DISQUS

Debt Free · 2 years ago

You shouldn't be playing the Lottery in the first place, although a 12/54,000,000 return is pretty good on a dollar. Basically the IRS always gets their cut. Great post.

2 Pennies Earned · 2 years ago

What about the gift cards and statement credits that credit card companies give out when you sign up for their cards?

mapgirl · 2 years ago

Hilarious post.

Getting Green · 2 years ago

I think the IRS's true colors really come out when they tell us that we have to report illegal income. They're nothing more than a pack of government sponsored thieves! You'd think that since that 99% of Americans hate paying taxes there'd be a bigger movement to cut them, but nope!

dimes · 2 years ago

I've often wondered how the IRS could ever really audit a prostitute or drug dealer, for example.

Kay · 2 years ago

Realistically, it's nigh impossible to collect taxes on illegal income (although last year the NYTimes ran a story on a group that helps ladies of the evening file their returns). The real reason for these types of laws is to "pile on" a la Al Capone. If something happens where a more typical criminal charge can't be successfully prosecuted, the tax law violations are another and usually easier way to convict the person of at least something.

john · 2 years ago

> they were about to rob some individual they call “McJagger,�

Are you sure that wasn't "Mick Jagger?"

Flexo · 2 years ago

John: Sorry, that's just my odd sense of humor.

Piri · 2 years ago

What about Wedding Gifts?
Thanks for the nice guide! (Funny too!)

rich · 1 year ago

I received proceeds from a forloser do I have to report as income? I am retired and on Sociae Security and Pension