Back when I was in school my old friend used 4500 on a drum set and claimed it under EE. I just spent all my loan/grant/scholarships on video games, Taco Bell, and various spirits. Ah college, what a great time.
I know, right. I always took whatever financial aid I could get--way beyond my expenses--and blew it on games and drink.
Edit- And that's actually what I do now, as well...
[Edited by Dhampy, 2/15/2010 7:37:51 PM]
The country is in an atrocious state and it is the sort of people who choose to break and bend the laws to suit themselves and their personal needs that is dragging us all down.
Even if you can get free tax on your computer due to a loophole in the rules, you shouldn't as it is both immoral and the money you spend on taxes is badly needed to pay for the many and varied services supplied by the government.
Be proud to be British, pay your taxes.
[Edited by Xientie, 2/15/2010 9:09:14 PM]
Thrawn is paying taxes in the US. If the US tax code is so dysfunctional as to allow him to claim his computer, then he should do it. It is not immoral to seek to benefit oneself legally.
No homeless bum gets a bowl of soup through income taxes, no business gets bailed out through income taxes, no wasteful piece of pork is criminally financed through income taxes. Well over 90% of federal programs are financed through corporate taxes, which are collected every quarter, and through selling debt to other countries.
Income tax is mainly used for short-term investment to pay government employee salaries and then you get most of it back the next year in your return--plus bonus for whatever you can claim.
Note: Since getting my current job I've been fueled with the urge to bleed my government dry.
good for u. been trying to do that for years but failed miserably the tax-men here r pretty smart.