Wait, if you buy a 10 dollar scratch card, you can deduct 9 dollars from you income for tax purposes?
Comment on YSK that americans can now deduce private jet expenses from their taxes
Hathaway@lemmy.zip 16 hours ago
Ah, and only 90% of gambling loses. Looks like another point against the poor.
Not that I’m condoning gambling, but, weird how those things impact polar opposite sides of the wealth gap.
Tar_alcaran@sh.itjust.works 14 hours ago
some_kind_of_guy@lemmy.world 13 hours ago
You think the people buying scratch tickets are itemizing? Idk, maybe they will, they’re not the brightest
quick_snail@feddit.nl 14 hours ago
In my experience, poor people gamble a lot. I’ve never seen a rich person buy a lottery ticket
IronBird@lemmy.world 5 hours ago
rich people gamble plenty, they just call it investing and get way more tax write offs for doing so
Hathaway@lemmy.zip 14 hours ago
That’s the point. Poor people gambling can’t write off their losses on taxes. Well, they can, just only up to 90%. Rather than all of it like it has been.
AA5B@lemmy.world 3 hours ago
Does it require them to itemize? Most cant
quick_snail@feddit.nl 14 hours ago
Pretty sure poor people don’t have enough money to hire someone who can write off losses
some_kind_of_guy@lemmy.world 13 hours ago
They don’t make enough to itemize in the first place, they’ll just take the standard deduction. (Unless they lost like $20k on scratchers somehow)
burgermeister@sh.itjust.works 14 hours ago
Anyone can write off stuff on their taxes. It’s pretty easy actually.
Hathaway@lemmy.zip 14 hours ago
It’s not hard to file taxes. Especially for an individual, with a normal W2 income, and not much else. Certain people try to make it hard, but it’s not.
I don’t need to pay someone to put a number on a form.