BuSab Message Board - Msg: 25963575

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Politics : BuSab

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To: Alan Smithee who wrote (1809)	9/22/2009 7:47:57 PM
From: X Y Zebra	Read Replies (1) of 23934

wait... let's see... first he receives the loan (not a taxable event) then he gets the loan 'forgiven' (a taxable event) but wait.... he then ... receives another mill. to pay off the loan (a taxable event to the givor) --> hence.. the IRS gets to collect twice on the ... same event ? *no different than taxing a corporation... and then taxing the shareholder when he/she receives the dividends... (which is money already taxed or... taxing SS benefits.... wow... i suppose it pays to be a terrorist .....

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