Best Thread Joke of the day

Phylo · Feb 21, 2024

One day, John dies and finds himself in hell. As he is wallowing in despair, he meets a resident demon.

Demon: "Why so sad, my friend?"

John: "What do you think? I'm in hell!"

Demon: "Hell's not so bad. We actually have a lot of fun down here. You a drinkin' man?"

John: "Sure, I love to drink."

Demon: "Well, you're gonna love Mondays then. On Mondays, that's all we do, is drink. Whiskey, tequila, vodka, beer...you name it, we'got it."

John: "Gee, that sounds great!"

Demon: "You a smoker?"

John: "You better believe it."

Demon: "Allright! You're gonna love Tuesday. We get the finest cigars from around the world and smoke our lungs out. If you get cancer, it's ok, you're already dead!"

John: "Golly, that great !"

Demon: "I bet you like to gamble."

John: "Yes, as a matter of fact, I do."

Demon: "Good, because Wednesday is gambling day. Craps, blackjack, horse races, you name it."

John: "Wow!"

Demon: "You like to use drugs?"

John: "Well, I love to use drugs. You don't mean..."

Demon: "That's right! Thursday is drug day. Help yourself to a great big bowl of crack. Smoke a doobie the size of a submarine. You can use all the drugs you want, and if you overdose, it's ok... You're already dead!"

John: "Neat! I never realized hell was such a swingin' place!"

Demon: "You gay?"

John: "Uhhhhh, no!!"

Demon: "Ohhhh.... you're gonna hate Fridays...."

Phylo · Feb 21, 2024

Phylo · Feb 21, 2024

in reply ....

Phylo · Feb 21, 2024

Phylo · Mar 8, 2024

RS Guidance for Thieves, Drug Dealers, and Corrupt Officials
June 9, 20141 min readBy: Alan Cole

IRS Publication 17, which helps taxpayers determine how to report their income, is extremely detailed. Its section on “Other Income” has some of the most fascinating sorts of income you are obligated to report. Here are three that stand out:

Bribes
If you receive a bribe, include it in your income.

Illegal activities
Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.

Stolen property
If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.

As you can see, Publication 17 is very helpful to a variety of villains and dishonest folk. There is some interesting case law on the subject; the Sixteenth Amendment, which allows Congress to levy an income tax, comes into conflict with the Fifth Amendment, which includes a right against self-incrimination.

The conclusion of the matter is unsurprising; it would be absurd to exempt criminals from reporting income on their tax forms while asking it of honest workers. However, Fifth Amendment privilege allows one to report illegal income without revealing its precise source.

The constitutional questions are tricky, but this is good neutral tax policy from the IRS. In a nice touch, income from stolen property is offset with deductibility of many classes of stolen property.
The main concern with these classes of taxable income, obviously, is compliance. Thieves do not make for honest taxpayers.

source : https://taxfoundation.org/blog/irs-g...upt-officials/