I didn't say that I could write off my clothes and shoes now. I said that under the FT, as explained by others here, I would be able to. But I can write donations to museums off now; it's in the present tax code. And no, you're dead wrong, they aren't "questionable" tax write offs at all.Neither is it a scam at all. Museums would be bereft of many valuable assets, if people didn't donate to them.
It's hardly "beside the point" at all.
Eliminate write offs for donations and far less will be donated, contributing to a paucity of historical things available to the public and historians. And that is the "drawback"; not what you claim.
You're being rather silly...re your underwear.
And you are ignoring the salient points I made about what is actually collectible. You can't refute me on this; not even with your cheapo underwear.
I've mixed no metaphors; hell's bells, I haven't used any metaphors at all!
You really should refrain from talking about or using terms you don't understand at all.
Don't break your buns laughing so hard or you won't have a comfortable sit in your "investment" clothes.
I've asked you to provide the reference to the post that gave you the information about taxablity of your self-defined "investments" and you have never done so. I'll take that as an admission that there was no such and thet is just sounded good to you to make up such a claim.
You can "write off" stuff like that under the income tax and - if you're not caught at such a questionable tatic - you've bamboozled the IRS. Different situation when you buy clothes at a retailers trying to get him to not charge you the FairTax since it push comes to shove with the state sales tax folk, he's on the hook for it, not you. Of course if you buy all your "investment" clothes art Wal-Mart they'll no doubt be glad to put their business on the line to help you duck the FairTax ... right??? Right!!!
With the FairTax there is nothing to "write off" against as income is not taxed and donations will be made by using before tax dollars, not after tax dollars so there will be a larger incentive to donate than before.
Nothing silly about my underwear at all - after all Hillary donated Bill's boxers for a tax write-off and that was even BEFORE he was infamous. So, you can see, there's nothing silly about my shorts at all.
And you should attempt to restrain yourself from correcting on topics you know nothing about as you've used a number of metaphors but don't seem to even know what they are.
"Cheapo" underwear ... are you challenging me to a show and tell on our respective underwear quality??? Are you some sort of prevert??