boss, that's imputed income. If you rape a woman... fair market value?
A criminal would be required to tell their life story every year, just like we are.
[ - ] Her0n 1 point 3.4 yearsDec 28, 2021 14:08:35 ago (+1/-0)
This is just so they have another option to charge you for a crime. Catch some of the idiots, like when cops tell people if they suspect their drugs aren’t legit they can bring them to the police station for testing. You guys never heard of this crap before?
[ + ] account deleted by user
[ - ] account deleted by user 8 points 3.4 yearsDec 28, 2021 12:54:11 ago (+8/-0)
[ + ] Deleted
[ - ] deleted 0 points 3.4 yearsDec 28, 2021 13:05:27 ago (+0/-0)
[ + ] TheSimulacra
[ - ] TheSimulacra 4 points 3.4 yearsDec 28, 2021 14:41:07 ago (+4/-0)
It was worth a million when I stole it, but now its only worth 50 bucks because my dog took a shit on it. Someone now owes me a million....right?
[ + ] Her0n
[ - ] Her0n 0 points 3.4 yearsDec 28, 2021 15:13:10 ago (+0/-0)
[ + ] ModernGuilt
[ - ] ModernGuilt 5 points 3.4 yearsDec 28, 2021 13:56:31 ago (+5/-0)
[ + ] Kozel
[ - ] Kozel 3 points 3.4 yearsDec 28, 2021 12:56:24 ago (+4/-1)
everyone make fun of him for going to poal
look at this guy he was just on poal
haha poal
[ + ] 3Whuurs
[ - ] 3Whuurs 2 points 3.4 yearsDec 28, 2021 13:28:45 ago (+2/-0)
[ + ] Kozel
[ - ] Kozel -1 points 3.4 yearsDec 28, 2021 13:40:33 ago (+1/-2)
[ + ] 3Whuurs
[ - ] 3Whuurs 0 points 3.4 yearsDec 28, 2021 14:22:33 ago (+0/-0)
I just lurked there but didn’t engage much.
Was just curious how you know it came from Poal?
[ + ] Kozel
[ - ] Kozel 0 points 3.4 yearsDec 28, 2021 14:35:52 ago (+1/-1)
[ + ] NationalSocialism
[ - ] NationalSocialism [op] 1 point 3.4 yearsDec 28, 2021 13:02:28 ago (+2/-1)
[ + ] germ22
[ - ] germ22 0 points 3.4 yearsDec 28, 2021 15:05:38 ago (+0/-0)
[ + ] lord_nougat
[ - ] lord_nougat 3 points 3.4 yearsDec 28, 2021 13:17:48 ago (+3/-0)
[ + ] localsal
[ - ] localsal 2 points 3.4 yearsDec 28, 2021 14:53:06 ago (+2/-0)
[ + ] Rebooted
[ - ] Rebooted 1 point 3.4 yearsDec 28, 2021 14:53:17 ago (+1/-0)*
https://www.irs.gov/publications/p17
edit: My reading comprehension sucks. The itemized deduction for theft of items used by employees is gone and rolled into something else. You can still claim income-producing item theft. Not sure about non-income producing item theft.
[ + ] Teefinyomouf
[ - ] Teefinyomouf 1 point 3.4 yearsDec 28, 2021 13:59:07 ago (+1/-0)
Also, the IRS treats EVERYTHING as income. If you get a free hooker from your mob boss, that's imputed income. If you rape a woman... fair market value?
A criminal would be required to tell their life story every year, just like we are.
[ + ] GoatsAdvocate
[ - ] GoatsAdvocate 0 points 3.4 yearsDec 28, 2021 18:01:05 ago (+0/-0)
Like putting someone on the stand, the judge doesn’t step in and say woah he has 5th amendment
[ + ] Teefinyomouf
[ - ] Teefinyomouf 0 points 3.4 yearsDec 28, 2021 20:07:58 ago (+0/-0)
[ + ] Her0n
[ - ] Her0n 1 point 3.4 yearsDec 28, 2021 14:08:35 ago (+1/-0)
[ + ] Systemisgay
[ - ] Systemisgay 1 point 3.4 yearsDec 28, 2021 14:45:55 ago (+1/-0)
[ + ] thebearfromstartrack4
[ - ] thebearfromstartrack4 1 point 3.4 yearsDec 28, 2021 19:37:11 ago (+1/-0)
[ + ] lurker
[ - ] lurker 0 points 3.4 yearsDec 28, 2021 14:26:18 ago (+0/-0)