In a fantasy world if you were president and could pass a law to write off strip
Wednesday, August 17, 2011 8:42 PM
I would. I could write off a fortune. However how would the IRS verify it? A handwritten note signed off by a club or dancer listing the dollar amount you spent on dances?
Then what if the next guy to become president or some members of congress realized how much money was not getting taxed? The dancers would not be reporting all of that income in many cases but the customers were claiming they spent it and had dancers or clubs sign off on receipts? The customers were getting a tax free service and not paying any taxes. Just imagine if you spent $5,000 a year on clubs and at the end of the year, the IRS sent you a tax bill for your income bracket or say only 15%. You pay an extra $750 or more. Ouch. Fantasy world becomes nightmare. If you spent twice or much or were taxed an extra sin tax, the amounts could skyrocket.
Would you go for a law that allows strip club tax deductions? Of course I consider this has as much chance of becoming a law as legalizing prostitution in all 50 states.
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