Our tax system is so flawlessly constructed and fair that I’m cashing out my retirement package from my last job to pay for the obscene amount of freelance taxes I owe this year. That’s how it works, right? Well, either way, if you’ve got yourself a fancy tax person, they’ll tell you the ways to game the system, much like all those rich people who do financial Houdini to get out of paying anything. Last week, the New York Times and those public radio masterminds at Planet Money published a very Brokelyn sounding guide called “What’s the Easiest Way to Cheat on Your Taxes?” that highlights several loopholes you could exploit. Their No. 1 tip might not be exactly useful this year: run your own company so you can write everything off as a business expense. But the rest of the piece helps illuminate the kinds of loopholes people exploit (cosmetic surgery), what looks like a red flag to auditors and other ins and outs of tax frustration. Hint: writing off your travel and entertainment expenses is like putting a bright red AUDIT target on your forehead. Which means I need to go adjust my tax forms immediately.
Earlier today we were gnashing our teeth, as we do, about the death of the police blotter and it’s myriad wonders. And like some parent trying to distract a kid from the death of their dog by buying them a new, worse dog, the NYPD has released an interactive crime map of their own. “See?” […]
The medical field is one of those things that is basically alchemy to us, given all the experience we have with it and our utter lack of contact with it due to being uninsured/young and unbreakable. That’s why we’re glad Gina Bellafante at the Times let us know what’s happening in the exciting field of medicine in […]
Nobody likes paying rent, except for maybe those weird kids you went to school with who’d remind the teacher about homework. But at least we can rest easy knowing that the rent we’re paying isn’t slowly sending us to the poorhouse because it hasn’t massively shot upwards while our wages have gone down just as […]