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Question for tax gurus
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<blockquote data-quote="Jogeephus" data-source="post: 1148849" data-attributes="member: 4362"><p>Theoretically speaking, lets just say someone found themselves muddling through the tax code and found where Dotgov had interjected some of their subtle social engineering into the existing tax code. Then let's say you found that this social engineering cross-threaded itself against what was commonly understood in the past and changes how things can now be calculated. Using this "new" definition opens the door for you to expense costs far exceeding what was customary in the past. In fact, in most cases - when you use the "new" politically correct definition - you would almost be given a limitless number of times you can raise your deduction limit - assuming a few minor and easily documented things are done. Running some numbers I was able to eliminate all taxes in one particular situation. Granted this would not apply to every situation but a reduction of income taxes by 50% should not be a problem.</p><p></p><p>Assuming all this can be easily documented and fully meets the definition in the tax code would you feel comfortable exploiting this to the fullest even though you know they surely didn't mean to word it the way they did - but it IS? And its more PC.</p></blockquote><p></p>
[QUOTE="Jogeephus, post: 1148849, member: 4362"] Theoretically speaking, lets just say someone found themselves muddling through the tax code and found where Dotgov had interjected some of their subtle social engineering into the existing tax code. Then let's say you found that this social engineering cross-threaded itself against what was commonly understood in the past and changes how things can now be calculated. Using this "new" definition opens the door for you to expense costs far exceeding what was customary in the past. In fact, in most cases - when you use the "new" politically correct definition - you would almost be given a limitless number of times you can raise your deduction limit - assuming a few minor and easily documented things are done. Running some numbers I was able to eliminate all taxes in one particular situation. Granted this would not apply to every situation but a reduction of income taxes by 50% should not be a problem. Assuming all this can be easily documented and fully meets the definition in the tax code would you feel comfortable exploiting this to the fullest even though you know they surely didn't mean to word it the way they did - but it IS? And its more PC. [/QUOTE]
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