Imputed income is total bull. I take no salary or wages so I dont have to pay taxes, but they want to charge me anyways for using company benefits even though I work constantly.
Fair Tax, no more income tax and we wont have these problems. We could have a private barter system and they would want to tax that also. That is treasonous in my opinion to try to tax someone , just because they figure out a legal way to get around paying income taxes.
I agree with you. In the case of Emmanuel it has ties to politics and contracts. In the case of guys like you there should be no tax for using your car or other business items for personal use.
Well taxes are bull passed into law but the law says if you are paid in kind, limo, apartment, etc you gotta pay. If Rahm was temporary in DC and had a home in Chicago I can see where he should be able to expense quarters while away and working but 5 years? I wonder if the white house quarters are taxable and at what rate? There are rules for the rich and then there are rules for us I reckon.
“Imputed income is total bull.”
Exactly right and it’s gonna get worse. Some Rats want to tax you if your house is paid off. It’s coming...
When someone lets a person live rent free for 5 years in a townhouse that could be rented out for 3K/month, and that person steers government money to the person letting them live rent-free...that is close enough to real money coming in that I have no heartburn with taxing it. We’re talking 150-250K that Rahm didn’t need to spend. No wonder he’s a multi-millionaire based on ‘public service’.
Odd, but 25 years in the USAF sure didn’t make me a millionaire. Maybe if I had been a democrat the whole time, and on the take from Lockheed & others...
I’m with you. Imagine I have a neighbor who is a mechanical whiz, and I have a table saw and am a whiz at woodworking. So I make him a nice table and he does my brakes.
And the government thinks that means we owe them money? ;)
Nyuk, nyuk. Sure...