Monday, July 6, 2009

Aaaaah Sweet Fraud Tax Deductibility

How do you know that a certain business activity has become mainstream? When the government wants to tax it. Obviously the opposite has to be true, and today we have in our hands a fine specimen of such government thinking.

The IRS is offering tax breaks for ponzi scheme victims. So basically if you bought into a ponzinvestment, you can claim that back as losses in your IRS filling. So in theory you could get back money from previous tax paid because of gains claimed in such games. Of course no word yet on what happens when you have to return back any money paid out in the last 6 years…Bon chance mes amis.

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