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To: Centurion2000

Now I agree Geithner was an out and out cheat, and maybe little Tommy D was as well with the car thing (not a lobbyist my ***) but this one I would have messed up. If I gave a talk and basically gave the check to charity why should I owe taxes on it? Maybe he “had possession” but this one might be iffy.


4 posted on 03/02/2009 1:57:52 PM PST by RGF
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To: RGF
Your Adjusted Gross Income, which is before deductions such as for charity, determines to what extent you can write off all your deductions. That's probably what resulted in a difference on how much income tax Mayor Kirk owed.

Common sense is not always tax code sense. That's why I agree with you that this tax flub appears innocent in nature.
8 posted on 03/02/2009 2:50:46 PM PST by kenavi (Want a real stimulus? Drill!)
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