The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31071
Likes: 52477


And I'll also disagree slightly with your assertion that there's


too much room for bullshit and manipulation. Certainly when you get into self employed / small business owner situations there is room for bullshit, and also with very high net worth individuals (and in this case it's not so much manipulation as it is avoidance of realized gains), but for most people, it's W2 income and investment income. With the exception of the rental income I earn on a property, 95% of my income is reported to the IRS either by my employer or by my broker. There's no room for manipulation. Could I push the limits on the clothes I donated to charity or exaggerate the miles I use on my personal vehicle for dealing with my rental property... sure, but those add up to maybe a few hundred dollars in deductions. The vast majority of my taxes are very straight forward other than some complexities in how different sources of income are taxed.

(In response to this post by Hoakie82)

Posted: 04/20/2018 at 2:16PM



+0

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