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To: Prokopton

Self Employed people are allowed to right off most expenses off there taxes! Its written in the tax code!


31 posted on 07/27/2007 9:01:06 PM PDT by bcorbett
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To: bcorbett; Dinsdale
Self Employed people are allowed to right off most expenses off there taxes! Its written in the tax code!

I didn't say, or mean, that they take advantage of legal write-offs. They cheat. They don't report accurately what their actual income is. Most of them deal in a lot of cash transactions and some are reported, some aren't. Their personal vehicles are always claimed as a business expense whether being used for business or not, etc. A simple review of their lifestyles would show that they don't report enough income to live like they do. The unreported, so called underground economy is huge.

34 posted on 07/27/2007 9:16:14 PM PDT by Prokopton
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