Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ChanceIs who wrote (51538)	4/6/2006 2:00:36 PM
From: GraceZ	Respond to of 306849

Not to mention hours of "labor" when he was born.

To: ChanceIs who wrote (51538)	4/6/2006 2:09:35 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

The other point is that the IRS doesn't only tax a given sum of money once. Say, instead of his mother, he puts his manicurist on the payroll or calls her an out side contractor. Now you can say it's a wash because it's a deduction for him and income for her so she pays the tax he doesn't. But unless you are a hand model, you'd have a hard time claiming a manicure as a deductible expense. Helmsley put her bras on her business so I guess getting your nails done isn't too far off from that. In the normal set of circumstances, he takes personal income, pays SS and income tax on it. Then he uses after tax income to pay a manicurist who then pays taxes on that income. In this case the same money is taxed more than once. Many times when you consider she then takes her after tax income to buy other non deductible personal services from other vendors and it's income for them as well.