[lbo-talk] who the FRICK came up with this crap

[Jeffrey Fisher]

it's only worth anything if you can write it off (i.e., count it as a
loss against profit, which is to say, that it's your own business and
not someone else's). now if you can combine that with other home
expense deductions or whatever to surpass the standard deduction, then
you're in business.

um, right?

but the thing i've never understood is why it would ever be worth it
for a normal person to bother itemizing deductions? does anyone have
numbers on how many people could deduct more than the standard
deduction? and how many could deduct enough to make it worth itemizing
(which would have to be a substantially more than the standard, imo)?

On Sat, 23 Oct 2004 22:01:18 -0400, snit snat
<snitilicious at tampabay.rr.com> wrote:
> 
> 
> ps/ what i discovered, after about 6 hrs of filling out this form and that
> form and trying to figure out how a FT employee can declare office expenses
> (it's not intuitively obvious and I'm still mystified), was that deducting
> 3k worth of office expenses was worth exactly squat.
> 
> zip.
> 
> zero.
> 
> zilch.
> 
> nada.
> 
> big fat fuckin' nothing. less than nothing.
> 
> i can't even believe my boss had the NERVE to tell us, underpaid and
> overworked, that the rilly rilly kewl thing was that we could declare home
> office expenses. like it was some kind of benefit!
> 
> k
> 
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