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Tax troubles for president's chief of staff
wnd ^

Posted on 02/18/2009 5:31:52 AM PST by dascallie

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To: Condor51
No no no no.

She gets the imputed income as she should have made (and paid taxes on) that $100,000.00 she could have earned.

AND

He gets the imputed income as he received (and should have paid taxes on) that $100,000.00 worth of value he didn't have to pay out of his own pocket...

81 posted on 02/18/2009 9:47:26 AM PST by null and void (We are now in day 29 of our national holiday from reality.)
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To: Madame Dufarge

Looks like a very cross species...


82 posted on 02/18/2009 9:53:03 AM PST by null and void (We are now in day 29 of our national holiday from reality.)
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To: null and void
*** She gets the imputed income as she should have made (and paid taxes on) that $100,000.00 she could have earned.
AND
He gets the imputed income as he received (and should have paid taxes on) that $100,000.00 worth of value he didn't have to pay out of his own pocket...***

Okay, I was at least 'technically' half right; She does get nailed for the "imputed income".

I just disagree on the term "Imputed Income" for Rahm(1). I think his "Income" falls more under the Gift Tax as he was 'given' something of value.

And I still think we should call Charlie Rangel for his 'expert' opinion :-)

(1) I looked up the definition and examples of Imputed Income and they didn't seem to pertain to Ram's 'free' room and board.

83 posted on 02/18/2009 10:30:08 AM PST by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: Condor51

What the hell, tax him as if it was both “imputed income” AND a gift...


84 posted on 02/18/2009 10:34:35 AM PST by null and void (We are now in day 29 of our national holiday from reality.)
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To: null and void
What the hell, tax him as if it was both “imputed income” AND a gift...


I'm with ya!

85 posted on 02/18/2009 10:37:11 AM PST by Condor51 (The difference between stupidity and genius is that genius has its limits)
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To: null and void
........Biden is dumb enough to think that it would be a fine idea, isn't he?...........

"Hi there, Americans. I'll be alright, soon as I get my colon cleansed."

86 posted on 02/18/2009 11:20:06 AM PST by Liz (Problem with socialism is you eventually run out of other peoples money. M. Thatcher)
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To: Condor51
Wow, Rahm's tax situation is getting complicated. Maybe 'we' should check with the guy who writes the tax laws--------Charlie Rangel............

RETSIGNMAN PHOTOSHOPPING---"IT'S GETTING CROWDED AT RANGLE'S BEACH"

Little Tommy's warming his buns on Tax-Cheat Beach, too.

87 posted on 02/18/2009 11:29:32 AM PST by Liz (Problem with socialism is you eventually run out of other peoples money. M. Thatcher)
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