Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Raycpa

Well, was Clinton wrong or illegal when he claimed the donation of used underwear to charity at $20 per pair as a way to reduce his income? If he was illegal, as you seem to be implying I would be, shouldn't I be punished in the same manner? Ignored, like he was? My conscience can handle that ok. Or was he just being a tad wrong while I would be highly illegal?


67 posted on 02/21/2005 8:33:12 AM PST by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty)
[ Post Reply | Private Reply | To 54 | View Replies ]


To: badgerlandjim
Well, was Clinton wrong or illegal when he claimed the donation of used underwear to charity at $20 per pair as a way to reduce his income? If he was illegal, as you seem to be implying I would be, shouldn't I be punished in the same manner? Ignored, like he was? My conscience can handle that ok. Or was he just being a tad wrong while I would be highly illegal?

The law provides for a deduction up the the fair market value of the property contributed. The law also provides for a tax on the sale or purchase of tobacco products by a state resident. If Clinton claimed a deduction in excess of the fair market value that was illegal. If 20 is the FMV then its not illegal. The FMV of used underwear is a subjective value.

If Clinton knowingly took a value greater than the FMV even though he could support it then it would be morally wrong but not legally wrong.

If you knowingly purchase cigs' without paying the tax that is both illegal and morally wrong.

70 posted on 02/21/2005 8:40:29 AM PST by Raycpa
[ Post Reply | Private Reply | To 67 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson