IWETHEY v. 0.3.0 | TODO
1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User
IWETHEY Banner

Welcome to IWETHEY!

IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / keeping score is a bitch
Post #309,809
by boxley
6/17/09 5:46:54 PM
Reply
New keeping score is a bitch
I charge $175 for consulting, helping drew build a deck takes 10 hrs of my time. I should be able to take a tax loss of $1750 because I didnt get paid or do I offset drew's loss of $1750 for his 10 hrs painting my deck? either way no gain or profit has been realized
Post #309,811
by drook
Picture of drook
6/17/09 6:07:56 PM
Reply
New "no gain or profit has been realized"
If I charge $175/hour, and I spend 8 hours at work, that's 8 hours I wasn't doing something else. In other words, my time has value, and I just exchanged it. No profit has been realized. So say the tax protesters.
--

Drew
Post #309,815
by boxley
6/17/09 7:43:34 PM
Reply
New sounds good to me
however, I am happy to scam banks, insurance co's unions and other organized thieves but the IRS is one I leave strictly alone. One audit even tho I was not given a penalty is enough
     I like this and doubt the government has a case - (boxley) - (14) - June 16, 2009, 09:29:28 PM EDT
         TANSTAAFL. Better linky. - (Another Scott) - (13) - June 16, 2009, 11:11:32 PM EDT
             I have a duty to pay taxes - (boxley) - (12) - June 17, 2009, 08:07:21 AM EDT
                 Where did Kahre get the coins? - (Another Scott) - (11) - June 17, 2009, 08:21:56 AM EDT
                     do you have any pennies in a jar? - (boxley) - (10) - June 17, 2009, 09:06:43 AM EDT
                         0.34 cents is less than 1 cent, isn't it? -NT - (drook) - (2) - June 17, 2009, 09:09:06 AM EDT
                             Looks a little higher - (Andrew Grygus) - (1) - June 17, 2009, 09:39:42 AM EDT
                                 There was more then $.01 in a penny when it was copper - (jay) - June 17, 2009, 05:07:24 PM EDT
                         Depends on value received, deal made - (mhuber) - (5) - June 17, 2009, 09:32:50 AM EDT
                             On taxing barter - (drook) - (4) - June 17, 2009, 11:28:55 AM EDT
                                 I don't see anything wrong - (jay) - (3) - June 17, 2009, 05:09:39 PM EDT
                                     keeping score is a bitch - (boxley) - (2) - June 17, 2009, 05:46:54 PM EDT
                                         "no gain or profit has been realized" - (drook) - (1) - June 17, 2009, 06:07:56 PM EDT
                                             sounds good to me - (boxley) - June 17, 2009, 07:43:34 PM EDT
                         What did the pennies cost me? 1 cent. HTH. -NT - (Another Scott) - June 17, 2009, 11:54:59 AM EDT

In conclusion, lithium in the water supply.
35 ms