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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Travis_Bickle who wrote (94136)	11/5/2008 5:10:01 PM
From: neolib	Respond to of 541915

Yeah, I've known a number who do similar things. They buy business supplies at Costco, and then take home whatever they need. The IRS would do itself a favor if they just demanded that small business owners document home purchases of toilet paper for example. Anyone who gets caught would be slapped with the same ratio they cheated on the TP for all their other personal expenses. There are lots of others that aren't even cheating in some sense. Take auto deductions. I know people who religiously make up "business" uses for every freaking drive they take in their car. Just make sure the business use was the furthest destination, and it is perfectly legal. But what if the business "use" was buying a pen or getting a few stamps, etc, or perhaps just scoping out prices for office supplies, no purchase even made and you drove 25 miles roundtrip to do this, while just happening to visit friends for dinner or take in a movie??? What I really see is that lots of small business owners do an awful lot of cash transactions and they have plenty of opportunity to not funnel the cash through their bank. Would be interesting to ask Joe the Plumber what he does. <g>