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0 pointss1artibartfast2y ago0 comments

>Every tax dollar you don't pay is a dollar someone else has to pay instead, or a dollar that gets added to the national debt. And burning your house down and writing off the depreciated value is absolutely not legal.

nobody is entitled tax revenue. Laws generally support taxes on income/profit, and arent just a bill.

It isn't illegal to work less and pay less taxes.

It is absolutely legal to knock down your house so you dont have to pay property or mortgage tax on it.

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3 comments · 1 top-level

lisper2y ago· 2 in thread

> It is absolutely legal to knock down your house so you dont have to pay property or mortgage tax on it.

Yes, that's true. But that's not the same thing as claiming the resulting loss as a deduction on your income tax.

s1artibartfastOP2y ago

>but that's not the same thing as claiming the resulting loss as a deduction on your income tax

which you can also do. If you knock down your house, then sell it, you will have a pretty heafty capital loss, which you can then use as a income deduction for up to 8 years, or until it runs out.

lisper2y ago

> then sell it

Yes, but you have to sell it, at which point it's a capital loss. And you can sell the movie and take a loss that way as well (assuming you actually sell it at a loss).

What you cannot do is delete the movie and then claim it as a capital loss -- because you haven't sold it.

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