rich people gamble plenty, they just call it investing and get way more tax write offs for doing so
Comment on YSK that americans can now deduce private jet expenses from their taxes
quick_snail@feddit.nl 3 weeks agoIn my experience, poor people gamble a lot. I’ve never seen a rich person buy a lottery ticket
IronBird@lemmy.world 3 weeks ago
Hathaway@lemmy.zip 3 weeks 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.
quick_snail@feddit.nl 3 weeks ago
Pretty sure poor people don’t have enough money to hire someone who can write off losses
some_kind_of_guy@lemmy.world 3 weeks 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 3 weeks ago
Anyone can write off stuff on their taxes. It’s pretty easy actually.
Pyr_Pressure@lemmy.ca 3 weeks ago
I’m always terrified to write stuff off because I fear I will accidentally write something off that I’m not really allowed to due to some obscure legalese and then I will get audited in 5 five years and owe 10 grand in late fees and interest or some shit.
Hathaway@lemmy.zip 3 weeks 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.
toddestan@lemmy.world 3 weeks ago
Most poor people probably just take the standard deduction anyway. It’s not like they have enough money to accumulate a large amount of deductible expenses anyway. Possible exceptions might be large medical expenses or a mortgage.
quick_snail@feddit.nl 3 weeks ago
The rest of the world: nah, its insane and difficult that you have to file taxes
AA5B@lemmy.world 3 weeks ago
Does it require them to itemize? Most cant