Genius way of cutting your tax bill
Genius way of cutting your tax bill
by Hyperion » Thu Dec 13, 2012 11:32 pm
So I stumbled on this genius idea. For less than 14 days rent out your house or apartment to a certified charity for $5,000 so that it's not taxable. Meanwhile donate $5,100 to the charity for their stellar work. You now have a $5,100 tax deduction which for the average household amounts to $1,200 less in taxes. It only cost you $100. Problem, IRS?
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Re: Genius way of cutting your tax bill
by OGPhilly » Thu Dec 13, 2012 11:46 pm
You want to team up with a charity that will help you defraud the government and avoid paying taxes, so they can net $100?
Stop being cheap and pay your taxes.
Stop being cheap and pay your taxes.
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Re: Genius way of cutting your tax bill
by Hyperion » Thu Dec 13, 2012 11:50 pm
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Re: Genius way of cutting your tax bill
by OGPhilly » Thu Dec 13, 2012 11:53 pm
Sounds like you're looking out for tax cheats who can afford to pay the $1,200 but just feel like they're entitled to the benefits of living in society without paying their way.
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Re: Genius way of cutting your tax bill
by TheRantinArkansan » Fri Dec 14, 2012 12:01 am
Now I just need to find a charity...
Every man is his own king
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The artist formerly known as ThePiperFromArkansas.
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Re: Genius way of cutting your tax bill
by Hyperion » Fri Dec 14, 2012 12:02 am
If corporations and millionaires can find loopholes , the average American should be able to do the same. Just my opinion of course.
Last edited by Hyperion on Fri Dec 14, 2012 12:03 am, edited 1 time in total.
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Re: Genius way of cutting your tax bill
by Hyperion » Fri Dec 14, 2012 12:09 am
Last edited by Hyperion on Fri Dec 14, 2012 12:13 am, edited 1 time in total.
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Re: Genius way of cutting your tax bill
by TheRantinArkansan » Fri Dec 14, 2012 12:12 am
Every man is his own king
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The artist formerly known as ThePiperFromArkansas.
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